Real estate developers are concerned that a single homebuyer can drag a realtor to NCLT and have proposed that the limit be set at two-third homebuyers
Realtors met Finance Ministry officials on September 19 to discuss about modalities of the stressed asset fund and procedures.
Affordable housing will remain the dominant segment in the coming years with a total of 10 million PMAY (U) units to be delivered by 2020, the report says
The builders’ body has suggested that changes be made in Section 24 (B) for increasing interest deduction for homebuyers and relaxation in REITs provisions
It has also stated that the definition of affordable housing should be same across all the legislations.
Signs MOU with IGBC to accelerate green building movement. Green projects to come up in NCR, Bengaluru, Mumbai and Pune
IBA has recommended that CREDAI come up with a model structure wherein it could take over unfinished projects and complete them.
Contrary to the increasing conservative preference for compact homes, the Indian millennial woman does not want to compromise on property size.
All 12,500 members of the association pray for the families struck by most grievous and untimely loss.
The real estate sector has come under severe scrutiny from the apex court and consumer rights bodies due to some unethical practices followed by certain entities, he said.
Prime Minister Narendra Modi said sops announced in interim Budget 2019 will encourage the youth to purchase houses
Modi said that under PMAY, houses have become bigger, with the necessary amenities in place.
Sessions being held at the two-day Credai YouthCon would focus on How Housing for All and RERA have changed the Game for Real Estate, When Finance and Real Estate Met and Importance of Finance in India’s Growth Story
The recommendations are "aimed at reducing the impact of GST on the end-consumer and simplifying the compliance requirements of the developer.
The proposal that no notional rent will be levied on second self-occupied homes and that capital gains up to Rs 2 crore can be used to buy two houses, is expected to boost demand for housing.
A one-time restructuring of all real estate loans also necessary to enable the sector to emerge successfully from the multiple transitions
The CREDAI President said that there has been an increase in demand for affordable housing
Credai has written a letter to Housing and Urban Affairs Minister Hardeep Puri seeking certain reforms in the Indian real estate sector including the implementation of the single window clearance mechanism.
Credai asks the ministry of housing to enhance India’s standing in granting construction approvals and provide appropriate means for land financing to construct affordable houses
Black sheep and fly by night operators in the real estate sector should be kept at a distance, Naidu tells realtors’ apex body CREDAI.
Stating that the real estate sector faced triple whammy in form of demonetisation, GST and the new realty law, CREDAI President Jaxay Shah said the industry is facing a "critical moment".
The housing sector’s contribution to the Indian GDP is expected to almost double to more than 11 per cent by 2020 up from an estimated 5 per cent to 6 per cent.
Action against builders to be taken only after audit process is completed, say sources
Plans to focus attention towards the development of Tier II, III and IV cities
Banks now want additional collateral such as private properties of promoters as a guarantee while providing loans to real estate developers.