Housing sector
New Delhi- Owing to delay in initiating projects, prices of properties in India have shot up by 40 percent, reports Economic Survey 2013. Before the construction activity of a project has to be started, the builder of the project has to complete 34 procedures to get clearances which would take at least six months time [...] Continue Reading »
Delhi-NCR- The prices of properties, particularly in NCR, are about to witness a downfall in the near future, presume National Housing Bank (NHB). Along with this, 20 percent growth is expected in the residential sector during the current financial year against 17 percent in the last fiscal. Many cities including NCR region have observed fall [...] Continue Reading »
New Delhi- Housing sector is likely to gain infrastructure status with the upcoming Budget. This will boost the sector by providing easy access to funds and consequently increasing the availability of houses. Infrastructure status for the housing is a long pending demand. In 2012, the Ministry of Housing and Urban Poverty Alleviation (MHUPA) pushed for [...] 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 »
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 »
With almost all the cities coming up with property shows, the latest one is by Andhra Pradesh Real Estate Developers Association. This property show is the third edition in Hyderabad and will be held on November 10 and 11. Along with other items the property show will include a conference on ‘Real Estate which will focus on accelerating [...] Continue Reading »
Due to the inventory build-up in certain areas in the city, it was stated by the National Housing Bank (NHB) that there might be certain amount of price correction in the housing sector. The projects which are unsold due to the high price perception will witness price correction simultaneously to the current reduced revision in the housing loans, announced [...] Continue Reading »
Union secretary for financial services D K Mittal has reportedly asked the Confederation of Real Estate Developers Association of India (Credai) to conduct a survey of unsold housing stock across the country. The initiative was taken at a meeting which was attended by representatives of both banking industry and developers. The step comes in the [...] Continue Reading »
Real estate major Unitech Ltd registered decrease in sales by 31 per cent in Q1 as compared to the year-ago period. While the company sold properties worth Rs 701 crore during the first quarter of this fiscal, they had registered a sales booking of Rs 1,020 crore during April-June quarter of last fiscal. Unitech sold [...] Continue Reading »
Good news emerge for economically weaker section as National Housing Bank (NHB)has slashed its refinance rate by up to 100 basis points for home loans not exceeding Rs 5 lakh. NHB said it has reduced the rate to promote affordable housing finance for low income people in urban areas. It has been pondering schemes for [...] Continue Reading »
