THE THREE BIG DRIVERS — BACKLOG, REAL ESTATE & INFRASTRUCTURE DEMAND AND DISRUPTED PRODUCTION AMIDST WORKFORCE SHORTAGE ARE CONSISTENTLY RAISING THE COST OF CONSTRUCTION RAW MATERIALS A.K.A. STEEL AND CEMENT. THE SOLUTION STILL EVADES. Real estate governing bodies CREDAI and NAREDCO have ur... Read more...
The J Joshi Group on 7th July announced its collaboration with Investors Clinic by strategically appointing it as the Exclusive Selling Agent for bookings in the Dholera Special Investment Region (DSIR) project. A Memorandum of Understanding (MoU) setting out the terms and conditions was signed... Read more...
Considering the demands of developers, the state government has decided to extend relaxation on stamp duty for three months till September. Though the Confederation of Real Estate Developers’ Associations of India (CREDAI) had written to the finance department to extend relaxation on stamp duty ti... Read more...
After a decent recovery in housing sales during the last two quarters of FY21, the momentum seems to be ebbing, as a nationwide survey of real estate developers by industry association Credai reveals that 95% customers have postponed their purchase decision due to the second and more virulent wave o... Read more...
Various real estate developers in Nashik city have firmed up plans to launch around 500 new residential projects, worth at least Rs 5,000 crore, in the city during the forthcoming festive season. President of Credai-Nashik Ravi Mahajan said many builders have already submitted around 250 project pla... Read more...
Builders and developers could soon heave a sigh of relief as the government is working to ensure that approvals to planning permissions from Chennai Metropolitan Development Authority (CMDA) are given within 45 to 60 days. S Muthusamy, the new Minister for Housing and Urban Development, said he... Read more...
The Confederation of Real Estate Developers' Associations of India released findings of its first ever industry survey conducted across North, East, West and South zones between 24th May and 3rd June, 2021, to assess the impact of second wave of COVID-19 on real estate sector in India. Conducted wit... Read more...
The RBI Governor in his announcements mentioned a slew of measures and schemes, such as second round of loan restructuring and other relief measures as also term liquidity facility of Rs. 50,000 crore for healthcare and SLTRO for Small Finance Banks. The focus of his announcements were small busines... Read more...
Representatives of realtors' body CREDAI met Finance Minister Nirmala Sitharaman on April 20th sought government's support to deal with the disruption caused by the COVID-19 pandemic. The meeting with the finance minister was held in Kolkata. Many senior members of Credai, including its new presiden... Read more...
Real estate developers have welcomed the government’s decision to make everyone above 18 years of age to be eligible for vaccination against COVID-19 from May 1, saying that it would enable migrant workers, especially construction workers to get vaccinated and help arrest another mass exodus of mi... Read more...