Delhi-NCR
The Confederation of Real Estate Developers Association (CREDAI), on Wednesday, called for comprehensive reforms in areas related to land administration, banking and taxation to lift the realty sector and support in meeting the shortage of 26 million houses. CREDAI unveiled 10-point agenda to revive the sector, which is facing demand slowdown due to high interest [...] Continue Reading »
The old constructions at Talkatora Road and North and South Avenue will be demolished by Central Public Works Department (CPWD), in order to make space for modern apartment complexes. A bungalow at Talkatora Road will get replaced by a seven-storeyed apartment complex housing 14 flats and a multi-purpose hall on the ground floor. These flats [...] Continue Reading »
The commissioner of Bruhat Bangalore Mahanagara Palike (BBMP), MK Shankarlinge Gowda, announced on Tuesday, that the authority is looking for more partnerships with realty developers in building houses for economically weaker sections (EWS) in the city. During the interaction of BBMP with Confederation of Real Estate Developers’ Association of India (CREDAI), Adarsh Developers M.D, BM [...] Continue Reading »
The Confederation of Real Estate Developers Associations of India (CREDAI), the apex body of real estate developers from across the country, expressed that the government’s policy paralysis has severely impacted the real estate sector which is facing stagnation in growth. CREDAI National President, Lalit Kumar Jain said that the economy is in a bad shape [...] Continue Reading »
Real estate market analysts say that the recent June-ending quarter left the realtors frustrated and disappointed as there was lower profit on the back of tighter margins, higher input costs and huge project inventory. According to analysts, Bangalore developers likely stood out with robust sales and several project launches, while Mumbai developers saw a recovery [...] Continue Reading »
Indian realty market witnessed nosedive in the April-June quarter of 2012. Sales volume and absorption rates were low in the residential sector. High inventory and slow execution of projects, were the major concerns. The commercial real estate market experienced low office space absorption and a slight drop in rentals in the metros. Experts feel that [...] Continue Reading »
Two recent shocking developments in KSL industries, the listed flagship of the Tayal group, have resulted in doubts over the creditworthiness of the group. Reward Real Estate, which held key real estate assets of the group in 15 centres, ceased to be its subsidiary last year and in a shocking move Saurabh Kumar Tayal, who [...] Continue Reading »
Analysts have commented that the Real estate firms are expected to have had a lackluster in the June quarter with lesser profit due to tighter margins and higher inputs costs compared to the previous year. Firms are expected to show downfall in their profit, including big players like DLF Ltd. Bangalore based developers seem to [...] Continue Reading »
To improve the health facilities, under its jurisdiction, the East Delhi Municipal Corporation (EDMC) is planning to monitor the health institutions by special committees. Presently, there are 74 health centers under the jurisdiction of the East Corporation; with 40 providing Allopathic treatments while other 34 health centers under AYUSH. The officials have maintained that each [...] Continue Reading »
While we cherish with mobile and technology, but having a tower on the property can make you suffer, in case of both sales and rental. This subject is slowly gaining prominence across the country and there seems to be a gradual awakening to this problem. Most resident welfare associations are not giving permission to install [...] Continue Reading »
