CREDAI
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 Association of India (CREDAI) Kerala is organising the first ever state conference, ‘CREDAI STATECON 2012‘ for the builder fraternity of the state on September 8, 2012 at Kochi. CREDAI Kerala was formed in the year 2010 and has 4 chapters at Thiruvananthapuram, Kochi, Thrissur and Kozhikode and nearly 160 members. [...] Continue Reading »
The Noida Extension home buyers are apprehensive of facing problems like cancellations and unethical demand letters from developers after the construction work has resumed. They conveyed their fear to Confederation of Real Estate Developers Associations of India (CREDAI) in a meeting and sought its intervention on the matter. Following the meeting, CREDAI has issued a [...] Continue Reading »
Realtors’ body, The Confederation of Real Estate Developers’ Associations of India (CREDAI) assured flat buyers that its members would not charge any extra money from the existing home buyers in Noida Extension area. The assurance came from Amrapali Chairman and Managing Director Anil Sharma. CREDAI response comes after Noida Extension Flat Owners Welfare Association (NEFOWA) [...] Continue Reading »
As Union Finance Minister P Chidambaram’s take on realtors seems to invite reactions from the developers. CREDAI national president Mr Lalit Kumar Jain stated that the finance minister should take immediate steps to boost to housing stock supply through special incentives to the affordable segment. He further added that the reported figure of unsold housing [...] 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 »
Taking a good initiative, Confederation of Real Estate and Developers’ Associations of India (CREDAI) has come forward to contribute its support to Mangalore City Corporation (MCC) against malaria. CREDAI has agreed to provide vehicles fitted with GPS. Each vehicle with six personnel will visit construction sites and monitor it for conditions that allow mosquito larvae [...] Continue Reading »
CREDAI has announced that it will fund 31 disabled people for house construction purpose in delhi region. CREDAI-NCR would help Habitat for Humanity India and Madok Foundation in developing these houses at Mundka and Bahadurgarh area. The project involves low cost disabled- friendly houses for 31 identified families, said CREDAI-NCR in a statement. According to [...] Continue Reading »
In order to save water, members of the Confederation of Real Estate Developers Associations of India (Credai), Pune Metro have decided not to use drinking water at construction sites. A circular has been issued to the members informing them about the water crisis resulting from insufficient rainfall along with techniques to save water by Satish [...] Continue Reading »
Mangalore has witnessed slump in the residential property sales in the recent past. June-July month has seen a grave dip in the bookings. The slump seems due to reluctance of non-resident Indians to invest in property in Mangalore, , to invest in the properties here. Usually the NRIs account for 55-60 per cent of the [...] Continue Reading »
