CREDAI
The Bruhat Bangalore Mahanagar Palike (BBMP) plans to bring in developers to help them out to segregate waste. It has already conveyed their wish to Confederation of Real Estate Developers Association of India (CREDAI) – Bangalore. BBMP sources say that the waste management plan is an ambitious one and they want to educate developers in [...] Continue Reading »
The festive season fails to cheer builders of Mangalore. Karnataka State Pollution Control Board (KSPCB) have sent closure notices on crusher units in the state following a Supreme Court directive. As a result, construction and development activities have come to a halt. Of the 3,700 crusher units units across Karnataka, 200 units are in the [...] Continue Reading »
National President of the Confederation of Real Estate Developers Association of India (CREDAI) – Lalit Kumar Jain has asserted that reforms are necessary to boost the struggling realty sector. He says that there is a shortage of 31 million houses in India of which 26 million are in the economically weak and low income group [...] Continue Reading »
Experts say that the present slowdown in the economy can be turned to a projected growth with a revival in the real estate sector. When India’s economic growth had slowed down to 6.7 per cent in 2008-09 from 9.3 per cent in the previous year, the revival of the real estate sector with a growth in [...] Continue Reading »
Indore real estate scenario is not cheered up even by the festive season. The walk ins to realty sites have gone down and actions taken by the authorities against realtors have added woe to the dismal condition. The Confederation of Real Estate Developers’ Associations of India (CREDAI) hopes that things may improve during the forthcoming [...] Continue Reading »
Representatives of banks have expressed that they want the Reserve Bank of India (RBI) to relax the norms on asset classification in the real estate sector to facilitate credit flow. The revelation came in the wake of the finance ministry asking banks to increase lending to residential housing projects, so as to revive the cash [...] Continue Reading »
CREDAI, the apex body of realtors, welcomed the RBI’s decision to cut cash reserve ratio (CRR) by 0.25 per cent. However, they also felt that reduction in repo rate was needed to boost the real estate sector. The Indian real estate industry has expressed hope that a part of Rs 17,000-crore worth liquidity infused by [...] Continue Reading »
The appreciation of the Singapore dollar and RBI’s liberalised policies are attracting expats, NRIs and Singaporeans to invest in India’s booming real estate market. The recently held India Property show in Singapore witnessed growing interests of investors. Availability of variety of properties offers a reliable and convenient investment opportunity for the Indian as well as [...] Continue Reading »
The recently announced retail reforms have created a positive sentiment in the industry. Jones Lang LaSalle India Chairman and Country Head Anuj Puri has stated that the new development will boost mall development in India. He stated that it will push up absorption of surplus retail space in shopping malls across the country. Similarly, developers’ [...] Continue Reading »
The confusion over VAT payable by the builders and buyers in Maharashtra is being handled carefully by the state government and builders alike. The Maharashtra Chamber of Housing Industry (MCHI)-Confederation of Real Estate Developers’ Associations of India (CREDAI) has set up a four-member committee to look for the best option for developers to compute Value [...] Continue Reading »
