CREDAI
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 »
Keeping an eye on the hardening inflation, the Reserve Bank of India (RBI) has cut the cash reserve ratio (CRR) by 25 bps. RBI left the key interest rate unchanged and the 0.25% reduction in CRR is done to infuse additional liquidity that will inject Rs 17,500 crore into the financial system. Accordingly, the CRR [...] Continue Reading »
Realty experts say that Mumbai should focus on sustainable development. According to sources, the sustainable rate in the country is hardly 2.8% when compared to the global standards of about 25%. Since the real estate plays a major role in the development of economy, it is important that sustainable development be adopted on a faster [...] Continue Reading »
The Confederation of Real Estate Developers Association of India (CREDAI) said that the state government’s policies will end up being its gift for Gujarat’s Gift City as the developers body witnesses Mumbai and Maharashtra turning increasingly ‘investor unfriendly‘. Lalit Kumar Jain, president of CREDAI, has criticised the policies regarding the proposal to hike the lease [...] Continue Reading »
A three day property exhibition to be held by the Confederation of Real Estate Developers’ Associations of India (CREDAI) at Amanora Town Centre on Kharadi Bypass from October 19. This will be the biggest property exhibition in the city . The three days exhibition will showcase an array of numerous property in and around koregaon Park, Kalyani [...] Continue Reading »
Developers’ body Confederation of Real Estate Developers’ Associations of India (CREDAI) has expressed hopes that housing sales are expected to improve by about 20 percent in major cities during the festival season. The main propellant has been identified as the marginal fall in interest rate on home loans. Buyers waiting for last two years to buy [...] Continue Reading »
Confederation of Real Estate Developers’ Associations of India (CREDAI) and the Royal Institution of Chartered Surveyors (RICS) have come together to offer courses in real estate. They have announced a joint initiative to address the learning needs of professionals in real estate and construction sectors. RICS is a global professional body which builds environment that [...] Continue Reading »
The new leasehold policy announced by the government have not gone down well with the developers. Builders are of the opinion that the hike in lease rates, announced in the new leasehold policy, will affect the monthly rents paid by tenants who occupy old buildings. The builders say that the policy will also further drag [...] Continue Reading »
In the ongoing series of discussions to provide relief to real estate sector, developers have asked for relaxation of funding norms. Deliberation between Indian Bankers Association (IBA) and Confederation of Real Estate Developers Association of India (CREDAI) saw developers called for the easing of financing norms to ease the cash crunch of the developers. The [...] Continue Reading »
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 »
