Tag: Credai

CREDAI- Bengal Unit Raises Voice Against ULCA

CREDAI- Bengal unit urged the state government to do away with urban land ceiling act- ULCA. Real estate developers’ apex body said that ULCA blocks the real estate constructions. Further the CREDAI- Bengal unit said that this has become a serious issue for them. CREDAI- Bengal unit pulled off Mamata Banerjee government for having implemented […]

CREDAI Pleased with AP Govt.’s Online Building Approval

Andhra Government launched online system for approving real estate buildings. The developers’ Apex body- CREDAI remarked it as real- estate-reformation. Single window system for building plan applications will accelerate the completion of real estate projects. Real estate projects will be delivered in time as it can avoid the red-tapism and corrupted officials who stand as […]

CREDAI, Fire Department MoU will work or not?

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, […]

Rift over Code of Conduct Between CREDAI and Builders

Several developers declined to abide by the code of conduct laid down by CREDAI initially. Following this, the association has expelled several developers, while some have resigned discontinuing their involvement with the organisation.  Opposing the self-regulation code, the builders refused to sign the association’s code of conduct. The bone of contention for builders was the […]

Property prices in Coimbatore goes High

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

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

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

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 […]

Surat Realty experiences 100% growth in 2 yrs.

Realty glitters in the diamond city. Real estate sector has witnessed a 100 per cent growth in the past two years, aided by a number of factors like vertical development, business opportunities and influx of people from other places. Om Ahuja, CEO-residential services, Jones Lang LaSalle (JLL) India, said, “In cities like Surat, the growth is directly related to […]

Realtors upset with policies of Bhubaneswar Development Authority(BDA).

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 […]

Real Estate Sector is disappointed.

Real estate players were disappointed with the Budget saying it failed to highlight the role of the housing sector in the economy. The Union Budget 2012-13 on Friday proposed allowing external commercial borrowing for low cost affordable housing projects. Presenting the Budget in the Lok Sabha, the Finance Minister, Mr Pranabh Mukherjee, also proposed setting […]


The much acclaimed bi-annual India realty exhibition is going to be held in Dubai from 9th to 11th of December 2010, at Renaissance Dubai Hotel, deira, with the motto of “Your dream home in India now comes with a guarantee”, a great platform for Indian developers and HFIs trying to reach out to affluent Gulf […]

Apartments in Demand Again

Aarti Yadav, an IT sector worker adjourned her plan to buy a new home,  is searching  for a 2BHK apartment in Hinjewadi according to her budget. Job security, easy sanction of home loans and other signals of economy being back on track are attracting many others, who were in a wait-and-watch mode, to buy flats, […]

Realty Sector demands ‘stimulus package’

National Real Estate Development Council (Naredco) and the Confederation of Real Estate Developers’ Associations of India (Credai) has petitioned the Government to ease foreign direct investment and external commercial borrowing norms and formulate a policy for rescheduling of term or construction loans to facilitate the roll-over of existing debt. The request has also to be […]

Home loan sales reviving

Bankers believe their strained home loan portfolios will see relief in the coming quarters, with interest rate cuts coming into force. “We expect our home loan offtake to increase by 22 per cent y-o-y next quarter with the fall in interest rates,” said B.R. Pai, General Manager, Syndicate Bank. The bank, which has sixty-five hundred […]

Bigger Players Are Looking For Trained Agents

With the city’s real estate market being dominated by smaller and unheard of players whose actions could fright away prospective buyers, the bigger players are joining hands to give a professional touch to the realty business. “We need to bring in additional people who are properly trained agents. This can be achieved by having a […]

Cost Of Housing Projects Increase Due To Delay In Clearance

A day after HDFC chief Mr. Deepak Parekh stated that environmental clearances were leading to time delays and hence cost overruns in housing projects, industry body Confederation of Real Estate Development Association of India (CREDAI) has put a number to it. CREDAI Secretary Rohit Raj Modi said that these add at least 10% to 15% […]

Kerala Properties On Offer At Qatar Show

A lot of township development projects and designs of residential complexes in Kerala were displayed at a property show in Qatar which aimed at attracting investments from NRIs. Kerala Property Expo in Doha is featuring about 50 builders. The show organized by the Kerala Builders Forum (KBF), is sponsored by HDFC bank and State Bank […]

Demand of Builders

Builders have demanded to remove the uneven tax structure for Information Technology SEZs and non-Information Technology SEZs similar to Information Technology Parks, Software Technology Parks and commercial complexes in this financial year’s budget. Builders took up this matter in a meeting with housing and urban poverty alleviation minister. Previously, the government had considered the option of […]