projects in India
The Confederation of Real Estate Developers Association of India (CREDAI) has decided to prevent any black money transaction in Indian real estate sector. Many people believe that real estate is the best sector where they can invest their ill-acquired money. According to CREDAI, builders are encouraging the black money in real estate to increase the [...] Continue Reading »
Realty firm Ansal Properties and Infrastructure (Ansal API) has reduced its net debt by nearly Rs 252 crore during the last fiscal on improved cash flow. At the end of the financial year 2012, the company’s net debt stood at Rs 1,209.6 crore. In the year 2011-12, Ansal achieved a sales booking of 22.70 million [...] Continue Reading »
The real estate sector in India will find it helpful for their growth as the Indian cement companies are looking at reducing the costs of cement. The cement industry has found that in last three months, higher inflation and the lower demand for property in India due to costly home loans have impacted real estate [...] Continue Reading »
The draft Real Estate (development and regulatory) Bill has suggested that every builder must maintain escrow account for customer advances and all third-party liabilities so that proper monitoring and use of proceeds is ensured in real estate projects. Last year, the Reserve Bank of India, too, asked banks to put in place an escrow mechanism [...] Continue Reading »
The rising concern about the environment in response to global warming is driving thinkers to seek some sustainable solutions and are forcing people to reconsider and amend their ways of living to become more Eco-friendly. Stepping in to the market condition, builders in India are opting the green building concept broadly to reduce the environmental [...] Continue Reading »
The Confederation of Real Estate Developers’ Association of India (CREDAI) has announced that the builders associations in India may go on a strike in October. The builders association in India wants the Government to resolve issues related to delay in sanctioning of projects in India, and to control the ever increasing price of cement and [...] Continue Reading »
After the UP government cancelled the Greenfield airport project at Jewar in Greater Noida, the property prices around Noida and Greater Noida slumped by 25 to 30 per cent. The Yamuna Expressway‘s returns were linked to a large part on the development of the airport at Jewar and the consequent traffic generated on this highway. [...] Continue Reading »
Emaar-MGF is looking at fast completion of its existing projects in India in the current financial year rather than launching new projects. The main focus of the company is on business consolidation as several of its projects are running behind the schedule and the developer is reeling from a heavy debt burden. Though some new [...] Continue Reading »
As there is no regulator in the real estate industry, the home buyers suffers a lot by the delay in project. Often builders refuses to listen to the buyers for the delay in Projects in India. To overcome the scenario, a regulatory bill is essential to enhance transparency in the real estate industry and promote [...] Continue Reading »
Water scarcity is going to be a challenge for the residents as well as for different civic authorities in India. To overcome the crisis, experts from the industry sector and real estate urged that industries and builders need to implement rainwater harvesting in projects in India. According to the experts, government must provide assistance in [...] Continue Reading »
