Latest Realty News

City to witness property carnival
Jan 09, 2014
VADODARA: Vadodara chapter of the Confederation of Real Estate Developers Associations of India (CREDAI) will hold a three day property carnival in the city from Friday. The event will see participation from over 80 realtors.
Maximum homes sold are priced under Rs 5,000/sq ft: Research firm
Dec 12, 2013
DELHI: Apartments priced under Rs 5,000 per sq ft account for nearly three out of four homes sold in Mumbai, National Capital Region, Pune, Bangalore and Chennai over the past year, data from real estate research firm Liases Foras shows. While such homes comprised 73% of the total sales in these areas, the figure was an even higher 84% in Bangalore and Pune.
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.
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.
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.
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.
Slowdown in real estate forces builders to cut prices
Sep 03, 2013
DELHI: There are no takers for close to 6 lakh homes in the country, forcing builders to cut prices and dole out freebies, which many hope will herald the much-awaited correction in the home market ahead of the festival season.
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.
Self-regulation for real estate
Aug 26, 2013
DELHI: The Confederation of Real Estate Development Association of India has launched two initiatives on code of conduct and consumer redressal forum to ensure transparency and ethical business practices among developers.
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.
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.
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.
Real estate developers’ property expo in Bangalore on July 6, 7
Jul 06, 2013
BANGALORE: The Confederation of Real Estate Developers’ Association of India-Bangalore will hold its ‘CREDAI Property Expo 2013’ on July 6 and 7 at Lalit Ashok, Bangalore.
BJP-JD(U) split hits sentiment in realty sector in Bihar
Jun 18, 2013
PATNA: The Sunday split in NDA hit the market sentiments, particularly in the real estate sector. But, the prices of available unoccupied flats in multistoreyed apartments in Patna and other cities are not expected to plummet.

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