Real estate in India
To reward the excellent performances in the Real estate industry, the premier Hindi Channel CNBC AWAAZ , CRISIL- India’s leading ratings company and CREDAI – The Confederation of Real Estate Developers’ Associations of India the apex body of private real estate developers in India have joined forces for Real Estate Awards 2010 – India’s Biggest [...] Continue Reading »
Urban development minister Kamal Nath addressing the 11th National Conference of Credai (Confederation of Real Estate Developers’ Association of India) in Singapore, admitted that the government has not responded to the tremendous growth in the real estate sector in the last one decade appropriately. Kamal Nath admitted that the government didn’t respond well to real [...] Continue Reading »
Real estate in India likely to rebound within two years, according to Macquarie Group. India’s real estate stocks have attractive valuations after plunging 83% from their peak and are likely to rebound within two years. The Bombay Stock Exchange’s 14-stock Realty Index has dropped from its peak in January 2008, while the benchmark Sensitive Index [...] Continue Reading »
The Enforcement Directorate (ED) to attach properties of Unitech wireless and Swan Telecom allegedly involved in 2G scam . ED presented a fresh status report, giving the Supreme Court, an updated account of its investigation. The ED has told the Supreme Court that it will ‘attach’ the properties of companies within 2 months. “The properties [...] Continue Reading »
The Greater Hyderabad Municipal Corporation (GHMC) to collect surcharge and other taxes in colonies where new development works will be taken up under Total Infrastructure Program (TIP). The works would be taken up in new colonies in surrounding municipal circles with a loan of Rs 600 crore proposed to be taken from various financial institutions [...] Continue Reading »
Mumbai and the outskirts of the city has seen an 11% growth in rental value in the past year. The figure for Bangalore, Pune and Delhi has shot up by 13%, 11% and 9% respectively. The rent in South Mumbai had gone through the roof. It is still unaffordable. So, people are shifting towards the [...] Continue Reading »
As land and house prices soar in Bhubaneswar, cases of cheating by realtors are also on the rise.The Orissa chapter of the Confederation of Real Estate Developers Association of India (Credai) launched a grievance redressal cell to help solve the problems of customers. The association believes this grievance cell would help to provide a fair [...] Continue Reading »
The Confederation of Real Estate Developers Association of India (Credai) has decided to make it mandatory for all members to mention carpet area in their brochures and sales agreement. The move aims at bringing transparency in the sector. Confederation of Real Estate Developers’ Association of India (Credai), which has over 10,000 builders as member across [...] Continue Reading »
Amid higher costs, slow demand and regulatory hurdles, many builders in the country’s hottest property market-Mumbai, are inserting new clauses to palm off some of the uncertainties to buyers. The allotment letters given to home buyers contain clauses like provisions for cost escalation, project abandonment, inability to commence construction, and also eventuality of non-disbursal of [...] Continue Reading »
Registration of property transactions has witnessed a steep decline in the capital. In nearly all districts, the sub registrar offices have seen the number of registrations come down sharply. New norms in registration of property transactions is the reason for decline in the number of registrations. The state government has made it mandatory to produce [...] Continue Reading »
