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The real estate industry of Kerala is expecting a slow down in the development process. After the new guidelines outlined by the Ministry of Environment and Forest (MoEF), the real estate development process has been paused! The guideline clearly says that the multi storey apartment should be surrounded by wider road. And the proportion also [...] Continue Reading »
The housing prices in Mumbai city is expected to slow down by 15 per cent in the coming days. The change in development control rules (DCR) and also due to inventory with developers the price drop has been predicted! The new DCR had asked the developers to pay premium for additional development rights! However, the [...] Continue Reading »
The Confederation of Real Estate Developers Associations of India (CREDAI) has implemented a code of conduct for its employees. The CREDAI set up the guideline in their recent meet. The main aim behind implementing the code of conduct is to reduce the customer complaints and also to resolve the issues quickly and in more convenient [...] Continue Reading »
National Real Estate Development Council (NAREDCO) has requested the Union Government to facilitate some facilities for the real estate industry. NAREDCO emphasized more on renting properties. They are also looking forward for the reduction of tax for income drawn from renting of properties. NAREDCO also suggested the ministry to allot dedicated housing funds to promote [...] Continue Reading »
The residents of apartments in Chennai city are now becoming more Eco friendly when compared to other cities. The awareness is more important among the buyers and the builders. The Eco friendliness is basically the use and reuse of the natural resources in the apartment premises. As an example we can quote; rain water harvesting, [...] Continue Reading »
The property rates in India seems to be hitting the astronomical figures in Indore city. This has been proved same when the district-level evaluation committee has kept forward hike in government rates. Upto 400 percent rate hike can be expected and the proposed collector guidelines will be released in public domain from March 1st week. [...] Continue Reading »
The Indian real estate industry recently was known for its black money transactions! Now, the real estate experts and the government agencies fear for the flow of terror funds in the industry. A review assessment revealed that the track of highest component of undisclosed money was from the real estate income tax department. Other than [...] Continue Reading »
Government of Kerala published the new guidelines for the real estate industry in Kerala. The government has asked for the environmental clearance for the high rise apartments. The real estate developers association expressed their disagreement stating that adequate infrastructure facilities are not available at Kerala. According to the builders of Kerala, the state government must [...] Continue Reading »
The assembly election in UP propagate the progress of real estate industry. According to a real estate expert, the ongoing election has made the builders to postpone the launch of their residential projects. According to the expert the major financing source of different projects are from the politicians. And due to the election expenditure most [...] Continue Reading »
The Mumbai real estate has set a best example warning the property buyers not to book flats even before the project is launched! Property buyers who follow this trend is sure to get into big time trouble. Certain builders in the city who had taken money from the property buyers promising them to large the [...] Continue Reading »
