Announcement of a memorandum of understanding (MoU) between the Confederation of Real Estate Developers Association of India (CREDAI) and the Karnataka State Fire and Emergency Services (KSFES) Department on fire safety certification has raised quite a few eyebrows in the real estate industry. While an industry expert questioned how “credible” would the entire process be, […]
Tag: Confederation of Real Estate Developer’s Association of India
Mumbai Builders Strike Plan Dropped
May 3, 2012 – 12:54 pm
Mumbai builders have called off their strike scheduled for May 3. The Maharashtra Chamber of Housing Industry and the Confederation of Real Estate Developers Association of India had called for a one-day token strike protesting the delay in project approvals and against the State Government’s move to establish a housing regulator. The Builders Association of […]
Property prices in Coimbatore goes High
April 24, 2012 – 11:34 am
The jump in land, materials and labour costs has pushed property prices up by 25%-30% per cent and slowed the growth of the real estate sector in Coimbatore in the last two years. Property developers in the city believe that if the real estate sector has to grow at pace similar to that of Chennai, […]
Realty players to protest decision deficit as clearance delays
April 24, 2012 – 11:34 am
Mumbai’s realty sector has taken a decision to protest decision deficit and policy paralysis in the state and central governments and various agencies. A large number of realty organisations, including Maharashtra Chamber of Housing Industry (MCHI) and Confederation of Real Estate Developers’ Association of India (Credai), have joined hands to go on a token strike […]
Realty Industry Welcomes Rate Cut And Sees Benefit for All
April 18, 2012 – 5:09 pm
The interest rate sensitive realty industry Tuesday welcomed the Reserve Bank of India’s (RBI) decision to cut key lending rates by 50 basis points, and felt the move will boost builders’ and home loan customers’ sentiments alike. “For the real estate in particular, this is indeed a welcome step by RBI. While the sector was […]
RBI’s Rate Cut: Realty Sector Expect Rise in Property Demand
April 17, 2012 – 4:36 pm
Realty firms on Tuesday hailed the RBI’s decision to cut short-term lending rate saying the move would reduce the cost of funds to home buyers as well as developers and boost property demand. “Reserve Bank’s decision to cut the repo rate by 50 basis points and abolish pre-payment penalties is a good move for home […]
Realtors upset with policies of Bhubaneswar Development Authority(BDA).
April 7, 2012 – 1:53 pm
The real estate developers on Thursday reacted sharply to the Bhubaneswar Development Authority’s (BDA) move to change the definition of “apartment” and “group housing.” Talking to reporters here, Confederation of Real Estate Developers Association of India (CREDAI) state president D S Tripathy said the new definitions are vague and will result in the harassment of people while […]
