Latest Realty News

Land bill ignores urban concerns: Activists
Sep 03, 2013
PUNE: The land acquisition bill, passed in the Lok Sabha on August 29, has civic activists and urban planners raising concerns about it being rural-centric. They say the government has completely ignored urban land acquisition and infrastructure development concerns.
Govt reaches out to airport operators for highrises in Bangalore’s CBD
Sep 03, 2013
BANGALORE: In a bid to make Namma Bengaluru mirror the highrise culture of a Shanghai or Singapore, the state government is seeking the cooperation of Hindustan Aeronautics Limited (HAL), the operators of the city’s old HAL airport, to allow builders to go vertical. Situated in the heart of Bangalore, HAL airport issues no-objection certificates (NOCs) on height limits to developments situated approximately in a 5-kilometre radius around the airport. Until 2010, the Airports Authority of India w
Cost-push Land Bill will push back growth: CREDAI chief
Sep 02, 2013
MUMBAI: Apprehending that the home and project prices will skyrocket with the implementation of the Land Acquisition Bill, developers’ apex body CREDAI national Chairman Lalit Kumar Jain said it could at best be a “feel good “rather than a development booster.
Credai study to assess demand-supply scenario at Hyderabad
Aug 30, 2013
HYDERABAD: The Confederation of Real Estate Developers’ Associations of India (Credai) Andhra Pradesh Chapter is commissioning a study to assess the demand-supply situation in the real estate sector in the rapidly expanding metropolis of Hyderabad.
Anil Sharma, President, CREDAI(NCR) on LARR Bill
Aug 30, 2013
DELHI: Quote of Mr Anil Kumar Sharma, President, CREDAI-NCR on ‘The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2012' tabled in Lok Sabha today.
CREDAI forms five sub-chapters for speedy resolve of buyers’ complaints
Aug 29, 2013
DELHI: To facilitate quicker redressal of buyer’s complaints, the NCR body of Confederation of Real Estate Developers Association of India (CREDAI-NCR) recently formed five sub-chapters.
Builders hope to ride on rupee depreciation crisis
Aug 24, 2013
MANGALORE: The real estate and construction industries that are reeling under a crisis following Saudi Arabia's Nitaqat programme is hoping that the current depreciation of rupee against dollar will get them back on track.
CREDAI chief appeals for high power realty committee for major projects
Aug 21, 2013
MUMBAI: Citing the inordinate delay in obtaining approvals for projects that is stalling growth of the real estate sector and also the economy of the country, Lalit Kumar Jain, Chairman CREDAI and CMD, Kumar Urban development Ltd, urged the Union Government to form a high power realty committee to accelerate big ticket realty projects worth between Rs.200 Cr and Rs.1000 Cr.
‘Connectivity is critical for residential development’
Aug 16, 2013
CHENNAI: Despite the economic slowdown, there is a healthy housing demand in the suburbs, according to Sandeep Mehta, President, Tamil Nadu chapter of the Confederation of Real Estate Developers Association of India.
National Green Tribunal whammy to realty projects in Noida
Aug 16, 2013
DELHI: In a major setback to realty projects in Noida, the National Green Tribunal (NGT) on August 14 ordered the Noida Authority to stop construction work of all projects which do not have requisite environmental clearances within 10km radius of Okhla bird sanctuary. The tribunal has also directed Noida Authority to conduct a fresh survey and find out the projects falling within the radius.
Mamata Banerjee’s proposed seat change fuels hope of demand surge in real estate
Aug 14, 2013
KOLKATA: Leading city-based realtors like the Surekas, Mohtas of the Merlin Group and the South City consortium have put their real estate projects on either side of the Kona Expressway and National Highways 6 and 3 on fast track within days of Chief Minister Mamata Banerjee's announcement to move her seat of governance from Kolkata to Howrah temporarily.
CREDAI plans to move court against NGT sand mining ban
Aug 09, 2013
DELHI: Describing the National Green tribunal (NGT) populist ban in sand mining as arbitrary and anti growth , developer’s apex body CREDAI Chairman Lalit Kumar Jain, today indicated that the developer community is considering appropriate legal options to challenge the order. The nationwide stay on sand mining from river beds by the NGT adds to the ever increasing burden on the real estate industry.
