Latest Realty News

BWSSB shuts valve on 90 real estate projects
Dec 09, 2013
BANGALORE:Commencement of at least 90 real estate projects in the newly added areas of the Bruhat Bangalore Mahangara Palike (BBMP) have been affected following the delay in the Bangalore Water Supply and Sewerage Board (BWSSB) issuing no objection certificate (NOC) .
Reforms in real estate sector to boost FDI, says Credai
Dec 07, 2013
BHUBANESWAR: Reforms in the real estate industry, such as bringing in more transparency and setting up of regulatory body, would boost foreign direct investment (FDI) in the sector by at least 20 times, said Confederation of Real Estate Developers' Association of India (Credai).
Kerala should model Singapore: Credai
Dec 07, 2013
KOCHI: Amid rising shortage of ready-available land for realty and construction projects, Kerala could look at places like Singapore for a model in housing development, said S N Raghuchandran Nair, chairman of the Kerala chapter of Confederation of real estate Developers' Association of India (Credai). He was talking to the reporters in Kochi on Thursday after announcing 'Credai Conclave 2013', to be held in Delhi on December 13 and 14. The conclave will focus on the theme 'Housing: the game cha
Indore realtors flay new real estate law
Dec 06, 2013
INDORE: Realtors want some amendments in the Real Estate Regulation Act (RERA). Though the Act was being introduced by the government on the demand of the industry itself, they believe that the Act, if implemented in its present form, will not serve the purpose on several counts.
Only a few states follow good property registration procedures: G Shyam Sunder
Dec 05, 2013
CHENNAI: G Shyam Sunder, a Chennai-based advocate, has travelled to 18 states in India to compile the different procedures and practices followed in the registration, revenue and town and country planning department. In his book titled 'Property Registration, Land Records and Building Approval Procedures Followed in Various States in India', Shyam Sunder points out to the benefits of standardising procedures. Edited excerpts of his interview with ET:
Single-window clearance will cut housing cost, Pune realtors says
Dec 05, 2013
PUNE: Higher input, finance costs, non-availability of bank finance for real estate projects and exorbitant taxes are some of the problems that will be debated in the forthcoming Credai Conclave 2013, which will take place in New Delhi on December 13 and December 14.
Insufficient labour paving way for automation in construction industry
Dec 05, 2013
Uttar Pradesh: The construction industry is labour intensive and therefore, dependent on manual workers from states like Bihar, Uttar Pradesh etc. However, the industry is grappling with a shortage of these workers, mainly because of the Government providing cereals at low or no cost along with ample new job opportunities and improved conditions in their native and nearby states. This has resulted in a decrease in migrants to metro cities for livelihood and has already started affecting the cons
Governments need to be efficient to trigger housing sector growth
Dec 04, 2013
MUMBAI: Confederation of Real Estate Developers' Association of India (Credai) today said governments need to be more efficient to accelerate growth in the housing sector.
Realty sector saw 18-20% job losses in 12 months: Lalit Kumar Jain, Chairman, CREDAI
Dec 04, 2013
MUMBAI: The country's real estate sector saw 18-20% job losses over the last one year because of weakening sales and tight liquidity, according to Lalit Kumar Jain, chairman of Confederation of Real Estate Developers' Association of India (CREDAI).
‘Real estate sector has huge potential’
Dec 04, 2013
BHUBANESWAR: Focusing on increasing the potential of the housing sector in the country, the Confederation of Real Estate Developers’ Association of India (Credai) will hold a two-day national conclave with the theme ‘Housing the game changer: Leading to double-digit GDP growth’ in New Delhi from December 13.
‘Development of Kolkata will be around areas near Metro’
Dec 04, 2013
KOLKATA: Future development of the city will mostly be centred on routes nearest to the Metro Railway, CREDAI Bengal President Harsh Vardhan Patodia said here on Tuesday.
KMC, Credai solve water body disputes
Dec 02, 2013
KOLKATA: Leading real estate developers in the city have persuaded the Kolkata Municipal Corporation (KMC) to use multiple reference points to map waterbodies instead of relying solely on a satellite image taken in 2004.
