Latest Realty News

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.
City to witness property carnival
Jan 09, 2014
VADODARA: Vadodara chapter of the Confederation of Real Estate Developers Associations of India (CREDAI) will hold a three day property carnival in the city from Friday. The event will see participation from over 80 realtors.
Credai president ascertains all constructions follow guidelines
Jan 09, 2014
MARGAO: Goan and other investors should not harbour any undue apprehensions about the quality of construction projects in the state on account of the Canacona disaster, Jaganath 'Desh' Prabhudesai, president of the Goa unit of the Confederation of Real Estate Developers Association of India (Credai) said.
Hike in ready reckoner rates is anti-middle class: CREDAI Pune
Jan 07, 2014
PUNE: The Confederation of Real Estate Developers' Association of India (CREDAI) Pune and Maharashtra termed the recent changes to the ready reckoner by the State Government as anti-middle class.
Fringe areas record real estate boom, Kolhapur lags
Jan 04, 2014
KOLHAPUR: The fringe areas of Kolhapur have recorded more real estate growth than the heart of the city, reveal statistics available with the sub-registrar office where all sale deals are registered. Riding high on lower rates, the fringe areas have reported higher percentage of sales deals of properties, primarily flats and plots than those in the core city area.
Developers optimistic of revival in realty sector in 2014
Jan 03, 2014
DELHI: With high property prices and costlier borrowing hitting real estate, developers are hoping for a reversal of the slowdown in the new year and sales picking up post general elections.
Time to invest in ‘metros’ for better realty returns
Jan 02, 2014
DELHI: Many investment experts believe that real estate investors could be in for a good time in the coming year. "It is a good time to invest in the real estate space. If you are getting a good entry price, you should definitely invest during the period between January and the monsoon of 2014," says Sanjay Dutt, executive managing director, Cushman & Wakefield. Some are asking their clients to consider investing before the general elections next year. If you are sitting on money for a long time
Developers optimistic of revival in realty sector in 2014
Jan 01, 2014
DELHI: With high property prices and costlier borrowing hitting real estate, developers are hoping for a reversal of the slowdown in the new year and sales picking up post general elections.
Time to invest in ‘metros’ for better realty returns
Dec 31, 2013
MUMBAI: Many investment experts believe that real estate investors could be in for a good time in the coming year. "It is a good time to invest in the real estate space. If you are getting a good entry price, you should definitely invest during the period between January and the monsoon of 2014," says Sanjay Dutt, executive managing director, Cushman & Wakefield. Some are asking their clients to consider investing before the general elections next year. If you are sitting on money for a long tim
Realtors Optimistic of Boom with Opportunities on Social Media
Dec 31, 2013
HYDERABAD: With a certain hope of the State bifurcation dust to settle down soon and a stream of policy changes expected with a most possible change of government both in the Centre and State, real estate developers in the region are affirmative about a boom sooner next year. But, what is expected to be the major catalyst of development at this crucial juncture is, many say, social media.
Single Window Clearance system to be priority in 2014
Dec 28, 2013
DELHI:The NCR Chapter of Confederation of Real Estate Developers Association of India or CREDAI-NCR has mooted a proposal to intensify its efforts for a single window clearance for projects. In a meeting to take stock of 2013, Anil Kumar Sharma, president, CREDAI-NCR & CMD, Amrapali Group and the members of the body were of the view that unnecessary and sometimes motivated delays in clearances of projects and subsequently in issuing the NOC for possession purposes are not only affecting the buye
Oversupply affects real estate
Dec 28, 2013
MUMBAI:High price points and sticky borrowing costs have weakened buyer sentiment in the commercial and housing markets but realtors hope that since pent-up demand has increased over the three year slowdown in demand the first quarter of 2014 could see an upturn.
Credai supports PMC’s new ways of approval to clear building plans
Dec 27, 2013
PUNE: The Confederation of Real Estate Developers’ Associations of India (Credai) Metro has welcomed the procedural changes in project approvals brought about by the Pune Municipal Corporation (PMC).

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