Latest Realty News

Rera-hurdle-affects-real-estate-sector-in-Odisha
Sep 14, 2017
The real estate activity in the State has been largely affected as none of the projects were able to receive registration numbers from the Real Estate Regulation Authority (RERA)
Plea-in-SC-to-transfer-RERA-cases-to-one-court
Aug 26, 2017
NEW DELHI: The housing and urban development ministry has filed a petition in the Supreme Court to transfer over two dozen cases filed in different benches of HCs challenging the Real Estate (Regulation & Development) Act (RERA) to one court.
Developers-and-UP-govt-disagree-over-implementation-of-RERA
Jul 25, 2017
LUCKNOW: The state government and the real estate developers engaged in a fresh bout of disagreement on Sunday with UP chief minister Yogi Adityanath asking the developers to get themselves registered under Real Estate Regulatory Authority (RERA) act through a web portal
RERA-portal-launched-by-Karnataka-Govt.
Jul 25, 2017
Karnataka Real Estate Regulatatory Authority (RERA) that was formed more than two weeks has gone live with the state government launching the portal for registration.
RERA-ban-on-marketing-Housing-illegal:-Lawyers
Jun 29, 2017
NEW DELHI: While there is no framework ready in many states to register projects under the Real Estate Regulation (and Development) Act (Rera), prohibiting them from marketing by the government is bad in law as it affects the livelihood of developers and the workers, said
Odisha-capital-city's-growth-linked-to-real-estate-developers
Jan 21, 2017
BHUBANESWAR: Real estate developers have contributed a lot for the fast development of the Capital City by providing facilities of metro life under one roof, said Vice-Chairman of Bhubaneswar Development Authority (BDA) Dr Krishan Kumar.
Credai-Odisha-to-hold-4-days--property-expo-from-12th-January-
Jan 05, 2017
Credai Odisha Chapter is going to hold 4 days property expo from 12th January to 15th January at Janata Maidan, Bhubaneswar.
Under-construction-flat-to-cost-more-after-GST-Bill-is-rolled-out
Aug 05, 2016
NEW DELHI: Prices of underconstruction apartments may rise by up to 5-10% when the Goods and Services Tax (GST) is rolled out. But, prices of completed apartments will not be affected as GST will not be applicable there.
Home-buyers-left-in-lurch!-50,000-Noida-Extension-flats-ready-but-not-the-roads-
Jul 23, 2016
NOIDA: Possession of 50,000 flats is slated for this year-end in Noida Extension but lack of infrastructure and amenities like streetlights, roads, security, water connections and power supply is set to delay the handover.
Maharashtra-flat-buyers-can-now-file-a-police-complaint-against-builders-violating-norms-
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
7th-Pay-Commission:-Home-Sales-Likely-To-Improve,-Say-Realtors
Jun 30, 2016
New Delhi: Real estate industry bodies on Wednesday said housing sales are expected to improve following implementation of Seventh Pay Commission recommendations as prices have fallen in last few years because of a slowdown in the property market.
Relief-for-homebuyers!-Builders-may-have-to-pay-11%-interest-for-delayed-projects-
Jun 29, 2016
NEW DELHI: Developers may have to pay 11.2 per cent interest to buyers for delay in handing over apartments and homes, according to draft rules unveiled by the government, a step seen as bringing relief to homebuyers reeling under the impact of delayed projects and mounting loan liabilities.
Real-estate-developers-body-vows-to-oppose-corruption
Apr 19, 2016
Chennai: Confederation of Real Estate Developers' Association of India (Credai) Chennai chapter has called for increasing ease and reducing cost of doing business in the state. The developers' body has been raising concerns about corruption in the building plan approval process for some time, but this is the first time that the organization is confronting the state administration openly on the issue of corruption.
