Developers
The developers in Surat have adhered to the regulations passed by the Union environment ministry. However to Surat Municipal Corporation (SMC) dismay that many have been found not to have neither applied for the No Objection Certificate (NOC) nor have fulfilled the provisions of green open area in their projects, reported saying Anil Pate the head of Surat [...] Continue Reading »
APREDA property show 2011 will be held in the Hyderabad and promises to be bigger and better property show compared to APREDA property show 2010. APREDA property show 2011 in Hyderabad will be held at Hyderabad International Trade Expositions Ltd (HITEX), India’s top destination for International Exhibition. Andhra Pradesh Real Estate Developers Association (APREDA) has come [...] Continue Reading »
Property developers seem to have taken the tech-route of social media platforms in order to promote their properties and subsequently lure customers. Developers unanimously agree that along with real estate specific platforms like commonfloor and other social networking sites such as Facebook, Twitter and You Tube have tremendous potential to generate business. There are reports confirming [...] Continue Reading »
Noida Authority has come to a mandatory conclusion for the builders and the developers to get consent from allottees if the builders want to make changes in their layout plan. Regular complaints concerned unwarranted changes are carried out by the developers in the layout of a housing plan. The Noida Authority has come forward to [...] Continue Reading »
Many builders are finding it difficult to service loans-the combined debt of the top eleven listed real estate firms is 38,500 crore. In such a gloomy scenario, builders sharing resources-man, machine, land and finances-would help control costs and keep a check on inventory. Few builders have decided to build joint projects using one builder’s land [...] Continue Reading »
Haryana Urban Development Authority (HUDA) to get roads of better quality at several locations. Officials said that about 26km of city roads would be covered under this initiative. The special repair design is aimed at the roads’ longevity as it would include their maintenance for five years, which will be part of the tender document. [...] Continue Reading »
Confederation of Real Estate Developers Association of India (CREDAI) opposed the Real Estate Regulation Bill 2011 to form a regulatory body stating that it would become a “breeding ground for corruption” if implemented. The Centre proposed the regulatory body to protect home buyers from fly-by-night developers. CREDAI further questioned the formation of any regulatory body [...] Continue Reading »
Real estate analysts maintain that the prices have started softening in Delhi as well as peripheral urban areas like Chandigarh, Mohali and Panchkula. But developers refuse to believe that the prices would come down in the periphery as the prices are “rational” in the peripheries. Amit Jain from Premium Acres said, “Prices have started coming [...] Continue Reading »
Various projects of large and well-known developers stretching from Greater Noida to Gurgaon are under the scanner of Belaire Owners’ Association after Competition Commission of India (CCI) slapped a penalty of Rs 630 crore on DLF for “unfair trade practices” and “abuse of market dominance”. According to the builder-buyer agreement in the Belaire case: “The [...] Continue Reading »
Subodh Kumar’s new Development Control Rules (DCR) proposals will allow developers to build an extra 25% above the sanctioned FSI in a residential project, for which they will be charged 100% premium. For commercial buildings, the BMC will allow 15% additional built-up area and charge a similarly hefty premium. In a joint statement issued exclusively [...] Continue Reading »
