CREDAI
After a lot of issues regarding the groundwater usage by the developers of the Noida, the Noida authority has now forced the builders to get no objection certificate from the central groundwater authority( CGWA) to get their building plans sanctioned. It is made mandatory for the builders who are constructing projects including residential, commercial, institutional [...] 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 »
With the Union Budget in the pipeline, developers have sent their wishlist to the Finance Minister to be included in the upcoming budget. The real estate developers’ body CREDAI has demanded for an inclusive housing policy and tax incentives. Presenting an inclusive housing policy, the developers’ body also demanded for housing sector to be accorded [...] Continue Reading »
New Delhi- For better development of real estate of India, it is necessary to improve the housing policy of India, says Confederation of Real Estate Developers Association of India (CREDAI). CREDAI said that it is very important for every nation to focus on its housing sector for the sake of development of economy. Improving the [...] 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 »
The Real Estate Regulatory Authority Bill will be introduced before the parliament during the Budget session, said Ajay Maken, Housing and Poverty Alleviation (HUPA) minister. However, the proposed bill faced objections from real estate bodies and industry pressure groups. Realty bodies like CREDAI and NAREDCO have opposed the real estate regulatory bill stating that the [...] Continue Reading »
New Delhi- One of the key ideas to increase the gross domestic product (GDP) growth in India are the reforms in the real estate sector. As per an official of a real estate association, the tax reforms and the steps to cater the low cost funds via external commercial borrowings will result in an increased GDP [...] Continue Reading »
Bangalore- With the approval of proposed land acquisition bill, the property prices in India are likely to increase, estimate real estate experts. The land prices and house rates are expected to increase and this is not a good progress for the real estate sector, alleged Lalit Kumar Jain, National President of Confederation of Real Estate [...] Continue Reading »
The Confederation of Real Estate Developers Association of India (CREDAI) supporting the suggestion of Finance Minister P Chidambaram’s has asked to reduce the property prices of housing stock to its members of Punjab. The members who are against the move said that developers are already selling these inventories at low prices. However developers explained this by stating the [...] Continue Reading »
To encourage growth in the real estate sector, Confederation of Real Estate Developers’ Associations of India (CREDAI) has sent a letter to MPs to look into this matter. CREDAI national president , Lalit Kumar Jain requested in this letter to focus more on housing sector which will not involve any cost and problems. Letter also [...] Continue Reading »
