National Real Estate Development Council
The National Real Estate Development Council (NAREDCO) has said that construction costs have risen steeply at present. This northward going going price is due to the increase in the rates of cements. Real estate developers say that cement manufacturers have hiked the price of cement to nearly Rs 100 per bag which is a hike [...] Continue Reading »
Pradeep Jain the Chairman of the Confederation of Real Estate Developers’ Association of India (CREDAI) and chairman of Parsvnath Developers reported saying that they were not expecting in sales during the festive season. However the good buying in the festive season is the main mantra, but these rate increases have resulted in the cost of funds [...] 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 »
Higher interest will push up monthly installments for home loans for existing as well as new home buyers. The National Real Estate Development Council (Naredco) expects interest rates on housing finance to increase to 10.5 per cent for loans up to Rs 30 lakh and 11 per cent or more on loans above Rs 30 [...] Continue Reading »
