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 […]
Tag: Lalit Kumar Jain
Infinite India Invests $13M in Pune Project
May 1, 2012 – 1:19 pm
JM Financial group promoted Infinite India Investment Management has invested $13 million through its realty fund Infinite India Real Estate Fund in Pune-based developer Kumar Urban Development Ltd’s (KUL) residential project, said sources close to the development. The source privy to the development said the transaction has been inked recently for an equity stake in a high end […]
Union Budget 2012-13: Builders say that Pranab Mukherjee has ignored ground realty.
March 17, 2012 – 4:41 pm
Chief of the Confederation of Real Estate Developers’ Association of India (CREDAI), Lalit Kumar Jain, said the announcement on external commercial borrowings (ECB) for affordable housing was a minor respite but still meaningless. Jain, who is also chairman and managing director of Kumar Urban Development Ltd, added, “We contribute 6.5% to the GDP and expected a big […]
