Credai wants industry status for real estate
Oct 15, 2015
Source : Toi

NOIDA: Realty developers' body Credai's NCR chapter on Wednesday demanded industry status for real estate as they observed a strike in protest against the "difficulty in doing business".

All transactions and constructions came to a standstill as builders gathered at the offices of the Gautam Budh Nagar district magistrate and Noida Authority chairman.

Credai-NCR's protest was part of a nationwide token strike against the real estate developers' body to mark solidarity to Suraj Parmar, the president of the Thane chapter of Maharashtra Chamber of Housing Industry (CREDAI-MCHI). Last week, Parmar ended his life due to alleged harassment from various government departments and their repeated demands for bribes.

"It is high time that real estate is given an industry status. Real estate is not only one of the biggest employing sectors, but we are end users of products created by 350 other industries. The builders need ease of doing business. The suicide of Suraj Parmar highlights the real situation that most builders are facing today in executing their projects," Manoj Gaur, president of Credai-NCR, said.

"We have been demanding a single-window status for the builders. From environment clearances to all other certifications, it takes months to get the project to the ground after buying land. Until the builders get a single window system, the entire process of approvals and clearances will continue to slow-down their pace," Amit Modi, the vice-president of Credai (Western UP), said.

"In a country where the film producers are given loans by banks, the builders are not. It is strange that the banks finance home buyers, but builders have to source money from other financial sources," Gaur added.

Latest Realty News

Credai-Bhopal-fourth-edition-of-the-property-expo-witnessed-over-10,000-footfalls
Oct 15, 2015
CREDAI Bhopal organised a four-day long property expo "CREDAI GRIHA PRABESHAM - 2015" from 9th October to 12th October here at Vitthal Market Dussehara Maidan.
Real-estate-association-goes-on-strike-over-suicide-of-developer
Oct 15, 2015
KOZHIKODE: Confederation of Real Estate Developers Association of India (Credai) observed a protest throughout the state on Tuesday against the harassment meted out to a builder in Thane by officials that led to his suicide.
BMC-gets-six-months-to-revise-Development-Plan-2034-
Oct 14, 2015
MUMBAI: Brihanmumbai Municipal Corporation (BMC), the civic body of the country's commercial capital, has received a second extension of the deadline for revision of the much-talked about Development Plan 2034 by another six months to February 2016.
Rajasthan-signs-14-MoUs-to-bring-in-Rs-9,273-crore-investment-into-housing-in-the-state-
Oct 14, 2015
NEW DELHI: Rajasthan government has signed four MoUs firming up an investment of Rs 5,400 crore to promote affordable housing in the state. These MoUs are a part of 27 MoUs signed by the state entailing an investment of Rs 12,478 crore in housing and urban development projects in Jaipur. Of these, 14 of the MoUs will bring in an investment of Rs 9,273 crore into housing projects
New-Rules-Give-Government-Employees-More-Time-to-File-Property-Returns
Oct 14, 2015
New Delhi: The Centre has notified new rules to extend by six months, till April 15 next year, the deadline for central government employees to file details of their assets and liabilities along with that of their spouses and dependent children, as mandated under the Lokpal Act.
NCR-Credai-demands-industry-status-for-real-estate
Oct 14, 2015
NOIDA: Credai members from across NCR on Tuesday observed a protest strike against the issue of 'difficulty in doing business.' All transactions and constructions were brought to a standstill while the builders gathered to submit deputations with the offices of the district magistrate and the chairman of Noida Authority.
Fitch-Ratings-Assigns-Stable-Outlook-to-Indiabulls-Real-Estate
Oct 13, 2015
New Delhi: Fitch Ratings has given a 'stable' outlook to Indiabulls Real Estate and expects the realty firm's debt to reduce by more than Rs 700 crore this fiscal year.
CREDAI-to-observe-token-strike-to-show-solidarity-with-Suraj-Parmar
Oct 12, 2015
MUMBAI: Realty developers' body Confederation of Real Estate Developers' Association of India (CREDAI) will be observing a token strike on Tuesday to mark solidarity to Late Suraj Parmar, President of Thane chapter of Maharashtra Chamber of Housing Industry (CREDAI-MCHI). Last week, Parmar ended his life due to alleged harassment from various government departments and their repeated demands for bribes.
Realtors-package-deals-with-gifts-to-draw-buyers;-freebies,-international-holidays-on-offer-
Oct 12, 2015
KOLKATA| MUMBAI: While thousands of residential units lie unsold across metros in the country , builders are quickly rustling up offers to make the most of the upcoming festive season. From freebies to home loan installment reliefs to international holidays, offers are coming in all shapes and sizes, depending on the ticket size of the apartment one chooses.
Petlawad-blast-tremors-shake-Indore-real-estate
Oct 11, 2015
INDORE: Aftereffects of the deadly Petlawad blasts have led to a hike in prices of construction material putting in a negative effect on the real estate sector.

Latest Realty News Of State

Realty Talk's