Credai to hold conclave in Delhi from Dec 13
Dec 02, 2013
Against the backdrop of its continuous efforts to influence the government to take up several reform measures and policy changes, real estate body, the Confederation of Real Estate Developers’ Association of India (Credai), is holding a two-day national conference with a theme ‘Housing the game changer – Leading to double-digit GDP growth’ in New Delhi from December 13, 2013.
The biggest real estate exposition to augment double-digit growth announces
Dec 02, 2013
The Confederation of Real Estate Developers’ Associations of India (CREDAI) as an apex body today organized its regional Patna chapter at Hotel Windsor, Patna. Mr. Narendra Kumar, President, CREDAI Patna & Director, Kumar Buildcon and Dr. Anil Kumar Sharma, President, CREDAI NCR & CMD Amrapali group discussed about the CREDAI conclave 2013.
Realty body meets civic officials
Nov 29, 2013
KOLKATA: The West Bengal chapter of the Confederation of Real Estate Developers’ Association of India (CREDAI) on Wednesday met officials of the city civic body (Kolkata Municipal Corporation) to overcome regulatory hurdles and other bottlenecks regarding real estate development here.
Still waiting for that big boom
Nov 28, 2013
MUMBAI: For all the changes that the sector has seen over the last two decades, buying or building a house still remains out of reach for a majority of the population. Not that renting one is any easier.
Builders' details to be uploaded on government websites
Nov 20, 2013
NOIDA: In a move that will aid buyers in choosing legally sound projects, the Noida, Greater Noida and Yamuna authorities are planning to upload details of all builders constructing housing projects on their official websites. The decision was taken after Uttar Pradesh chief minister Akhilesh Yadav directed the authorities to ensure protection for buyers and design a route to evade property-related cheatings.
Maharashtra builders seek clarity on reserving flats for EWS
Nov 16, 2013
PUNE: The Maharashtra chapter of the Confederation of Real Estate Developers Association of India (Credai) on November 14 welcomed the state government’s notification stipulating reservation of 20% flats for economically weaker sections, in schemes on one acre land, but said the government resolution needed more clarity.
‘Not enough policy support for real estate’
Nov 16, 2013
CHENNAI: The real estate sector is not getting adequate support from banks and policy makers despite its contribution to economic growth, according to Lalit Kumar Jain, Chairman, Confederation of Real Estate Developers Association of India (CREDAI).
Builders rely on low cost houses to revive market
Nov 09, 2013
BHUBANESWAR: Real estate developers in the city are targeting affordable housing to revive the sluggish real estate market.
Property Exhibition opens
Nov 09, 2013
BHUBANESWAR: Affordable housing is the major highlight of the three-day property expo which was inaugurated by Housing and Urban Development Minister Debi Prasad Mishra at Janta Maidan here on Friday.
Real estate lobby demands changes in Land Reforms Act
Nov 09, 2013
BANGALORE: The Karnataka chapter of real estate body The Confederation of Real Estate Developers' Associations of India (CREDAI), has asked Karnataka to make changes to the recently-announced Karnataka Land Reforms Act.
Festive season brings relief to real estate, automobile market
Nov 04, 2013
NASHIK: At a time when the industrial and real estate sectors have been facing economic slowdown since the last two years, the festive season from Dussehra to Diwali brought relief to real estate and automobile sectors. From October 5 to November 3, these sectors generated business worth over Rs 300 crore in the city.
Ground realty: Low interest in real estate
Nov 01, 2013
DELHI: When the Indian Grand Prix was launched at the Buddh International Circuit (BIC) near Greater Noida in 2011, there was a lot of buzz in the realty market in the region. Two years down the line, the initial sheen seems to be fading, at least for the time being. This, despite the fact that the region has seen an appreciation of up to 30% in prices even after a slowdown in the sector.
Rate hike to dampen housing demand in festival season: Realtors
Oct 31, 2013
DELHI: Real Estate companies today expressed disappointment over the RBI's decision to hike the short-term lending rate, saying this could hurt economic growth and adversely impact property demand in the ongoing festival season.

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