Latest Realty News

CREDAI-chief-hails-rate-cut
Mar 04, 2015
MUMBAI: Credai Chairman has described the RBI’s announcement of repo rate cut by 25 basis points as “an excellent move
Politicians-require-to-learn-urban-science-for-effective-policy-making-in-Realty-Sector:-Lalit-Ku-Ja...
Jan 16, 2015
Pune: Political tools to exploit name “builder” for vote doesn’t allow reforms…: Lalit Ku Jain, Credai Chairman
RBI-rate-cut-will-boost-housing-demand:-Realty-developers
Jan 15, 2015
NEW DELHI: The real estate industry today hailed the RBI's decision to cut key interest rate, saying the move will boost housing demand
Credai calls for reforms in realty sector in New Year
Dec 26, 2014
MUMBAI: Government needs to introduce new reforms and ensure their prompt implementation to revive the real estate sector, industry body Credai said
Rs 1,200 per sq ft: Mumbai realty bribery rate is half of actual building costs
Oct 24, 2014
Mumbai: Elimination of corruption alone can bring down home prices significantly in India's urbs prima.
CREDAI chief worried over possible ‘cement cartels’
Sep 26, 2013
MUMBAI: With prices of cement suddenly going sky high, developers apex body CREDAI Chairman Lalit Kumar Jain, expressed his concern and said he believes a cement cartel is active. Jain, who is also the CMD of Mumbai-Pune developer Kumar Urban development Ltd (KUL) said CREDAI will consider to file a complaint with CCI against the continuous price hike as this creates pressure on developers to increase sale price of homes.
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
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.
KUL to launch a high-end luxury project in Worli
Aug 28, 2013
MUMBAI: In a first in India’s real estate industry, Mumbai-Pune developer, Kumar Urban Development Ltd (KUL) has announced the launch of their high-end, luxury residential project based on anthropological engineering.
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.
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.
CREDAI bats for realty reforms with Girija Vyas
Jun 24, 2013
DELHI: Praising the Union Government’s efforts towards real estate reforms, realtors’ apex body Chairman Lalit Jain expressed the hope that the new Housing and Urban Poverty Alleviation Minister Ms. Girija Vyas will continue with the unfinished task of her predecessor Mr Ajay Maken.
Real Estate Regulatory Bill may become breeding ground of corruption, says CREDAI chairman
Jun 06, 2013
MUMBAI: Stating that the Real Estate Regulatory Bill approved by the Union Cabinet seeks to whip only errant developers, realtors apex body CREDAI Chairman Mr. Lalit Kumar Jain has expressed fear that it could encourage corruption instead of curtailing the social menace.
Realty players seek more cuts in RBI rate to boost sector
Mar 20, 2013
NEW DELHI: Real estate players and analysts on Tuesday welcomed the Reserve Bank's move to cut short-term lending rates, but said that more such steps are needed to bring growth back to the sector.
'High-end realty devpt will drive growth of golf'
Mar 05, 2013
PUNE: Development of high-end real estate projects and resort style residential complexes have the potential to drive the growth of the sport of golf in India, participants in the second India Golf Expo said on Thursday.
Rate cut expected to soften home loan rates, improve dipping home sales
Jan 29, 2013
NEW DELHI: Home buyers could be in for a cheer this spring as home loan rates are expected to soften after the Reserve Bank of India reduced its key policy rates.
Credai asks realtors to sell unsold stock at discounted prices
Dec 03, 2012
MUMBAI: Leading realtors' body Confederation of Real Estate Developers' Association of India (CREDAI) has asked its members to seriously consider selling off maximum inventories by reducing prices.
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.
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.
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

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