Latest Realty News

Flood effect: Realty sector hit as workers in short supply
Oct 30, 2013
BHUBANESWAR: Realtors are keeping their fingers crossed about the impact cyclone Phailin and the subsequent floods are likely to have on the real estate sector.
Uncertainty over Navi Mumbai airport impacts Ulwe’s real estate
Oct 30, 2013
MUMBAI: The state of uncertainty over the proposed Navi Mumbai International Airport has put the real estate market at Ulwe node, in shambles. It is mainly on the back of this project, home buyers have been showing interest in the area but now that there have been talks to scrap the project, there is a reason for property buyers to get jittery.
CREDAI chief warns of stagflation
Oct 29, 2013
MUMBAI: Appreciating the RBI concern over checking inflation, realtors’ apex body CREDAI Chairman, Lalit Kumar Jain has cautioned the central bank and the government against stagflation
Urban mess floods real estate hub
Oct 27, 2013
BHUBANESWAR: Raghunathpur near Patia is fast gaining the notoriety of Sundarpada, which is infamous for waterlogging at compounds of highrises and apartments due to unplanned construction.
22nd property expo comes to an end
Oct 22, 2013
MUMBAI: Deepak Vasantrao Kesarkar – Member of Legislative Assembly, Govt of Maharashtra visited the MCHI-CREDAI 22nd Real Estate and Housing Finance Exhibition earlier today.
22nd Real Estate & Housing Finance Exhibition begins in Mumbai
Oct 18, 2013
MUMBAI: The Maharashtra Chamber of Housing Industry, a member of the Confederation of Real Estate Developers’ Associations of India (MCHI-CREDAI), today opened doors to the 22nd Real Estate and Housing Finance Exhibition in Mumbai from 17th – 20th October, 2013.
Credai selects land for low cost housing projects
Oct 07, 2013
BHUBANESWAR: The Confederation of Real Estate Developers Associations of India (Credai)- Odisha chapter has identified about 20 acres of land for developing low cost housing projects.
Housing to get costlier on 30% hike in cement prices
Sep 27, 2013
MUMBAI: After witnessing a price correction in all major markets owing to sluggish demand, cement prices have increased by over 30% in a month to Rs 275 for each 50kg bag. With the trend expected to continue, a cement bag is likely to cost over Rs 325 this festive season, hitting the ailing realty sector and making it costlier to purchase that dream home.
CREDAI chief worried over possible ‘cement cartels’
Sep 26, 2013
MUMBAI: With prices of cement suddenly going sky high, developers apex body CREDAI Chairman Lalit Kumar Jain, expressed his concern and said he believes a cement cartel is active. Jain, who is also the CMD of Mumbai-Pune developer Kumar Urban development Ltd (KUL) said CREDAI will consider to file a complaint with CCI against the continuous price hike as this creates pressure on developers to increase sale price of homes.
Top builders sitting on Rs 58,000-cr inventory
Sep 23, 2013
MUMBAI:India’s top builders seem to be sitting on a huge unsold real estate inventory, worth nearly Rs 58,000 crore, which could take more than two years to sell, a Business Standard analysis of 19 listed realty firms on the BSE-500 index shows.
‘Satellite townships will help de-congest urban areas’
Sep 21, 2013
HYDERABAD: With the urban population going up each passing year, there is a need to focus on de-centralised growth of cities by setting up satellite townships, according to experts.
Bangalore: Credai property show
Sep 21, 2013
BANGALORE: Confederation of Real Estate Developers’ Associations of India (Credai) Bangalore to hold its two-day realty expo 2013 on September 21 and 22 at Kalyani Kala Mandir (opposite IIM Bangalore) on Bannerghatta Road. According to S Suresh Hari, Secretary, Credai-Bangalore, this the third in the series of property show being held in the city.
Non-resident Gujaratis wary of investing in realty sector
Sep 20, 2013
AHMEDABAD: Contrary to the belief that the depreciating rupee will bring in investment from non-resident Indians (NRIs) into the real estate industry, Gujarat has seen up to 50% decline in investment by global Gujaratis this year from three years ago.
How realtors lost the plot
Sep 19, 2013
MUMBAI: Their sales have slowed down and they have a mountain of debt to repay. And that is forcing real estate developers to sell non-core assets and look for other ways to raise money.
Home prices could drop
Sep 19, 2013
MUMBAI: Real estate developers are realising that they cannot hold on to inventory forever. Until now, they had shied away from lowering prices, but now, they will have to book sales to gain some liquidity.
CREDAI to set up skill training centre for construction workers
Sep 18, 2013
BHUBANESWAR: The Odisha chapter of Confederation of Real Estate Developers Association of India (CREDAI) has decided to set up a skill training centre in the city to address the shortage of the skilled manpower in building construction.
State to witness 6000 affordable houses soon
Sep 17, 2013
BHUBANESWAR: To meet the ever increasing demand of affordable houses, Credai­ Orissa, a body of real estate developers, is considering con­struction 0f 5,000-6,000 houses for lower and middle income groups in the next 2-3 years.
Realty portals push many property brokers out of business
Sep 11, 2013
BANGALORE/NEW DELHI/MUMBAI: Falling home sales and rising competition from real estate portals has pushed many traditional property brokers out of business while forcing others to work on wafer-thin margins.
Nationalized banks return to fund Noida Extension projects
Sep 10, 2013
DELHI: The Greater Noida Authority is upbeat that the Greater Noida (West) region, formerly Noida Extension, is slowly being removed from the blacklist of banks and they have started showing interest in backing buyers who want to invest in projects in the region. After the land row in 2011, banks had stopped financing such projects due to fears of land acquisition being quashed by the courts.
CREDAI chief pins hopes on new RBI Governor
Sep 07, 2013
MUMBAI:Welcoming the new RBI governor Mr. Raghuram Rajan, developers’ apex body CREDAI Chairman and CMD Kumar Urban Development Ltd Lalit Kumar Jain appealed to him to adopt a consultative process with all stakeholders before making any major policy decisions relating to real estate
Big extension to houses will need new power line in Chennai
Sep 07, 2013
CHENNAI: All low tension power consumers wanting to extend their houses by more than 2,000 sqft will now have to get new power connections for construction activity. Tamil Nadu Electricity Regulatory Commission (TNERC) on September 3 ordered that house owners should not use their existing connections for construction purposes.
‘NHB data on Hyderabad realty do not reflect ground situation’
Sep 06, 2013
HYDERABAD: The Confederation of Real Estate Developers’ Associations of India (Credai) today said that the recent report by the National Housing Bank on real estate price fall of about 4.5 per cent in Hyderabad does not reflect the actual situation.
Hyderabad's realty sector set for recovery
Sep 06, 2013
HYDERABAD: The spiraling rate of the dollar coupled with modest pricing is likely to attract NRI investment to the city's real estate sector in the near future, said representatives from the industry on Thursday.
RBI should have consulted stakeholders before disbanding 80:20: CREDAI
Sep 05, 2013
DELHI: “Reserve Bank of India issuing circular on disbanding current practices, should consult stakeholders before issuing such circulars,” says Lalit kumar Jain, Chairman, CREDAI.
Credai against linking of home loans to construction stages
Sep 04, 2013
MUMBAI: Criticising the Reserve Bank's decision to link disbursal of home loans to stages of construction, real estate apex body Credai said the move will harm developer sentiment and disturb business plans.

Latest Realty News Of State

Realty Talk's