Real Estate Sector has been under stress for more than 2 years. Economic uncertainty enforced by COVID 19 Pandemic has only made it worse for the sector. After battling for survival, the sector is slowly moving towards revival. Ensuring liquidity, access to funds & longer repayment cycles w... Read more...
Realtors’ apex body CREDAI has suggested the government to increase tax exemptions in the upcoming Budget to boost housing demand and enhance limit of deduction under section 80C of income tax for principal repayment on home loans. It also said that there should be a separate exemption for prin... Read more...
CREDAI has written to PM Narendra Modi & all concerned Ministries and urged them to take note of cartelization by cement and steel manufacturers. CREDAI also requested the Government for an immediate intervention in regulating the prices of construction raw materials amidst the ongoing pandemic ... Read more...
The Confederation of Real Estate Developers’ Associations of India (CREDAI) has sought Prime Minister Narendra Modi’s urgent intervention in curbing cartelisation by cement and steel manufacturers to arrest the price hike of cement and steel. In a letter to the Prime Minister on December 18, ... Read more...
CREDAI MCHI President, Deepak Goradia With the pandemic bringing the industry to a halt, coupled with the lack of migrant workers at construction sites, the entire real estate fraternity faced countless struggles to resume projects and keep afloat, financially. While the return of migrant ... Read more...
"Finance Minister Nirmala Sitharaman's stimulus measures in terms of income tax relief for buyers and developers is very timely and will further boost the housing demand in the country. The additional outlay under PMAY will help the completion of stuck projects, create new jobs, and boost demand for... Read more...
Authored by Amit Modi, Director, ABA Corp & President (elect), CREDAI, Western UP Thought of as traditional and unstructured in approach, real estate has never been the go-to career option for many young graduates. However, the scenario has been gradually changing especially since the RERA wa... Read more...
Economic experts have welcomed the monetary policy of the Reserve Bank of India (RBI) announced. The Monetary Policy Committee (MPC) has chosen inflation as its priority and kept the key lending rates unchanged at four per cent and reverse repo rate unchanged at 3.35 per cent. Dr Niranjan Hiranan... Read more...
To facilitate and ease the process of safe home buying, the Ministry of Housing and Urban Affairs publicly launched “CREDAI Awaas App” and NAREDCO’s online portal “HousingforAll.com”. The initiative aims to provide a credible platform for prospective home buyers and help them interact with... Read more...
The new Consumer Protection Act that took effect from July 20 has changed the jurisdiction of the National Consumer Disputes Redressal Commission (NCDRC) to Rs 10 crore from the earlier Rs 1 crore. This means that only homebuyers who have paid an amount in excess of Rs 10 crore can file a case in th... Read more...