realty sector in india
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 »
Banks are the major source of funds for the realty sector in India. Due to steady downfall in demand, the real estate companies were not able to repay their bank loans. In a report submitted to the Lok Sabha, it is reported that almost 7 lakh crore of bank loans are still to be paid [...] Continue Reading »
It is recorded that the Index of Industrial Production (IIP) fell 3.5% in March-2012. The market is surprised by this broad slowdown across industry groups as the IIP had expanded by 4.1% in February. The Union government of India has withdrawn the 1% TDS on transfer of immovable property that was proposed in the Union [...] Continue Reading »
The national conference of Confederation of Real Estate Developers’ Associations of India (CREDAI) will start at Pune on Wednesday. More than 120 builders and developers from the country will assemble at the two days conference. According to the organizers the conference will start with a keynote address by JR Tanti, MD of Synefra Engineering and [...] Continue Reading »
Real estate is not recognized as an industry, though it is second highest in generating employment through the country. It is also reported hat 5% of the GDP of the country is coming out from this sector. Though it is true that this sector promotes different other industries, real estate is still not considered as [...] Continue Reading »