Realty-Firms-Hope-for-Housing-Sales-Revival-Post-Rate-Cut
Apr 07, 2016
New Delhi: Interest on home loans is expected to come down helping a revival of housing sales following the Reserve Bank of India's lowering of policy rate by 0.25 per cent today, say realty experts.
New-Managing-Committee-Formed--for-Credai-Odisha
Mar 19, 2016
Bhubaneswar : The New Managing Committee of Credai Odisha were elected for term 2016 -18 at Mayfair convention on 18th March 2016.
Budget-2016-to-boost-demand,-supply-of-affordable-homes
Mar 01, 2016
NEW DELHI: Budget proposals as positive for the real estate sector, industry players said that tax sops for first home buyers and incentives on development of affordable housing projects will help revive demand in the sluggish property market.
Range-of-housing-options-at-property-fair
Feb 15, 2016
Bhubaneswar: A five-day property exhibition, Home and Decor, showcasing housing properties by members of Real Estate Developers Association of Odisha (REDA) started at Janata Maidan here on Saturday.
New-TDR-rules-to-soar-up-property-prices-in-Odisha:-Realtors
Feb 05, 2016
The drastic reduction of base floor area ratio (FAR) to 1.2 from earlier 1.5 to 2.75 in the newly notified Odisha Transferable Development Right Rules, 2015 is likely to soar up real estate property rates by 30-35 per cent in Odisha, realtors says.They have red flagged the reduction of FAR , the ratio obtained by dividing total covered area on all floors by the area of the plot, in the rules.
Realtors-see-business-opportunity-from-Smart-City-projects-
Jan 29, 2016
NEW DELHI: Realtors' body CREDAI today hailed the selection of first 20 cities for 'Smart City' programme, saying the initiative would provide great opportunity for the real estate development, particularly in the affordable home segment, with improvement in infrastructure of these towns.
Following-SC-observation,-real-estate-companies-say-building-plans-approved-only-after-environment-c...
Jan 18, 2016
NEW DELHI | MUMBAI | BENGALURU: Real estate companies in top metros have said that local government bodies approve building plans only after the project has been granted environment clearance. This follows the Supreme Court's Friday observation that housing projects must get environment clearance before work can start.
Real-estate-market-may-see-an-upswing,-say-developers
Jan 11, 2016
Vadodara: The real estate market in Vadodara seems to be set for an upswing this year. The CREDAI Vadodara Property Carnival 2016 organized at Navlakhi Grounds saw a record number of bookings for apartments and duplexes over last three days.
Delhi-HC-issues-notices-to-CCI,-CREDAI-and-20-realty-developers-over-cartelisation,-matter-to-be-hea...
Dec 30, 2015
MUMBAI: Realty developers' troubles regarding allegations of cartelisation have got murkier as the petitioner has now moved the Delhi High Court against competition watchdog Competition Commission of India (CCI) itself.
Credai-Visakhapatnam-to-hold-Property-Expo-from-25-Dec-2015
Dec 24, 2015
VISAKHAPATNAM: The Visakhapatnam chapter of Confederation of Real Estate Developer's Association of India (Credai) is to hold the second Vizag Property Expo 2015-16 from December 25 to 27 at Visakha Function Hall in the city.
Go-Green-With-Credai-Plantation-drive-at-Bhubaneswar
Dec 21, 2015
Bhubaneswar: A plantation drive was organized by the Credai Odisha today here at Gajapatinagar where numerous dignitaries participated to support the cause. Ananta Narayan Jena, Mayor, Bhubaneswar, Priyadarshi Mishra, MLA and Akash Dasnayak, MLA & the Brand Ambassador of CREDAI Expo 2016 had attended the drive - ‘GO GREEN WITH CREDAI’.
Government-May-Consider-Scrapping-Double-Taxation-in-Realty-Sector
Dec 17, 2015
New Delhi: The government will consider the real estate industry's demand to remove double taxation on developers who have to pay both labour cess as well as PF/ESI, Labour Minister Bandaru Dattatreya said on Wednesday.

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