CREDAI
As many as 19 special teams have been constituted by the Chennai Metropolitan Development Authority (CMDA) to carry out an inspection of nearly 330 multi-storeyed buildings in the city. According to unidentified sources familiar with the move undertaken by the CMDA, each of the 19 special teams will have three officials from different fields. The [...] Continue Reading »
After the bifurcation of the state of Andhra Pradesh and formation of Telangana, the Telangana Government is planning for measures to give boost to the real estate and other construction projects. A single window clearance system will reduce red-tapism, enhance visibility and speed up the projects. Speaking at a real estate event Gruhapravesham, the first property [...] Continue Reading »
On Monday in New Delhi the realtors body CREDAI (The Confederation of Real Estate Developers Association of India) sought tax incentives on development of affordable housing projects and interest rate reduction on home loans to below 7 % while expressing their pre-budget wish list. Single-window clearance for the real estate projects to reduce red tapism and [...] Continue Reading »
Real estate developers and investors have hiked the values of their property in the region between Vijayawada-Guntur-Tenali-Mangalagiri (VGTM), which is likely to be named the new capital of Seemandhra. In the last three months, property values in the VGTM region have increased more than two times; thanks largely to the increasing demand for property in [...] Continue Reading »
Realty players in the four South Indian states have threatened to stall all construction work from July, as a mark of protest against the hike which cement manufacturers announced in cement costs earlier this month. Apprising the reporters about the ‘stop-construction’ action which real estate players in southern states are planning to take, Ajit Chordia [...] Continue Reading »
At a recent meeting of the governing body of CREDAI Karnataka in Bangalore, some key issues were discussed, including the arbitrary increase in cement prices which the Cement Manufacturers Association (CMA) has announced. With the CMA having hiked the cement price from Rs 255 to Rs 315 per bag, CREDAI Karnataka President R Nagaraj said [...] Continue Reading »
A total of 5,44,870 buildings and construction workers have been registered in the recent past. This data is up to May 31, 2014 and under the Building and Other Construction Workers Act, 1996 registration process is a mandatory process of all the construction companies. A division bench headed by Chief Justice D H Waghela has posted [...] Continue Reading »
Confederation of Real Estate Developers‘ Associations of India (CREDAI) is demanding a pro-growth outlook in the policy rates. RBI (The Reserve Bank of India) today announced that the amount of deposits that banks are required to park in government securities will be reduced and unlocked about Rs 40,000 crore of funds. However since the key rates remain [...] Continue Reading »
In the opinion of the developers and builders in Pune, the weakening realty sector is apparently set for a much-needed turnaround, provided that the Narendra Modi-led new Government at the Centre announces some immediate policy moves. According to the Pune developers and builders, the most important expectations from the new Government are a lowering of [...] Continue Reading »
On 53 leading builders of the city, Madhya Pradesh Pollution Control Board (MPPCB) has slapped show cause notices for violating green norms. Environmental clearances as required under the Environment Impact Assessment notifications issued by Ministry of Environment and Forests (MoEF) were not taken by any of the builder. An MPPCB official said that these notices [...] Continue Reading »
