Pune
The Confederation of Real Estate Developers Associations of India (CREDAI) has put forward a plan to the Prime Minister to enable reforms in the real estate sector and help rejuvenate it. Home sales registrations continued to decline in the first half of 2012, although by only 3.4 per cent when compared to the same time [...] Continue Reading »
Knight Frank’s latest report focuses on uncovering the relationship between the developer and the suppliers of factor inputs such as Land and Construction costs. Land is the most significant input for property development. Analysis of land allotment policy of some of the major land aggregators provides interesting insights: City and Industrial Development Corporation (CIDCO) follows [...] Continue Reading »
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 »
Chief Minister Prithviraj Chavan has asked the Pimpri-Chinchwad Municipal Corporation (PCMC), at a discussion in the Assembly on Monday, to provide a report in connection with the increase in cost in construction of low-cost flats for poor. The cost of flats being constructed in different parts of the city had been generating a lot of [...] Continue Reading »
The Nationalist Congress Party (NCP) permitted the release of 0.5 thousand million cubic (TMC) ft of water to the thirsty Daund taluka despite opposition from all major parties in Pune. Residents of Daund taluka have the right to get water from Khadakwasla, Panshet and Varasgaon dams as 80 per cent of the dam project-affected were [...] 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 »
Owing to its strategic location and major developments being carried on at a fast pace, Moshi, a locality in Pimpri-Chinchwad Township, has been luring the real estate developers and investors. Moshi’s proximity to the Chakan industrial area, which is home to national and international automobile companies like Volkswagen, Mercedes Benz and Mahindra & Mahindra, attracts [...] 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 »
Residents of Rahatani and Pimpri are facing water shortage due to problems in the water distribution network, though there is no water cut in force in Pimpri-Chinchwad. The water shortage problem exists for the last one and half years in Savita Khule Chawl in Ramnagar area of Rahatani. Also, the number of water connections taken [...] Continue Reading »
