Latest Realty News

May 15, 2015
MUMBAI: Real estate industry hailed the Centre's decision to bring in a law to check `benami' transactions
Mar 30, 2015
Chennai: Rallying parties against Modi government’s Land Acquisition Bill in its present form, Congress today asked Jayalalithaa-led AIADMK to “demonstrate” its commitment to farmers
Mar 16, 2015
CHENNAI: AIADMK leader J Jayalalithaa and DMK chief M Karunanidhi are at it again this time sparring over the NDA government's land acquisition bill
Mar 04, 2015
MUMBAI: Credai Chairman has described the RBI’s announcement of repo rate cut by 25 basis points as “an excellent move
Mar 02, 2015
Mumbai: Home buyers will have to shell out more money as the proposal to increase the service tax in the Union Budget is expected to increase the cost of residential property
Feb 05, 2015
New Delhi: To ensure success of newly created REIT (Real Estate Investment Trust) structure, property developers and consultants have sought more tax incentives
Feb 03, 2015
Mumbai: Expressing his strong disappointment at the RBI credit policy, realtors apex body CREDAI Chairman Lalit Kumar Jain has said that the nation cannot afford any more delay in accelerating the economy’s growth
Jan 29, 2015
Mumbai: With lots said and positive hopes shown in the first budget by the NDA government, expectations are high of a massively reformist Union Budget that would give the somnolent economy the jolt it badly needs
Jan 16, 2015
Pune: Political tools to exploit name “builder” for vote doesn’t allow reforms…: Lalit Ku Jain, Credai Chairman
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
Realty sector welcomes amendments to Land Acquisition Act
Dec 30, 2014
New Delhi: The decision by the Union Cabinet to take the ordinance route to bring amendments to the Land Acquisition Act has been welcomed by the Indian real estate sector
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.
TN gives big infra push to Coimbatore
Aug 25, 2014
Chief minister J Jayalalithaa today announced a slew of projects worth more than Rs 2,000 crore which would bring new amenities and infrastructure upgradation in the industrial and textile city of Coimbatore
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
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.
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.
Illegal sand mining: Durga Shakti Nagpal episode may push up house prices by upto 10%
Aug 13, 2013
DELHI: If that apartment you have been eyeing has become dearer, or if the developer has warned that your flat nearing completion will take a few months more for handover, recall the zeal of an unsuspecting young IAS officer and the media fracas that followed.
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.
Sand mining ban: Builders fear project cost escalation
Aug 09, 2013
MUMBAI: The Confederation of Real Estate Developers’ Association of India has said the ban on sand mining by the National Green Tribunal was arbitrary and against growth.
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.

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