CREDAI introduces a new transparency system for Chhattisgarh real estate developers, focusing on clear dealings, consumer redressal, and adherence to a code of conduct.
The Income Tax Department is investigating real estate deals in New Delhi to combat black money and tax evasion. They will scrutinize developer funding and individual transactions.
Despite an expected rate hike by RBI, home buying remains robust, with developers expressing confidence in residential sales as buyers seek to invest before potential price increases.
A recent CREDAI workshop in Mangalore, led by Minister Krishna J Palemar, addressed illegal construction and the need for more parking areas and road expansion.
Godrej Properties Reduces Net Debt to Rs. 4 Billion, Achieves Comfortable Debt-Equity Ratio
CREDAI warns that property prices may rise by 2.5% due to the new service tax implemented from July 1, 2010, which will ultimately burden buyers.
RICS India forms new boards and committees to enhance professionalism and transparency in Indian Real Estate
CREDAI's Visakhapatnam chapter introduces a code of conduct aimed at mediating disputes between builders and buyers while ensuring adherence to established guidelines.
MCHI is hosting the 13th India Realty Expo in Dubai from June 3rd-5th, 2010, to showcase Indian real estate opportunities to NRIs, featuring properties in cities like Mumbai, Pune, Goa, and Bangalore.
DLF plans to raise Rs. 2700 cr. by selling non-core assets to reduce debt by 33% this financial year.
Rising realty costs trouble homebuyers, 30% price hike since Aug 2009, experts anticipate 15% correction for market buoyancy.
CREDAI submits memorandum to Finance Ministry to remove service tax on under-construction housing complexes.
The real estate sector expresses concern over the newly imposed service tax on housing, urging the finance minister for reconsideration and better urban housing policies.
Despite 10-25% drop in property prices since 2008 and lower bank rates, homes remain unaffordable for India's growing middle class.
Lodha Developers Ltd. named among India's top ten builders by Construction World survey
Lalith Gangadhar Constructions to maintain transparency with escrow account for LGCL-Ashlar project
Shivalik Group, a leading real estate firm in Gujarat, aims for global expansion while maintaining strict quality in its projects and relationships.
IT-BPO sector's recession woes force real estate developers to shelve projects, slash rentals, and renegotiate leases in India
Urban Development Minister Jaipal Reddy seeks additional package to reverse real estate sector slowdown. Proposes measures including rationalization of home loan interest rates and increased tax exemption on rental income.
The Housing Ministry proposes tax breaks, price caps, and interest rate freezes for first-time homebuyers. It also suggests debt-restructuring for realtors and encourages housing for low and middle income groups.
The Pune Municipal Corporation has announced a 50% reduction in premium charges for small housing units under 50 square meters.
Public sector banks' interest rate cut for home loans up to Rs 20 lakh may induce some buying in the property market, but developers and experts believe it's not enough for a major boost.
Credai Orissa to reduce housing project prices by 5-10% in 2 months due to falling raw material prices.
Unitech to raise ₹2,500 cr by Jan via asset sales, PE funds & debt transfer to mitigate ₹8,200 cr debt
Housing demand in tier-II and tier-III cities plummeted by 35% in the first half of the fiscal year, primarily due to increased borrowing costs, as per Assocham's assessment.