Builders
The two-day ‘Statecon 2012′ organized by the Confederation of Real Estate and Developers’ Association of India (Credai), Karnataka chapter in Mangalore has received satisfactory footfall. The exhibition with the theme ‘Home for all’ witnessed 42 builders putting up their stalls and had almost 10,000 footfall and 4,220 confirmed inquiries for dwelling units – indicating a [...] Continue Reading »
The state sales tax department has been able to make the builders register with them as the battle for paying VAT seems to swing towards the government. The builders in Nashik have started registering with the sales tax department of the state government. Confederation of Real Estate Developers’ Association (CREDAI) has reportedly decided to pay [...] Continue Reading »
Over four lakh flat owners in Maharashtra, who had bought properties between June 20, 2006 and March 31, 2010, may have to pay Value Added Tax (VAT) to the state government. As the state government plans to recover VAT, a trade circular is issued by the Maharashtra sales tax commissioner on August 6. The tax [...] Continue Reading »
The flat owners are to be benefited by the new proposed bill in the state of Rajasthan. The state government on Monday introduced the draft of a new law – Rajasthan Apartment Ownership Bill, 2012 – giving more room to the flat owners. The new bill allows the families in flats access to common or [...] Continue Reading »
Bangalore developers are performing much better than their counterparts in the rest of India in terms of sales and aggressive project launches. As per the books, Shobha Developers and other leading realtors are in better position than their counterparts in other metros. Although Bangalore-based real estate firm Brigade Enterprises Ltd’ s numbers contrast with Shobha’ [...] Continue Reading »
Gurgaon Citizens Council (GCC) held a meeting on Sunday. The main orientation of the meeting was to discuss the issue of bringing private areas under the purview of the Municipal Corporation of Gurgaon (MCG). Representatives from various Resident Welfare Associations (RWA) demanded a democratically elected municipality to ensure transparency in governance and better management of civic [...] Continue Reading »
The Hiranandani Group is to construct low-cost affordable houses in Powai. The Bombay high court restrained the Hiranandani group from starting any construction in Powai. The Powai project has been under much controversy so far. Following a public interest litigation (PIL) alleging large scale violations by Hiranandani in building flats instead of affordable houses in [...] Continue Reading »
The Center has finalized a central law to regulate India’s growing real estate sector and prevent realtors from targeting property buyers through unfair practices. The law ministry has cleared the draft of the Real Estate (Regulation & Development) Bill, proposed by the housing and urban poverty alleviation ministry. The bill proposes the setting up of [...] Continue Reading »
Taking a good initiative, Confederation of Real Estate and Developers’ Associations of India (CREDAI) has come forward to contribute its support to Mangalore City Corporation (MCC) against malaria. CREDAI has agreed to provide vehicles fitted with GPS. Each vehicle with six personnel will visit construction sites and monitor it for conditions that allow mosquito larvae [...] Continue Reading »
Many real estate projects in Mumbai‘s western suburbs have been halted in recent times due to the sluggish demand and new Development Control Rules (DCR). Brihanmumbai Municipal Corporation (BMC) recently came up with a list of delayed projects in Mumbai and the western suburbs accounted for 202 of the 326 stalled projects in the city. [...] Continue Reading »
