Real Estate Developers
The rating system would entail the real estate developers to disclose many things. They would have to reveal the exact source of funding for all their projects and also the completion rate of the project every year. Builders turn ferocious against such grading system. This act came into power in the beginning of this year, [...] Continue Reading »
The Confederation of Real Estate Developers’ Associations of India (Credai), state unit, come forward demanding an increase in the project sizes that need environment clearances. As per their needs, the size should be increased from the current 20,000 sq. m to 1 lakh sq. m. The chief minister Devendra Fadnavis and the Union environment minister, [...] Continue Reading »
Indian realtors are adopting innovative marketing strategies to reduce their piling on inventory. The Indian real estate market is experiencing a slowdown currently and the inventory of many realtors has piled on. It is important to clear unsold inventory as existing customers must be retained as realty investors tend to exit projects which do not [...] Continue Reading »
A consumer forum in New Delhi has compelled the Durga Builder Pvt. Ltd, a real estate firm, to pay compensation money of 4 Lakh to agitated customer for having unfair business means. Durga Builder, a Delhi based real estate firm is asked to pay 4 Lakh to a woman who resorted to consumer forum after [...] Continue Reading »
The real-estate developers Omkar Realtors & Developers and V Raheja Group have come together in a joint venture in order to construct a luxury residential project on a stretch of 7.5-acre land parcel in the city of Mumbai. The V Raheja Group, who owns the plot that is located on the Western Express Highway at [...] Continue Reading »
At a time when issues over land acquisition have stalled several infrastructure projects across the country, the UP government has included certain provisions to its Integrated Township Scheme, which are expected to benefit both developers and farmers. According to the new policy, real estate developers can partner farmers to develop projects under this scheme. They [...] Continue Reading »
Real estate developer Navin’s is considering the franchising model to expand its operations outside Chennai. It has completed 100 projects across the city, and is drawing up the strategy to build properties in Coimbatore, Trichy, Bangalore, and Visakhapatnam in the next three years. The franchising model is still at the concept stage. But that may [...] Continue Reading »
Maharashtra is all set to become the first state to have a regulator for the housing sector. It has put up a draft of the Maharashtra Housing (Regulation and Development) Rules for public comment till October 10. The tech savvy body wants to hear from the consumers what they have in their mind. After Oct 10, [...] Continue Reading »
Seeking an explanation from Haryana on the release of Gurgaon land which the state initially proposed to acquire for public purposes, the Supreme Court sought details last week of every sale deed between land owners and private builders for 1,400 acres in the district where urban residential and commercial sectors are coming up. But official [...] Continue Reading »
Smart phones have become a way of life for not only the youngsters, but the business houses too are targeting the prospective buyers using various apps. With more people socialising online than with people next door, builders are launching apps that try to connect you with your neighbours. This trend sounds funny but is true. [...] Continue Reading »
