Builders Association
The Builders Association of India is now expecting an amendment in the Arbitration Act. This one will make institutional arbitration mandatory for contracts which are state awarded. Around three years ago, the proposal had been initiated when the Law Minister was Veerappa Molly. Parmar, who happens to lead a 750 member association, told the Business [...] Continue Reading »
More than 600 leading builders from India have gathered in Dubai to explore new business and investment opportunities as part of a three-day event held for the first time outside India. The Builders Association of India (BAI), the apex body of the Indian construction industry, has flown in about 1,000 delegates representing hundreds of leading [...] Continue Reading »
The government of India has planned to set up committee to evolve a workable strategy for reducing the time taken in approval of real estate projects in India. According to builders association, faster approval process can reduce the cost of any project between the range of 20 to 40 percent. The minister of housing and [...] Continue Reading »
The builders association has planned to go for a one day strike to protest against the governmental decision on real estate sector. Adding to the protest activity, the builders association also decided not to publish any full page advertisement in newspaper across the country. The builders association also asked the raw material distributors to hold [...] Continue Reading »
The union ministry has planned to set up a group of officials to make the approval process faster for the real estate projects in India. The committee will be headed by the former head of the Competition Commission of India. His main responsibility will be to set up a systematic way through which any developer [...] Continue Reading »
Maharashtra Chamber of Housing Industry thinks commercial banks should cut interest rates so that home loans will become affordable. The cost of real estate properties were higher because of high cost of funding. The builders association also welcomed the RBI decision to scrap pre-closure of loans. It is a wise decision for a stagnating economy [...] Continue Reading »
The real estate developer community has welcomed the Reserve Bank of India’s decision on reduction on repo rates. The builders association has expressed their concern that the decision will benefit both the real estate buyers and the developers. The CREDAI president said that the commercial banks should cut rates of interest so that home loans [...] Continue Reading »
The rates of residential properties in Jalandhar will rise sharply after the hike in the collector rate of the real estate properties. rates of agricultural land and properties in and around Jalandhar are up from 400 % to 800 %. The Jalandhar Real Estate Dealers & Builders Association has decided to an agitation if the [...] Continue Reading »
The commission headed by Justice DP Sood, proposed the state government of Himachal Pradesh to moderate the Apartment and property regulation act of 2005. The act was planned in favor of builders and they can build and sell flats in various categories. According to the commission, the illegal land transactions are encouraged by the act. [...] Continue Reading »
The real estate sector has the maximum growth potential and provides higher amount of employment after the agriculture sector. Though in the union budget 2012-13, no such declaration was made, the builders and developers still hoping to get the industry status. The developers have again raised the demand for granting the industry status, which will [...] Continue Reading »
