Union government
The NaMo government is planning to give the gift of infrastructure on the independence day of India this year. Stalled highways projects worth Rs 1, 80,000 crore will be rolled out in a month’s span after sorting out hurdles like delays in land acquisition and green nods. Road transport and highways minister Nitin Gadkari mentioned [...] Continue Reading »
At a meeting in New Delhi earlier this week, the Union Government gave an in-principle approval to the signing of an MoU which will pave the way for setting up of Chinese industrial parks in India. According to the information shared by Jagat Shah, Secretary-General of the China India Trade and Investment Centre (CITIC), the [...] Continue Reading »
Chandigarh- The upcoming developmental works related to the Chandigarh Municipal Corporation and UT department will face many problems if house tax is not paid on residential projects. Union government informed UT department about not granting any amount if there is non implementation of house tax. Knowing this Shivraj Patil, UT administrator and Punjab governor also demanded [...] Continue Reading »
CREDAI, the realty developers apex body was quite unhappy and resented against the Union Government’s decision of proposing the mandatory reservation of 35% of dwelling units built for the economically weaker sections (EWS). The CREDAI memorandum addressed to Union Minister for Housing and Poverty Alleviation, Mr Ajay Maken that such a drive without any incentives to the developer community will only burden [...] Continue Reading »
D.K. Mittal, Secretary – Ministry of Finance (Banking & Insurance) has assured Confederation of Real Estate Developers’ Association of India (CREDAI)‘s Chairman Pradeep Jain that Union Government will look into reducing the cost of funds for real estate developers. It is a welcome sign from the finance ministry to the real estate developers that the [...] Continue Reading »
The high power expert committee (HPEC) in its report to the union government has recommended that the property tax system in the country should be rationalized. Property tax should be retained as a general benefit tax, and its components such as water tax and sewerage tax should be replaced by appropriate ‘user charges’, recommended the committee. It also recommended [...] Continue Reading »
According to the recently released ‘White Paper on Black Money’ by the Union government, real estate is the highest contributor to the total black money generated. Depending on the parties involved and the transaction type, the ‘black money rolling’ percentage within the sector is much higher at around 30 per cent. On an average, the [...] Continue Reading »
In the two days conference at Pune the Confederation of Real Estate Developers’ Association of India (CREDAI) has planned to send an application to the union government. CREDAI also decided to go for a all India strike to let others know about the concerns facing by the realty sector. The association wants to follow the [...] Continue Reading »
The Dadri wetlands in Greater Noida which has been shelter for nearly 200 species of rare birds now it has been acquired for private construction. It is a shameful act upheld by both the private developer as well for the Chief Conservator of Forests for being responsible for damaging the environment. There are complaints in [...] Continue Reading »
Prithviraj Chavan, in Pune reported saying that his state do not have a proper trace as to which kind of land is being acquired by the slum areas and also he said that, the hilly areas should never come under the survival of slum dwellers as those are the only environment filled places in the [...] Continue Reading »
