Latest Realty News

Mamata Banerjee’s proposed seat change fuels hope of demand surge in real estate
Aug 14, 2013
KOLKATA: Leading city-based realtors like the Surekas, Mohtas of the Merlin Group and the South City consortium have put their real estate projects on either side of the Kona Expressway and National Highways 6 and 3 on fast track within days of Chief Minister Mamata Banerjee's announcement to move her seat of governance from Kolkata to Howrah temporarily.
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.
Orissa real estate market: A `reality' Check
Aug 03, 2013
BHUBANESWAR: Real estate and mining have been the sunrise sectors for the state -over the past half-a-decade. But the 'mining is in shambles now for rea­sons known to all. Quite dependent on the mining sector, the real sector has definitely faced issues due to mining slowdown. Nevertheless, the performance was still going good till a few months ago. But owing to some supply-demand mismatch the sector is going through a rough phase, if not turbulent times. Orissa Post does a reality check by talk
Real estate’s share in GDP estimated at 6.3%: Report
Aug 02, 2013
DELHI: The contribution of the real estate sector to India’s GDP has been estimated at 6.3 per cent in 2013, and the segment is expected to generate 7.6 million jobs in the same period, according to a report.
Cheaper houses to revive realty market
Aug 01, 2013
BHUBANESWAR: Realtors are banking on housing units below the Rs 25 lakh range to revive the sluggish market in the city.
Realty sector ‘disappointed’ on RBI’s status quo on rates
Aug 01, 2013
DELHI: Realtors’ apex body CREDAI on July 31 expressed disappointment over RBI’s decision to keep the key policy rates unchanged, saying that the industry was expecting relief from the apex bank to beat slowdown in property demand.
RBI keeps rates unchanged, developers disappointed
Jul 31, 2013
MUMBAI: The RBI’s decision to keep the key rates unchanged is letting the entire industry, in general, and housing industry, in particular, down considering the slowdown in the economy and the low investor sentiment in the real estate market. The repo rate or the rate at which RBI lends to the system, has been retained at 7.25 per cent and the cash reserve ratio, the amount of deposits banks park with RBI, has been kept unchanged at 4 per cent. Industry experts and developers expressed disappoin
Coimbatore property fair from August 2
Jul 31, 2013
COIMBATORE: Property fair FAIRPRO 2013 is offering property buyers keen on investing in Coimbatore a 2 to 3 per cent discount on the basic price for bookings made at the fair or during August.
Realty sector 'disappointed' on RBI's status quo on rates
Jul 30, 2013
DELHI: Realtors' apex body CREDAI today expressed disappointment over RBI's decision to keep the key policy rates unchanged, saying that the industry was expecting relief from the apex bank to beat slowdown in property demand.
P Surya Prakash appointed National President of ACCE (India)
Jul 27, 2013
DELHI: The Association of Consulting Civil Engineers (India) (ACCE (I)) today announced the appointment of Mr. P Surya Prakash as its new National President. With around 28 years of rich experience in the civil engineering sector, Mr. Surya Prakash will be responsible for the operations of ACCE (I) until 2015 and takes over from Mr. B S C Rao whose term ended in (Month) 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
Proper land allotment policy is a must for realty
Jul 23, 2013
BHUBANESWAR: The real estate sector in Orissa is passing through a sluggish phase, as demand is less, and so is money circulation. Besides, real estate's association with shady chit fund companies has resulted in a trust­-deficit among customers. D S Tripathy, national joint secretary of the confederation of real estate developers' association of India (CREDAI), shares his thoughts about the present problems, the possi­bilities, and challenges ahead. As told to Raghunath Panigrahi.
Real estate regulatory bill must cover all stakeholders: CREDAI
Jul 18, 2013
DELHI: Terming real estate regulatory bill as a populist measure, realtors' body CREDAI today said the proposed law should govern all stakeholders of the industry and not only the developers.
Credai meet in Moscow from July 27
Jul 11, 2013
HYDERABAD: The Confederation of Real Estate Developers’ Associations of India, the apex body representing private Real Estate developers in the country, will host the 13th Natcon 2013 meeting at The Ritz Carlton, Moscow on July 27-28.
Real estate developers’ property expo in Bangalore on July 6, 7
Jul 06, 2013
BANGALORE: The Confederation of Real Estate Developers’ Association of India-Bangalore will hold its ‘CREDAI Property Expo 2013’ on July 6 and 7 at Lalit Ashok, Bangalore.
Credai objects to blaming builders for accidents
Jul 05, 2013
PUNE: While welcoming the Pune Municipal Corporation’s (PMC) announcement that city builders will have to register themselves, the Pune Chapter of the Confederation of Real Estate Developer’s Associations of India (Credai) has questioned the civic body’s authority to affix responsibility on developers in the case of accidents, like building collapse.
Credai injecting a booster shot to plantation drive
Jul 04, 2013
BHUBANESWAR: CONFEDERATION of Real Estate Developers' Association of India (CREDAI), State chapter in association with Bhubaneswar Municipal Corporation (BMC) today started a plantation drive called, 'Green makes the difference', on the occasion of 'Bana Mahotsav.
Adding more districts in NCR to increase land supply: CREDAI
Jul 03, 2013
DELHI: Hailing the inclusion of three more districts in the National Capital Region, realtors' apex body CREDAI today said the move will lead to additional supply of land for development
CREDAI-NCR lauds the decision to expand NCR region
Jul 03, 2013
DELHI: The NCR chapter of Confederation of Real Estate Developers Association of India (CREDAI-NCR) has welcomed the decision of the Ministry of Urban Development, Government of India to add Bhiwani, Mahendragarh and Bharatpur in NCR region and applauded the role of Delhi Government in supporting this futuristic move.
Green Lessons for Architects in City
Jul 02, 2013
BHUBANESWAR: More than 300 architects and engineers converged for two-day training programme organized by Bhubaneswar Development Authority (BDA) in Collaboration with the Confederation On Indian Industry (CII), Odisha State Council, on planning and designing of green building.
Workshop on Green Buildings from today
Jul 01, 2013
BHUBANESWAR: India is geared up to face new challenges of doubling the urban land footprint and urban population. The challenge now is to build the future urban India, which is ecologically and economically sustainable by implementing Green Building.
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.
CREDAI bats for realty reforms with Girija Vyas
Jun 21, 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.
Credai hopes efforts on reforms will continue
Jun 21, 2013
MUMBAI: The Confederation of Real Estate Developers’ Association of India is hopeful that the new Union Housing Minister, Girija Vyas, will continue the unfinished task of her predecessor on reforms.

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