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 criticizes MHUPA's new Real Estate Bill, fearing increased corruption and negative impact on affordable housing and the real estate sector.
Removing the cap on loans has boosted NRIs' desire to invest in Indian real estate. Approx. 90% of NRIs in UAE prefer real estate investment in India.
Global sports icons like Maria Sharapova and Michael Schumacher are endorsing real estate projects in India, aiming to attract high-end clientele and rejuvenate the market.
CREDAI welcomes Andhra Pradesh government's online building plan approval system, anticipating reduced costs, faster approvals, and decreased corruption in real estate.
Mumbai's real estate exhibition has reignited hope among builders for a festive revival despite sluggish sales and stable prices in the market.
CREDAI urges faster environmental clearances to meet the rising housing demand. Lalit Kumar Jain highlighted project delays due to the Ministry of Environment.
Gurgaon farmers allege land grabbing by real estate developers with the consent of the Authority. They claim that government urbanization plans are meant to benefit developers, not farmers.
The Allahabad High Court halted construction on residential projects in Noida Sectors 120 and 75 after farmers petitioned, alleging improper land acquisition processes.
CREDAI urges 10,000+ members to reject bribery, combatting corruption allegations in real estate. President Lalit Kumar Jain announced an "all-out war" against corruption, advocating for administrative reforms and transparency.
CREDAI expels and witnesses the resignation of several developers over non-compliance with its transparency-focused code of conduct.
Mumbai land prices, already the highest in India, are expected to continue their 15 percent decline this year due to high borrowing costs and the need for developers to sell.
Koramangala, once overlooked, has transformed into a prime real estate hub in Bangalore, with rising rentals and limited commercial space, reflecting its growing desirability.
Mumbai faces longer sales times for its 1.13 lakh unsold units due to high prices, despite having fewer unsold units than Delhi NCR. Rate cuts by RBI could boost sales.
West Bengal government proposes amendment to ULCA, requiring developers to reserve 30% of apartments for low-income groups.
Despite price rises of up to 166% in some Indian cities, NRI investment in real estate remains strong, driven by desire for a second home and favorable government policies.
Real estate developers rally as banks cut home loan rates, sparking hopes of increased property sales.
Mr. Lalit Jain from CREDAI advocates for reforms to boost housing construction, urging the Central Government to address delays, land costs, and taxation issues.
Real estate brokers are underwriting new projects for developers facing a cash crunch in major metros, impacting sales figures and market stability.
Realty Plus Excellence Awards 2012 series concludes on March 21, celebrating key contributors to North India's real estate sector.
India's finance minister relaxes borrowing norms for real estate firms and extends loan subsidy for affordable housing, but industry leaders deem it insufficient.
Developers offer 'monsoon discounts' to boost sales during lean season, with discounts ranging from 10-20% in cities heavily affected by monsoon.
Mumbai's commercial real estate market faces a significant downturn, with a 68% drop in demand. Experts predict an interesting year ahead for the sector despite challenges.
DLF Ltd reports 4.8% drop in net profit for FY 2011, with a 19% decline in Q4 net profit.
RBI's interest rate hike impacts real estate, increasing construction costs and home loan rates. Developers face a cash crunch, while potential homebuyers confront rising borrowing expenses.