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Confederation of Real Estate Developers’ Association of India (CREDAI)

CREDAI puts forth pre-budget demands to boost the ailing sector

CREDAI puts forth pre-budget demands to boost the ailing sector
On Monday in New Delhi the realtors body CREDAI (The Confederation of Real Estate Developers Association of India) sought tax incentives on development of affordable housing projects and interest rate reduction on home loans to below 7 % while expressing their pre-budget wish list. Single-window clearance for the real estate projects to reduce red tapism and [...] Continue Reading »

Maharashtra builders warn buyers of legal action on failure in VAT payment

Maharashtra builders warn buyers of legal action on failure in VAT payment
Maharashtra builders have warned the buyers that they could invite legal action on the face of failure in payment of value added tax (VAT) on the purchases made from June 20, 2006 to March 31, 2010. The builders have paid the amount to the sales tax department and want to recover it from the buyers. [...] Continue Reading »

CREDAI calls for one per cent VAT norm

CREDAI calls for one per cent VAT norm
Confederation of Real Estate Developers Association of India (CREDAI) has called for the one per cent norm related to VAT payment to be adopted for the retrospective period between 2006 and 2010. The issue is pending with the Supreme Court, which had issued an interim order asking that the VAT on properties sold between the [...] Continue Reading »

Housing in Gujarat may become costlier

Housing in Gujarat may become costlier
The housing projects in Gujarat are expected to become costlier by about 10-15% in case the rising input costs of material and labour are not reined on time, said the Gujarat Institute of Housing & Estate Developers (GIHED). The GIHED also has taken intervention from the government to keep a check on the spiralling prices of [...] Continue Reading »

Don’t pay bribes: CREDAI

Don’t pay bribes: CREDAI
Announcing an all out war on corruption, Confederation of Real Estate Developers Association of India (CREDAI) , the apex body of property developers, has asked its about 10,000 members not to pay bribe to officials for getting project clearance. The strong statement came after CREDAI president Lalit Kumar Jain stated that realty sector has been [...] Continue Reading »

Corruption causing problems for Indian realty: CREDAI president

Corruption causing problems for Indian realty: CREDAI president
Lalit Kumar Jain, president of the Confederation of Real Estate Developers’ Association of India (CREDAI) has stated that corruption is the biggest trouble glaring the real estate sector. At the opening address of 12th NATCON, the Credai president remarked that that the humiliating approval process and corruption is to blame for the problems of developers [...] Continue Reading »

Nashik to host realty expo in December

Nashik to host realty expo in December
In order to showcase properties across Nashik under one umbrella and provide buyers the opportunity to purchase real estate in Nashik, the Confederation of Real Estate Developers’ Association of India (CREDAI) has planned a real estate expo in the city. The realty expo – ‘Shelter’ will be organised in the city from December 20-23. CREDAI [...] Continue Reading »

Banks asked to fund partially completed residential projects

Banks asked to fund partially completed residential projects
In order to give a boost to the real estate sector, financial services secretary D K Mittal has asked banks to focus on funding of partially completed residential projects on a priority basis. Funding projects in small towns has also been asked to prioritise. In a meeting with Indian Bankers’ Association (IBA) and developers body [...] Continue Reading »

CREDAI asked to conduct survey on of unsold houses

CREDAI asked to conduct survey on of unsold houses
Union secretary for financial services D K Mittal has reportedly asked the Confederation of Real Estate Developers Association of India (Credai) to conduct a survey of unsold housing stock across the country. The initiative was taken at a meeting which was attended by representatives of both banking industry and developers. The step comes in the [...] Continue Reading »

Finance ministry assures Credai to reduce cost of funds

Finance ministry assures Credai to reduce cost of funds
D.K. Mittal, Secretary – Ministry of Finance (Banking & Insurance) has assured Confederation of Real Estate Developers’ Association of India (CREDAI)‘s Chairman Pradeep Jain that Union Government will look into reducing the cost of funds for real estate developers. It is a welcome sign from the finance ministry to the real estate developers that the [...] Continue Reading »



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