Tag: Confederation of Real Estate Developers Association of India

The MoU Between CREDAI and Fire Department will work?

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, […]

Mumbai Builders Withdraws Strike Plan

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 […]

Realty Industry Welcomes Rate Cut as 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: Real Estate 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 […]

Realtors upset with the Bhubaneswar Development Authority policies.

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 […]

CREDAI for Simplifying Administrative Procedures & Introducing Land Reforms

The way to increase construction of houses is to simplify administrative procedures, introduce land reforms and changes in banking and taxation systems, according to Mr Lalit Jain, National President of Confederation of Real Estate Developers Association of India (CREDAI). The developers have decided to make a representation to the Central Government on the issue of […]

20% Reservation for EWS will take time, Says Real Estate Sector.

The real estate industry is at loggerheads with the state government after a directive by the Urban Development Department to private developers that they reserve 20 per cent of plots and tenements for the economically weaker sections (EWS). The move is being opposed not only by individual developers but also by the Confederation of Real […]

Lalitkumar Jain recommends that Bihar is better than Maharashtra for builders.

When it comes to ease of approval and a good bureaucratic set up for real estate, Bihar seems to be better opportunity than Maharashtra, according to Lalitkumar Jain, real estate tycoon and president of Confederation of Real Estate Developer’s Association of India (CREDAI). Jain was speaking to DNA against the backdrop of the first ever all […]

Service Tax Applied since July 1

According to CREDAI, the Confederation of Real Estate Developers Association of India, due to the application of service tax as per the union budget 2010, the property prices will experience an increase. All of us are aware of the fact that this service tax has come into effect since July 1. For those who don’t, […]