A recent RTI reveal indicates Vadodara has over 1 lakh vacant properties, prompting debate among real estate experts and authorities about the figures' accuracy.
India's residential market nearing price correction due to weak home sales, forcing builders to cut prices, reports CBRE, with Mumbai, Chennai, Hyderabad, and Delhi experiencing significant sales drops.
Developers express mixed views on the real estate regulatory bill, citing concerns about one-sided punishment and the need for a more balanced approach.
The Prime Minister's Office has intervened to expedite the long-pending Real Estate Regulatory Authority Bill, addressing inter-ministerial concerns and seeking to protect buyers' interests.
NGT's groundwater ban for construction halts Noida, Greater Noida projects. Builders await clarification, while homebuyers worry about rising costs and project delays.
CREDAI expresses reservations regarding the potential success of MIDC's updated SEZ policy, which allocates additional land for housing development. They insist concessions must be offered.
Real estate experts predict a prosperous 2013, citing favorable government policies as key drivers for growth and transparency in the sector.
Odisha real estate builders fear market slowdown due to recent scams. CREDAI-Odisha Chapter forms scrutiny committee to restore trust.
Indore's real estate market sees builders offering significant discounts and freebies to stimulate demand and attract buyers amid ongoing downturns.
The real estate sector anticipates a prosperous 2013, following a challenging 2012 marked by slow market activity. Experts are optimistic, citing potential from policy changes and investments.
India's new Land Acquisition Bill mandates landowner consent, impacting residential prices. Real estate experts predict rising housing costs due to increased compensation and project complexities.
CREDAI urges Parliament for consumer-friendly real estate reforms, citing stalled projects and the need for "Home for All." They criticize the one-sided regulatory bill and suggest a single-window clearance system.
CREDAI urges real estate developers to lower property prices to address high unsold inventory, amidst suggestions from Finance Minister P Chidambaram for economic revival.
CREDAI urges Bengal government to repeal the Urban Land Ceiling Act, citing it as a hindrance to real estate development.
CREDAI criticizes MHUPA's new Real Estate Bill, fearing increased corruption and negative impact on affordable housing and the real estate sector.
Punjab Government Announces New Real Estate Policy by December; Focuses on Infrastructure and Power Sufficiency
CREDAI welcomes Andhra Pradesh government's online building plan approval system, anticipating reduced costs, faster approvals, and decreased corruption in real estate.
RBI's decision to hold key policy rates steady has disappointed real estate developers, who were hoping for a reduction in borrowing costs. Industry leaders believe this will negatively impact the sector and hinder funding for projects.
Maharashtra High Court orders real estate builders to pay 5% VAT by October 31, but many developers are pressuring buyers to pay due to lack of proper records.
CREDAI urges faster environmental clearances to meet the rising housing demand. Lalit Kumar Jain highlighted project delays due to the Ministry of Environment.
Odisha real estate developers welcome the government's decision to allow 51% retail FDI, believing it will boost the real estate sector and the state's economy.
Odisha real estate developers welcome the government's decision to allow 51% FDI in retail, believing it will boost the real estate sector and the state's economy.
CREDAI criticizes Maharashtra's policies as investor-unfriendly, prompting a shift towards Gujarat for real estate investment, driven by high costs and slow approvals in Mumbai.
CREDAI anticipates a 20% rise in housing sales in major Indian cities, spurred by lower interest rates. They also address environmental clearance delays.
West Bengal government plans to allow real estate builders to resume construction of townships after a six-month halt. The state may grant 14Y clearance for projects if 51% is set aside for commercial purposes.