Latest Realty News

Vote on Account 2014: Realtors unhappy with interim budget
Feb 18, 2014
DELHI: Realty developers today expressed disappointment that interim budget did not provide any relief to the sector but hoped that steps to push growth in other industries such as automobile would boost housing demand.
New bill proposes licences for real estate brokers
Feb 18, 2014
NOIDA: The UP government has planned to draft a new law to tighten the noose around fraudulent real estate agents so that interests of homebuyers are protected. A senior official in Lucknow said that under the law dealers are required to register themselves with a local government body and obtain a license for practicing.
Correct portfolio mix can increase returns
Feb 18, 2014
DELHI: To optimize an investor's returns from a portfolio and minimize the risks in it, there should be a correct mix of investment options. And such options could include mutual funds (both debt and equity), fixed deposits (FDs), insurance, gold and real estate.
Credai Hyderabad property show to exhibit over 100 projects
Feb 14, 2014
HYDERABAD: Property prices in Hyderabad have remained subdued for far too long and there is a potential for upside once the Telangana statehood issue settles down, according to Credai, the real estate apex body.
Your Dream Home May Get Dearer
Feb 12, 2014
CHENNAI: Now flats in Chennai are likely to become a tad more costly since the Chennai Metropolitan Development Authority (CMDA) has decided to charge four times the previous security deposit from the builder while issuing planning permission.
A boost for Mumbai’s real estate market
Feb 11, 2014
MUMBAI: For more than five lakh residents, the Supreme Court’s decision to remove the forest tag from huge tracts of land spread over Mumbai, has brought an end to their sleepless nights. The apex court has quashed all prior notices and orders regarding encroached forest land issues, in the last nine years, about the various areas bordering the Sanjay Gandhi National Park in Mumbai.
Gujarat Confidential: Helping hand
Feb 06, 2014
AHMEDABAD: Helping hand-Vadodara Mayor Bharat Shah turned Good Samaritan on Tuesday by lending a helping hand to victims of an accident. In the morning, while he was on his way to a private function, Shah witnessed an accident that involved a straight collision of about five vehicles on the Jail Road. An auto-rickshaw carrying two lady passengers suffered the maximum impact, with the women sustaining grievous injuries. Shah, who was also accompanied by BJP city president Bharat Dangar, immediate
Supreme Court verdict on private forest to pave way for real estate development: Credai
Feb 04, 2014
MUMBAI: The Supreme Court's direction to the Maharashtra government to remove "private forest" tag attached to huge land parcels across the state is likely to give a push to development of real estate in such vacant areas, according to real estate developers' body Credai.
‘Repo rate hike will intensify realty crisis’
Jan 30, 2014
HYDERABAD: The Confederation of Real Estate Developers’ Associations of India (Credai) has expressed concern over the RBI decision to increase the repo rates by 25 bps to 8 per cent in the monetary policy review.
'RBI's hike in key interest rate to hit property market'
Jan 29, 2014
DELHI: The Reserve Bank's hiking the key policy rate today will hit property sales, particularly in the residential segment, real estate developers said while expressing disappointment at the move.
Repo rate hike will deepen crisis in real estate: Credai
Jan 29, 2014
HYDERABAD: The Confederation of Real Estate Developers’ Associations of India (Credai) has expressed concern over the RBI decision to increase the repo rates by 25 bps to 8 per cent in the monetary policy review.
Housing market set for positive growth in city’
Jan 29, 2014
TIRUCHI: Although the economic slowdown has resulted in poor demand for housing properties in the city last year, there are signs that the market is on the road to revival, say members of the Tiruchi chapter of Confederation of Real Estate Developers (CREDAI).
RR rates: Credai seeks clarity
Jan 27, 2014
PUNE: Developers in the city are mulling an all-out effort to convince the state government lower the ready reckoner (RR) rates and make the methodology of calculating those transparent.
Valuation of built-up space for houses & offices corrected in Salt Lake area of West Bengal
Jan 26, 2014
KOLKATA: The finance department of the West Bengal government has corrected the valuation of built-up space in certain localities of the city and its periphery for residential sector as well as for offices in Sector V of Salt Lake.
CREDAI welcomes rationalisation of property valuations
Jan 25, 2014
KOLKATA: The Confederation of Real Estate Developers' Associations of India (CREDAI) today welcomed the West Bengal government's move to rationalise property valuations.
Slump hits real estate sales, revenue
Jan 23, 2014
NASHIK: The slowdown, increased land prices, rising cost of construction materials have badly affected the realty sector and around 4,000 ready flats across the city are reportedly lying unsold.
CMDA set to hike security deposit for buildings
Jan 23, 2014
CHENNAI: Chennai Metropolitan Development Authority (CMDA) is all set to increase fourfold the security deposit for construction of buildings.
540 homes sold during Maharashtra property exhibition
Jan 22, 2014
THANE: Over 92,000 people visited the 13th property exhibition organized by the Thane unit of Maharashtra Chamber of Housing Industry ( MCHI) - Confederation of Real Estate Developers Association of India ( Credai).
Buildings rise, facilities wait
Jan 22, 2014
BHUBANESWAR: Lodged on the outskirts of the city and along NH-5, the sleepy village of Pahala — famous for its mouthwatering rasgullas — has turned into a mega business centre.
Builders woo buyers with discounts, gifts
Jan 18, 2014
THANE: With a view to cash in the property market fluctuations, developers in Thane are going all out to entice buyers. Anticipating high demand, many developers have either launched or announced new projects, along with discounts and gifts.
Credai new president, general secy chose
Jan 17, 2014
Bhubaneswar: The State Chapter of the Confederation of Real Estate Developers’ Association of India (Credai) selected Umesh Pattnaik as its new president and Devkant Patnaik as the new general secretary with immediate effect at its managing committee meeting here. Both of them will work till March 31, 2015.
Stakeholders keen to contribute to tourism growth
Jan 16, 2014
NASHIK: Stakeholders in Nashik's tourism business, like tour operators and builders, have offered their cooperation in the growth of tourism in the district.
Buildings rise, facilities wait
Jan 15, 2014
Bhubaneswar, Jan. 15: Lodged on the outskirts of the city and along NH-5, the sleepy village of Pahala — famous for its mouthwatering rasgullas — has turned into a mega business centre.
Odisha to hunt evaders of works contract tax in realty sector
Jan 13, 2014
BHUBANESWAR: The Commercial tax wing of the state government has ordered its officers to identify real estate developers, who do not deduct works contract tax (WCT) from contractor's fee, as part of its drive to boost revenue collections.
Roll back hike in RR rates: Credai
Jan 10, 2014
NASHIK: The Confederation of Real Estate Developers' Association of India (CREDAI) on Thursday urged the state government to roll back the hike in the ready reckoner (RR) rates.

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