Latest Realty News

CREDAI hails AP plan for online approvals
Nov 16, 2012
Developers’ apex body CREDAI (Confederation of Real Estate Developers' Association of India) has welcomed the realty reforms initiatives like online approval of building plans and single window system launched by the Andhra Pradesh government.
Realty sector suffers slump
Nov 16, 2012
SURAT: Realty sector in the city that had been growing at an average of 10-14 per cent for the past five years has suddenly shown a reverse trend. The decrease in terms of new projects has been as steep as 40 per cent during Navratri and Diwali months. Surat Municipal Corporation (SMC) on an average has sanctioned around 353 projects every year since 2007.
Credai opposes government plan to allocate 35% housing for poor
Nov 08, 2012
NEW DELHI: CREDAI, the apex realtors' body, today strongly opposed the government's proposal for reserving 35 per cent of the housing units for poor, saying this would result in rise in prices for the middle-class people.
Visakhapatnam gives realty a booster shot
Nov 05, 2012
VISAKHAPATNAM: The ailing real estate story of Andhra Pradesh is finally on its way to recovery. And giving it the much-needed 'booster shots' is the port city of Visakhapatnam that's selling an astounding 2,000 homes every month.
‘Hyderabad property prices likely to rise in 3 months’
Nov 04, 2012
Hyderabad: Looking for a flat? Before you browse classifieds or leading real estate websites, you should read this. Builders and developers believe the next three months will be a “jackpot period” for investors and wannabe home owners.
CREDAI AP Property Show 2012, Hyderabad Inaugurated
Nov 03, 2012
Hyderabad 2nd Nov 2012 - The Confederation of Real Estate Developers’ Associations of India’s (CREDAI) mega Property Show was inaugurated today by Shri Kiran Kumar Reddy Honourable Chief Minister of Andhra Pradesh along with the Guest of Honour Shri. M Maheedhar Reddy, Minister of Municipal Administration & Urban Development.
Credai fears slew of VAT-related litigation
Nov 03, 2012
PUNE: The Confederation of Real Estate Developers Association of India (Credai), Pune Metro, said on Friday that the state government's decision to stick to its stand on the Value Added Tax (VAT) on residential properties in the state - sold during the period June 2006 to March 2010 - will lead to multiple legal cases and cause ill-will between the developers and home buyers.
Chief Minister assured to simplify procedures and extend incentives to the real state sector
Nov 03, 2012
Hyderabad, Nov. 2: Andhra Pradesh Chief Minister N. Kiran Kumar Reddy today said his Government will further simplify procedures and extend incentives to the real state sector if they ensure self-regulation and pass on benefits to consumers.
MCHI CREDAI Property Expo inaugurated
Nov 02, 2012
India’s largest real estate exposition today got off to a flying start at BKC grounds, Mumbai, featuring over 15,000 properties with over 120 developers participating. Axis bank is the co-organiser of the exhibition.
MCHI-Credai moves court against VAT
Oct 28, 2012
MUMBAI: Two days before the deadline for developers to pay value-added tax (VAT) on October 31, the Bombay high court will take up a couple of petitions challenging the levy.
Road to investment revolution
Oct 28, 2012
BHUBANESWAR: The city's fast expanding real estate, education and IT sectors are often cited as shining examples of Bhubaneswar emerging as a preferred investment destination.
