CREDAI bats for realty reforms with Girija Vyas
More importantly a single window system for all clearances will facilitate quick approvals and speedy execution of projects
Jun 24, 2013
Source : The Times of India

 

DELHI: Praising the Union Government’s efforts towards real estate reforms, realtors’ apex body Chairman Lalit Jain expressed the hope that the new Housing and Urban Poverty Alleviation Minister Ms. Girija Vyas will continue with the unfinished task of her predecessor Mr Ajay Maken.


“Mr. Maken appreciated the issues faced by the housing sector’s and agreed to our suggestion to accord the status of infrastructure to real estate to facilitate speedy progress to realise the government’s mission – Housing For All,” Mr. Jain, who is also the Chairman and Managing Director of Mumbai-Pune realtor Kumar Urban development Limited, said.

“We are confident that the new minister Ms.Vyas will continue to pursue the various issues like affordable housing with the concerned departments,” he said welcoming her appointment as the HUPA Minister in the Union Cabinet.

CREDAI has taken up the real estate reforms as a mission and suggested to the governments to accord the status of infrastructure to the sector, and introduce four-fold reforms – land, administrative, banking and labour – so that India emerges as a housing surplus nation.

CREDAI shared the general concern over rising cost of housing, Mr. Jain said and pointed the reforms should ensure that the prices are under check. “More importantly a single window system for all clearances will facilitate quick approvals and speedy execution of projects,” he said requested the Centre to issue guidelines to all States to this effect.

CREDAI will shortly seek appointment with Ms. Vyas to take up the issues on behalf of the home buyers.

Latest Realty News

CHD Developers launches its Headquarters-CHD Sky One
Jun 24, 2013
DELHI: NCR will soon witness its own symbolic building, as CHD Developers Ltd., one of northern India’s most renowned developers are set to launch its headquarters ‘CHD Sky One’ in Dwarka Expressway. Poised to be an iconic building of India, Sky One will change the skyline of Dwarka Expressway with its stunning international design, setting a benchmark like no other.
Realty check: Major developers too picking up buyers’ interest tab
Jun 23, 2013
DELHI: To clear the stock of unsold homes, real-estate developers are willing to wait for 80 per cent of a property’s cost as long as the buyer is ready to pay 20 per cent upfront.
Loans for home buyers, builders to get cheap
Jun 23, 2013
MUMBAI:In order to give a fillip to the housing sector at a time when the economy is facing a slowdown, the Reserve Bank of India on Friday announced two measures that will increase flow of bank credit to builders/developers and individuals buyers.
Weak rupee draws NRIs to Indian realty
Jun 22, 2013
DELHI: Rupee depreciation may be bad news for the Indian economy, but not so for the non-resident Indians scouting for property back home. Cashing in on the opportunity to buy residential units cheaper by up to 20%, NRIs are queueing up big time.
Property show in Ahmedabad
Jun 22, 2013
AHMEDABAD: Providing a platform to bring together developers, prospective buyers and investors, financial institutions and banks, Indiaproperty.com, leading real estate portal, will organize a two-day property show in Ahmedabad from Saturday.
Middle class chasing elusive dream of buying affordable homes
Jun 22, 2013
PUDUCHERRY: Rapid unplanned development and high real estate prices, triggered by a boom in migrant population, has left the middle class in this former French colony chasing an elusive dream of finding affordable homes.
Home prices inflated; aggressive lending dangerous: Deepak Parekh
Jun 22, 2013
DELHI: Terming the home prices as highly inflated in the country, including in smaller cities, industry leader Deepak Parekh on Friday asked builders to focus on affordable housing, rather than luxury homes, and said it is a dangerous thing to lend aggressively to developers.
South Mumbai property rates crash 30% as buyers miss the ‘view point’
Jun 22, 2013
MUMBAI: Marquee apartment buildings in south Mumbai with views to die for (of the sea, the Queen's Necklace, the Race Course) fetched its owners unheard-of prices till a few years ago. But not any more as new apartments which tend to block the views are depressing property values by up to 30%. The art deco Kamal Mahal, which was once the home of the Ambani and Godrej families, on Carmichael Road now has the high rise Imperial Towers by Shapoorji Pallonji on its east side blocking the view reside
Realty in Sithalapakkam rides on connectivity
Jun 22, 2013
CHENNAI: If you are looking for a residential area in Chennai that not only offers an affordable price range but also commendable connectivity to other parts of the city, Sithalapakkam is a good bet. The locality is a suburb of south Chennai and is placed between two lakes and a hill promising pollution-free surroundings. Rajesh Katariya, proprietor Katariya Estates says, “After Medavakkam, which is close to IT hubs and SEZ area, Sithalapakkam is the area that is best for residential use.” P
Sainikpuri: A favoured residential destination
Jun 22, 2013
HYDERABAD: Lying in the north east zone of the State, Sainikpuri was originally a residential area preferred by retired army personnel. Today, it is considered, one the upcoming premium residential localities undergoing major real estate transformation.

Latest Realty News Of State

Realty Talk's