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Confederation of Real Estate Developers’ Association of India

Bangalore Property Prices to Drop

Bangalore Property Prices to Drop
The developers in Bangalore are facing rise in costs of the properties by 10-15% by this year-end is traced to be  inevitable generally the price escalation was about 3-4% per annum. However the input costs have been rised by 7%. The average cost of construction has seen a increase by Rs 150 per sqft and [...] Continue Reading »

RBI hike in key rates- Developers to pass on the burden on Home Buyers

RBI hike in key rates- Developers to pass on the burden on Home Buyers
Reserve Bank of India (RBI) declared a key rate increase of a 25-basis points and the cost of housing is expected to be raising resulting in the developers to pay more interest on the borrowed money from the financial institutions. Pradeep Jain the chairman of Confederation of Real Estate Developers’ Association of India (CREDAI) reported saying that [...] Continue Reading »

Hike in Policy Rates will Impact the Real Estate Sector

Hike in Policy Rates will Impact the Real Estate Sector
The property consultants see hike in policy rates that is proving a minimal effect on taming inflation, on all- round cost. Mr Pranab Datta, Vice-Chairman and Managing Director, Knight Frank India reported saying that the rising inflation is for further tightening of the key policy rates in the financial market and also the prospective buyers themselves holding capacity [...] Continue Reading »

Land Acquisition Bill to Increase Land and Housing Prices

Land Acquisition Bill to Increase Land and Housing Prices
Confederation of Real Estate Developers Association of India (CREDAI) says that land owned by private companies should not be considered under the land acquisition bill as this would lead to a rise in land cost very soon and affordable houses would soon become a dream. According to the bill introduced in Lok Sabha the rehabilitation [...] Continue Reading »

CREDAI Opposes Proposed Regulatory Body for Real Estate Sector

CREDAI Opposes Proposed Regulatory Body for Real Estate Sector
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 »

Online Booking of Properties is Catching Attention of Buyers in Pune

Online Booking of Properties is Catching Attention of Buyers in Pune
Pune market has always caught the attention of national as well as international property buyers and investors. E-profest is acting as powerful medium to showcase the city’s property and cater to all interested buyers. Confederation of Real Estate Developers Association of India (CREDAI) started a virtual realty fair, e profest which saw a good response [...] Continue Reading »

HC upheld Service Tax on Renting of Property

HC upheld Service Tax on Renting of Property
The Retailers’ Association of India along with the Confederation of Real Estate Developers’ Association of India and Multiplex Association of India had moved the Bombay high court against the service tax on renting of commercial property.The main argument that the developers made was that tax department was misinterpreting the entry of taxable service “in relation [...] Continue Reading »

Property Purchases to be more transparent for Buyers across the Country

Property Purchases to be more transparent for Buyers across the Country
The National Association of Realtors – India (NAR-India) at present has close to 13,000 members spread across 20 states. In AP, about 69 brokering firms are part of this body, which aims to grow on the lines of the 100-year-old national association of realtors, based in the US. Brokers and builders are two key stakeholders [...] Continue Reading »

Noida builders: Buyers of the affected Projects would get back their Money with Interest

Noida builders: Buyers of the affected Projects would get back their Money with Interest
Addressing a press conference at Noida, representatives of the Confederation of Real Estate Developers’ Association of India (CREDAI), Western Uttar Pradesh Chapter, said that all those who had booked houses in the affected projects would get back their money, including the cost incurred as home loan interest, if they so desired. The builders and developers [...] Continue Reading »

Sale of Properties halted in Noida Ext after SC Order

Sale of Properties halted in Noida Ext after SC Order
Builders are estimated to have launched a minimum 50,000 housing units in Noida Extension, which is part of Greater Noida, but buyers are keeping safe distance in the face of the Supreme Court judgement annulling 156 hectares of land acquired for building about 6,000 of these houses. Sale of housing units have virtually come to [...] Continue Reading »



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