MCHI-CREDAI property expo to showcase 15000 properties
Oct 25, 2012
Mumbai: Enriching the house-hunt experience, developer body MCHI-CREDAI has embarked on an ambitious four-day property exhibition from November 01, 2012 showcasing flats, bungalows and commercial offering from across Mumbai city and the Mumbai Metropolitan Region. With Axis BankBSE 1.52 %, is the third largest private sector bank in India, joining in as the co-organiser, the 20th edition of M
Realty developers expect pick-up in demand in festive season
Oct 25, 2012
MUMBAI: Despite sluggishness in the real estate sector, top developer body MCHI-Credai expects an increase in demand from buyers during the festive season on the back of new project launches and easing of funding norms by financial institutions. "Home buyers have literally been sitting on fence due to various reasons. But now prices have stabilised. With more and more new projects coming up a
Credai to set up biomedical waste treatment facility
Oct 19, 2012
KOCHI: In an attempt to get rid of the accumulating biomedical waste that is posing health threat to residents, the Kochi-chapter of the confederation of real estate developers' associations of India (Credai) will set up a biomedical waste treatment and disposal facility. This is being undertaken in association with the Indian Medical Association (Kochi) and is part of the Credai Clean City in
CREDAI NCR Property Expo inaugurated today
Oct 19, 2012
DELHI NCR: Promising to be the biggest property fair in Delhi NCR, CREDAI NCR, the apex body of real estate developers inaugrated a mega property expo for the first time.The Property Fair will continue till 21st October at Pragati Maidan – Hall No. 7 (ABC), the event promises to be an ideal platform for investors and buyers, featuring an extensive range of premium residential and commercial prop
CREDAI property show from Nov 2 in Hyderabad
Oct 17, 2012
Hyderabad, Oct 12: The Confederation of Real Estate Developers’ Association of India (CREDAI), Andhra Pradesh chapter will organise its first-ever ‘CREDAI AP Property Show’ at People’s Plaza here from November 2. The three-day property show will bring together realtors, building material manufacturers, consultants and financial institutions from Hyderabad as well as from tier-2 and tier-3 cit
City realtors bank on Puja push to sales
Oct 16, 2012
BHUBANESWAR: City realtors are banking on the festive season from Mahalaya on Monday till Diwali on November 13 to maximize sales in an otherwise sluggish real estate market. Market insiders said competition in the housing trade has become cutthroat with supply exceeding demands. "An estimated 1 lakh housing units worth Rs 15,000 crore are on the pipeline in and around the city. These houses w
Bangalore property market surpasses Mumbai, Delhi and Chennai with 140 per cent growth
Oct 16, 2012
BANGALORE: Bangalore has outpaced bigger property markets such as Mumbai, Delhi and Chennai with 140% growth in the quarter to June over the year-ago period, even as sales in most other cities stagnated or even plummeted. In the first quarter of the current fiscal, 15.58 million sq ft of residential space was sold in the city, giving it a total market share of 13.9% and beating other domestic
Investors will shun 'investor unfriendly’ Mumbai and flock to Gujarat: CREDAI
Oct 12, 2012
Raising alarm over Mumbai and Maharashtra becoming increasingly "investor unfriendly", developers apex body CREDAI has said the state government's policies will end up being its gift to Gujarat's upcoming Gift City. CREDAI national president Lalit Kumar Jain, who is also a leading developer in Mumbai and Pune, criticised the series of policies by the state government culminating in the recent
The rise of B-town Odisha
Oct 09, 2012
BHUBANESWAR: Construction of multi-storied residential apartments has gained pace in small towns, which boasted only of standalone houses built by individual owners till recently. Contrary to real estate development centered around the Cuttack-Puri-Bhubaneswar triangle alone earlier, several residential projects are coming up in Angul, Jharsuguda, Sambalpur, Bargarh, Balasore, Bhadrak, and Ber
CREDAI asks builders not to pay bribe to officials
Oct 05, 2012
NEW DELHI: Hurt by allegations of corruption in the realty sector, CREDAI -- the apex body of developers -- has asked its about 10,000 members not to pay bribe to officials for getting project clearance. "We have had enough of these charges that builders breed corruption," Confederation of Real Estate Developers Association of India (CREDAI) President Lalit Kumar Jain said in a statement. He w
Pay-up push for realtors, Bhubaneswar Real Estate,
Oct 03, 2012
Bhubaneswar, Oct. 2: The Bhubaneswar Municipal Corporation has decided to raise awareness to make real-estate developers contribute towards local area development by paying no-objection certificate fees. For the past one-and-half years, the civic body has collected 2 per cent of the project cost for local development — developing drains, roads and sewerage. Sources said around Rs 10 crore has
On road to plastic revolution
Oct 02, 2012
The Corporation will soon initiate steps to renew the contract between the Confederation of Real Estate Developers Association of India (CREDAI) for collecting plastic waste from nearly 300 flats in the city. However, the plastic waste collection has not been affected with the agency carrying out the work at its own expense. The existing shredding unit at Ravipuram, where CREDAI stores the
Cut in home loan interest rates will spur demand in the housing sector
Sep 29, 2012
A huge impetus to the real estate sector could help arrest the present slowdown in the economy to a projected growth rate of around 6% in 2012-13 as against 6.5% in 2011-12 and 8.4% in 2010-11 , real estate experts say. In 2008-9 also, when India's growth had slowed down to 6.7%, from 9.3% in the previous year, the revival of the real estate sector due to launch of houses in the affordable seg
Real time problems dog realty work
Sep 25, 2012
BHUBANESWAR: Plans for new housing projects in more than 550 villages are stuck since the past six months because of uncertainty over the competent authority to accord approval. The Bhubaneswar Development Authority (BDA) has stopped entertaining applications seeking approval to build houses in these areas following Orissa High Court's March 27 order restricting the agency's jurisdiction only to

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