Sand mining ban: Builders fear project cost escalation
Aug 09, 2013
MUMBAI: The Confederation of Real Estate Developers’ Association of India has said the ban on sand mining by the National Green Tribunal was arbitrary and against growth.
Orissa real estate market: A `reality' Check
Aug 03, 2013
BHUBANESWAR: Real estate and mining have been the sunrise sectors for the state -over the past half-a-decade. But the 'mining is in shambles now for rea­sons known to all. Quite dependent on the mining sector, the real sector has definitely faced issues due to mining slowdown. Nevertheless, the performance was still going good till a few months ago. But owing to some supply-demand mismatch the sector is going through a rough phase, if not turbulent times. Orissa Post does a reality check by talk
Real estate’s share in GDP estimated at 6.3%: Report
Aug 02, 2013
DELHI: The contribution of the real estate sector to India’s GDP has been estimated at 6.3 per cent in 2013, and the segment is expected to generate 7.6 million jobs in the same period, according to a report.
Cheaper houses to revive realty market
Aug 01, 2013
BHUBANESWAR: Realtors are banking on housing units below the Rs 25 lakh range to revive the sluggish market in the city.
Realty sector ‘disappointed’ on RBI’s status quo on rates
Aug 01, 2013
DELHI: Realtors’ apex body CREDAI on July 31 expressed disappointment over RBI’s decision to keep the key policy rates unchanged, saying that the industry was expecting relief from the apex bank to beat slowdown in property demand.
RBI keeps rates unchanged, developers disappointed
Jul 31, 2013
MUMBAI: The RBI’s decision to keep the key rates unchanged is letting the entire industry, in general, and housing industry, in particular, down considering the slowdown in the economy and the low investor sentiment in the real estate market. The repo rate or the rate at which RBI lends to the system, has been retained at 7.25 per cent and the cash reserve ratio, the amount of deposits banks park with RBI, has been kept unchanged at 4 per cent. Industry experts and developers expressed disappoin
Coimbatore property fair from August 2
Jul 31, 2013
COIMBATORE: Property fair FAIRPRO 2013 is offering property buyers keen on investing in Coimbatore a 2 to 3 per cent discount on the basic price for bookings made at the fair or during August.
Realty sector 'disappointed' on RBI's status quo on rates
Jul 30, 2013
DELHI: Realtors' apex body CREDAI today expressed disappointment over RBI's decision to keep the key policy rates unchanged, saying that the industry was expecting relief from the apex bank to beat slowdown in property demand.
P Surya Prakash appointed National President of ACCE (India)
Jul 27, 2013
DELHI: The Association of Consulting Civil Engineers (India) (ACCE (I)) today announced the appointment of Mr. P Surya Prakash as its new National President. With around 28 years of rich experience in the civil engineering sector, Mr. Surya Prakash will be responsible for the operations of ACCE (I) until 2015 and takes over from Mr. B S C Rao whose term ended in (Month) 2013.
Is affordable housing in Mumbai a distant dream?
Jul 25, 2013
MUMBAI: Developing affordable housing in Mumbai is crucial to ensure that the low-income group is not compelled to live in illegal buildings, thereby, curbing tragedies related to collapsing buildings. There are a lot of economic, regulatory and urban issues which need to be looked into for ensuring that there is enough affordable housing inventory to meet the demand. While the unavailability of urban land, rising costs of construction and regulatory issues are the supply-side constraints, lack
Proper land allotment policy is a must for realty
Jul 23, 2013
BHUBANESWAR: The real estate sector in Orissa is passing through a sluggish phase, as demand is less, and so is money circulation. Besides, real estate's association with shady chit fund companies has resulted in a trust­-deficit among customers. D S Tripathy, national joint secretary of the confederation of real estate developers' association of India (CREDAI), shares his thoughts about the present problems, the possi­bilities, and challenges ahead. As told to Raghunath Panigrahi.
Real estate regulatory bill must cover all stakeholders: CREDAI
Jul 18, 2013
DELHI: Terming real estate regulatory bill as a populist measure, realtors' body CREDAI today said the proposed law should govern all stakeholders of the industry and not only the developers.
Credai meet in Moscow from July 27
Jul 11, 2013
HYDERABAD: The Confederation of Real Estate Developers’ Associations of India, the apex body representing private Real Estate developers in the country, will host the 13th Natcon 2013 meeting at The Ritz Carlton, Moscow on July 27-28.

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