The committee will also support large-scale projects to access funds via financial institutions and educate members about the ways to enhance their credit ratings, NAREDCO said in a statement
The agreement will help address land-related difficulties faced by developers engaged in the construction of warehouses.
Realtors’ bodies Credai and Naredco have hailed the government’s measures to bring down the prices of steel and cement and hoped that the manufacturers will pass on the benefits to their customers.
The South Zone remains the most optimistic market with the highest score across zones in the current quarter.
The Union Budget 2022 should also expand the definition of affordable housing to include houses priced beyond Rs 45 lakh in metro cities, Credai and Naredco have said
Naredco launches women’s arm that will focus on gender representation in the real estate sector
Swacchh Bharat Mission Urban 2.0 will focus on waste and sludge management.
The body has also demanded extending suspension of some provisions of insolvency law by one more year.
The developers also discussed the delay in registering flats at a recent meeting with UP government officials
The project will unlock over 10,000 affordable homes from over 100 members
Housing Secretary Durga Shanker Mishra said the sector is also very important from the point of view of employment and highlighted that out of 50 crore jobs, real estate provides 5.5 crore employment opportunities.
Regarding increase in prices of steel and cement, the housing secretary said he had taken up the matter with the concerned ministry and would do so again
Expected to enable investors to monetise land investment
NAREDCO also said demand for commercial office space is expected to be back to 80 percent of the pre-COVID level after July as more people return to work after vaccination.
Increase tax deduction on home loan interest from Rs 2 lakh to Rs 5 lakh, NAREDCO said in its wishlist for Union Budget 2021-22.
Stating there was need to set up more stress fund like the government-backed Rs 25,000 crore Special Window for Affordable and Mid-Income Housing (SWAMIH) fund, he said the centre should enable banks and financial institutions to set up at least five similar funds totaling Rs 1,25,000 crore.
Keki Mistry, Vice Chairman and CEO, HDFC Ltd, says benign interest rate regime will continue going forward and that rates will go up only after economic activity gathers more pace and inflation pressure rises
The apex body of developers says zero stamp duty has pushed Mumbai’s residential realty sales by 300 percent from August 2020 to October 2020, to organise three–day Real Estate and Infrastructure Investors’ Summit 2020 from November 25 to 27.
The offer by NAREDCO Maharashtra members is available from September 3 until October 31, 2020. All the projects are RERA registered.
According to NAREDCO, over 5,000 projects have been affected due to delay in issuing of final notification
Government should scrap Section 43 CA of IT Act, reduce ready reckoner rates if it wants price reduction of over 10 percent
Around 1.25 lakh workers will be absorbed at project sites spread across Ghaziabad, Noida and Greater Noida in Delhi-NCR
Lease rent should be deferred for a year and extension for 12 months should be given for paying interest installments as restarting construction activities may take time, the realtors said
Consider construction activity in industrial clusters, smart cities and smart villages being proposed along highways
Naredco seeks a $200 billion package from the government to kick-start the economy. Affordable housing to make a comeback first; Property prices may fall by 10-15 per cent.