Latest Realty News

Jul 04, 2016
The state police has directed police stations across Maharashtra to register complaints against errant builders who cheat flat buyers and violate building norms. Housing experts have welcomed the move--termed by CM Devendra Fadnavis as "a good decision" -but which the real estate industry finds 'disturbing'. In a circular issued last week, special inspector general of police Prabhat Kumar instructed police commissioners in the state to take action according to the provisions of law when people f
Nov 24, 2015
MUMBAI: Members of realty developers' body MCHI-CREDAI met State Minister for Environment, Prakash Javadekar on Sunday to discuss issues related to Environment Ministry faced by builders, particularly delays in environmental clearances for real estate projects.
Nov 04, 2015
Mumbai: Innovative discounts will not be of much help in boosting house sales in Mumbai because prices are way beyond the reach of most buyers, feels brokerage house JM Financial.
Oct 31, 2015
Mumbai: Hopeful that the age of slowdown will end soon for the real estate industry, Finance Minister Arun Jaitley on Saturday said the sector must survive on market economy and subsidies should not be the "essence of survival".
Apr 15, 2015
Mumbai: The 24th edition of the MCHI-CREDAI PROPERTY Expo was held
Feb 03, 2015
Mumbai: Realty players are considering approaching the Bombay High Court against the revision in ready reckoner (RR) rates across Maharashtra
Feb 02, 2015
Mumbai: It has been five years since the Maharashtra Chamber of Housing Industry (MCHI-CREDAI) entered into a pact with the state government for an ambitious project of building five lakh low-cost houses in Mumbai, but the project has been a non-starter
Jan 17, 2015
MUMBAI: An association of real estate developers challenged a new income tax provision that seeks to curb tax evasion due to "sales at values lower than the government's ready reckoner rates"
Jan 15, 2015
Mumbai: Dosti Group, a leading real estate developer in Mumbai has introduced a special offer on home loans at just 7.99%, for its customers
Relief for builders in land Act
Nov 12, 2014
MUMBAI: In a relief for developers in Mumbai, the SC issued a notice to the Maharashtra government and restrained the state from cancelling development schemes
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.
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).
Realty sector saw 18-20% job losses in 12 months: Lalit Kumar Jain, Chairman, CREDAI
Dec 04, 2013
MUMBAI: The country's real estate sector saw 18-20% job losses over the last one year because of weakening sales and tight liquidity, according to Lalit Kumar Jain, chairman of Confederation of Real Estate Developers' Association of India (CREDAI).
Hike in TDR prices takes the Mumbai market by surprize
Dec 04, 2013
MUMBAI: The real estate market in Mumbai has been going through ups and downs since the past five years. However, the segment received a major jolt due to the recent spike in transfer of development right (TDR), a move which has been received by the suburban developers with great caution and even disappointment. TDR plays an important role, at least in the suburbs of Mumbai. Ram Raheja, director and head-design and architecture, S Raheja, says, “TDR is an important component for builders redevel
22nd property expo comes to an end
Oct 22, 2013
MUMBAI: Deepak Vasantrao Kesarkar – Member of Legislative Assembly, Govt of Maharashtra visited the MCHI-CREDAI 22nd Real Estate and Housing Finance Exhibition earlier today.
22nd Real Estate & Housing Finance Exhibition begins in Mumbai
Oct 18, 2013
MUMBAI: The Maharashtra Chamber of Housing Industry, a member of the Confederation of Real Estate Developers’ Associations of India (MCHI-CREDAI), today opened doors to the 22nd Real Estate and Housing Finance Exhibition in Mumbai from 17th – 20th October, 2013.
Is affordable housing in Mumbai a distant dream?
Jul 25, 2013
MUMBAI: Developing affordable housing in Mumbai is crucial to ensure that the low-income group is not compelled to live in illegal buildings, thereby, curbing tragedies related to collapsing buildings. There are a lot of economic, regulatory and urban issues which need to be looked into for ensuring that there is enough affordable housing inventory to meet the demand. While the unavailability of urban land, rising costs of construction and regulatory issues are the supply-side constraints, lack
RBI policy will hurt buyer’s sentiment: MCHI-CREDAI
Jun 18, 2013
MUMBAI: The RBI’s decision to keep the Repo and CRR rates unchanged is letting the entire industries in general and housing industry in particular, down considering the slowdown in the economy.
MCHI-CREDAI to focus on generation next developers
May 30, 2013
In a bid to strengthen its presence in Mumbai Metropolitan Region (MMR), developers body MCHI-CREDAI has decided to set up its Youth Wing and increasingly involve the generation next.
MCHI-CREDAI slams new property tax, support hunger strike by consumers
Mar 14, 2013
MUMBAI: Strongly opposing the new property tax structure proposed by Brihanmumbai Municipal Corporation ( BMC), realty estate developers body MCHI-CREDAI has extended support to the consumer agitation against the new slabs.
MCHI CREDAI Property Expo inaugurated
Nov 02, 2012
India’s largest real estate exposition today got off to a flying start at BKC grounds, Mumbai, featuring over 15,000 properties with over 120 developers participating. Axis bank is the co-organiser of the exhibition.
MCHI-Credai moves court against VAT
Oct 28, 2012
MUMBAI: Two days before the deadline for developers to pay value-added tax (VAT) on October 31, the Bombay high court will take up a couple of petitions challenging the levy.
MCHI-CREDAI property expo to showcase 15000 properties
Oct 25, 2012
Mumbai: Enriching the house-hunt experience, developer body MCHI-CREDAI has embarked on an ambitious four-day property exhibition from November 01, 2012 showcasing flats, bungalows and commercial offering from across Mumbai city and the Mumbai Metropolitan Region. With Axis BankBSE 1.52 %, is the third largest private sector bank in India, joining in as the co-organiser, the 20th edition of M
Realty developers expect pick-up in demand in festive season
Oct 25, 2012
MUMBAI: Despite sluggishness in the real estate sector, top developer body MCHI-Credai expects an increase in demand from buyers during the festive season on the back of new project launches and easing of funding norms by financial institutions. "Home buyers have literally been sitting on fence due to various reasons. But now prices have stabilised. With more and more new projects coming up a

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