Code of Conduct
When several real estate developers in India have refused to abide by the code of conduct lay down by CREDAI, the builders association has expelled those developers, while some have resigned discontinuing their involvement with the organization. The builders have refused to sign the association’s code of conduct as they are not convinced by the [...] Continue Reading »
Three real estate builders DLF, Hirco and Hiranandani, have been removed from the builder’s body, the Confederation of Real Estate Developers’ Association of India (CREDAI) in Chennai. The builders were expelled as they were opposing to sign the organization’s ethical code of conduct, mandatory for all the 8,600 members spread across 105 cities in 22 [...] Continue Reading »
According to industry estimates, at least one third of residential projects in India is facing execution delays. And builders are unlikely to hand over the keys in a hurry to the house that buyers may have already paid for. To counter the situation the real estate industry has come up with a code of conduct [...] Continue Reading »
A ray of hope for residents residing in old flats in South Mumbai. The much hyped capital value-based property tax system which was about to get launched is stalled for time being. The state civic administration who had proposed of the tax system has decided to table it later few months. As the upcoming polls [...] Continue Reading »
Confederation of Real Estate Developers Association of India (CREDAI) opposed the Real Estate Regulation Bill 2011 to form a regulatory body stating that it would become a “breeding ground for corruption” if implemented. The Centre proposed the regulatory body to protect home buyers from fly-by-night developers. CREDAI further questioned the formation of any regulatory body [...] Continue Reading »
