Confederation of Real Estate Developers’ Associations of India
New Delhi- Reserve Bank of India (RBI) has announced reduction in short-term lending rate by 0.25 percent to 7.75 per cent. This move is expected to lead to reduction in interest rates for buyers and builders. RBI has also cut Cash Reserve Ratio (CRR) to 4 percent, releasing Rs 18,000 crore primary liquidity into the [...] Continue Reading »
Real estate firms have forecasted that in near future, a correction in housing market can be witnessed. This can be due to drop in property sales in past 12 months. In December, rates of properties for sale in Mumbai was bit less while price growth in other Indian cities slowed. According to property research firm, [...] Continue Reading »
Maharashtra government’s offer of fast-track construction projects by 18 months has got poor response. This offer is a failure if builders go for a green building certification process. Union ministry of environment and forests (MoEF) guidelines has made it clear that every project that involves construction of 20,000 sq mt and investment of Rs.5 crore [...] Continue Reading »
A large number of home buyers in India are awaiting reduction in property prices to get the best real estate deals. In order to reduce the prices, the Finance Minister P. Chidambaram recently directed all government-owned banks to force real estate developers to lower the prices, which in-turn is expected to beat the economic slowdown. [...] Continue Reading »
The apex body for real estate developers, the Confederation of Real Estate Developers Associations of India (CREDAI) has said that in order to reduce corruption, the proposed realty regulator should try and minimise the human interface in the process of grating the clearance and registration. Once the regulatory bill comes into force, there should only [...] Continue Reading »
The Madhya Pradesh state government‘s decision to levy Narmada tax has come under fire from various builders and property owners. The property owners are to pay tax prior to getting building permission for any construction is bound to put an additional burden on those constructing new house, as well as on those who had bought [...] Continue Reading »
Confederation of Real Estate Developers’ Associations of India, Coimbatore will organise a three-day property fair at CODDISSIA Trade Fair Complex from August 17. The fair is to feature properties of 30 member developers apart from housing finance companies that will provide home buyers with instant home loan processing options. The organizers state that number of [...] Continue Reading »
State Bank of India (SBI) has offered an all-time low interest rate to its customers interested in investing in the sector. SBI offers a low interest rate of 10.25 per cent for housing loans up to 30 lakhs and 10.4 per cent for amount above 30 lakhs, said Avinash Kumar, SBI chief manager. A three [...] Continue Reading »
Despite low demand for real estate projects in Kochi, realtors deny to reduce prices hoping that the sector will soon recover from the current situation. The average price of double bedroom flats in the city varies from Rs 35 lakh to Rs 45 lakh. Realtors say that majority of the apartment projects in Kochi were [...] Continue Reading »
The union cabinet will soon consider the real estate regulatory bill which will provide the regulatory authorities with specified functions, powers and responsibilities to settle disputed. According to the bill the registration of the property agents and the real estate projects will be made compulsory. There will be a provision for imprisonment for the builders [...] Continue Reading »
