Tag Archive | "CREDAI"
Real Estate Regulation Act can Increase Housing Prices by Rs 300 per sq ft- CREDAI
The Confederation of Real Estate Developers’ Associations of India has expressed reservations about the proposed Model Real Estate (Regulation of Development) Act in its present form, saying it could lead to an escalation of prices of housing stock in the country by Rs 300 per sq ft. The bill would be placed before Parliament soon. Terming [...]
Continue reading...Construction sector facing 10 mn workers shortage: Credai
Wednesday, July 7, 2010
The construction sector is facing labour shortage of around 10 million persons in any given day and the situation will worsen in next decade when requirement for workers is expected to go up three-fold, realtors’ body Credai said today. “The total requirement of skilled and unskilled labourers in the construction sector, including real estate, is 33 [...]
Continue reading...CREDAI Strengthens Presence in South Indian States
Wednesday, June 23, 2010
The state chapter of the Confederation of Real Estate Developers’ Associations of India (CREDAI), Tamil Nadu, the apex body for real estate developers in the country, recently announced the launch of its Coimbatore, Madurai and Tiruchy chapters. Realty organisations from across Coimbatore, Madurai and Tiruchy would now be a part of CREDAI Tamil Nadu for [...]
Continue reading...Ahmedabad: 3 city realty firms plan IPOs
Thursday, June 17, 2010
The changing skyline of Gujarat cities is also changing the rules of the game for realtors. With the cities pushing their boundaries and big realty firms eyeing a pie in the development cake, local developers are turning to capital markets to raise resources to ride the next growth wave. While JP Infrastructure Ltd (JPIL), popularly known [...]
Continue reading...Realtors wait for new regime
Monday, June 7, 2010
With the Left Front losing the mandate in the Kolkata Municipal Corporation (KMC) elections, city real estate developers are keenly awaiting Mamata Banerjee’s policies towards the development of city infrastructure. Interestingly, KMC for the last five-six years, had been earning money by selling land to developers in prime locations through the bidding process. According to sources, KMC [...]
Continue reading...House prices may go up 4% on service tax
Thursday, May 6, 2010
Prices of residential flats are likely to go up by 4% in a couple of months, notwithstanding the recent relaxation in the service tax. The latest Union Budget had imposed a 3% service tax on builders, while the state would impose VAT of 1% on a flat’s price. Though the service tax has been waived off [...]
Continue reading...Realty cos not ready for IFRS switch
Saturday, April 17, 2010
For years, developers in India have been recognizing revenue the moment an agreement for sale of a flat is signed. They do this after completing about 20-25% of the total construction work, mainly to assure investors that the project is safe. So, under India’s Generally Accepted Accounting Principles (GAAP), revenue is earned the moment an [...]
Continue reading...CREDAI Submits Memorandum Demanding Removal of Service Tax on Housing Complex under Construction
Thursday, April 15, 2010
Real estate industry body Confederation of Real Estate Developers’ Associations of India (CREDAI) has submitted a memorandum to the Finance Ministry, asking the government to remove service tax on housing complexes under construction. “We have put forth our concerns and recommendations and also discussed the probable impact of the provisions with the Ministry. We are [...]
Continue reading...Gujarat realtors eye biz in Latin America
Wednesday, April 14, 2010
About 100 realtors from Gujarat have planned a visit of Brazil and Argentina in July to explore business opportunities there. Unlike previous overseas trips, which were mostly academic in nature, the builders are now looking at opportunities to develop greenfield realestate projects in the two Latin American countries. The fortnight-long tour is to be organised jointly by [...]
Continue reading...Prices of properties to rise 12 Pc by year-end
Friday, April 2, 2010
Prices of properties may rise over 12 per cent from its present levels by the end of this year due to the rising costs of inputs like cement and steel, service tax levied on real estate industry and high cost of funds. While cement prices have risen by Rs 20 per bag, steel prices have also [...]
Continue reading...Realty body may move court over tax on land cost
Monday, March 29, 2010
The Confederation of Real Estate Developers’ Associations of India (Credai) today said it would consider taking the government to court if its demand for excluding land cost from the proposed service tax on housing complexes under construction was not met. “There is an option of approaching the court and Credai will decide to go to court, [...]
Continue reading...Budget 2010: No surprises
Saturday, March 6, 2010
Tax relief and interest rate subsidy will accelerate the growth of affordable housing While the real estate sector has welcomed the i budget as “growth-oriented”, some realty experts have termed it a “mixed bag” which has its “positives and negatives.” HT Estates looks at how the budget proposals will i affect the common man and the developer. i [...]
Continue reading...Time for a realty regulator?
Saturday, February 20, 2010
End users have for long demanded a real estate regulator to safeguard their investment, saying that it is the single largest investment a person makes in his lifetime. But, many developers are against it, arguing that they may be targeted, and that the regulator would only add to red tape Are you a victim of [...]
Continue reading...CREDAI Tamil Nadu comes up with Low Home Loan Offer
Friday, February 12, 2010
The Tamil Nadu chapter of the Confederation of Real Estate Developers’ Associations of India (CREDAI) on Thursday announced an interest subvention scheme for those purchasing properties from its 45 members. Addressing a media conference on ‘Fairpro 2010,’ the third in the series of annual property fair of CREDAI-Tamil Nadu, Chairman of Fairpro 2010 Sandeep Mehta [...]
Continue reading...Gujarat Builders Eyeing Real Estate Property in Dubai
Saturday, January 9, 2010
Around 100 Gujarat builders will bid for over 150 properties in Dubai at an auction to be held at the ballroom of the world’ tallest building, Burj Khalifa. A delegation of Confederation of Real Estate Developers of India (CREDAI), Gujarat chapter, is going to Dubai to attend the national convention of CREDAI on January 23. [...]
Continue reading...
- OCUS Group Announces the Launch of its Second Commercial Project in Gurgaon
- Builders have no right to sell stilt parking: Supreme Court
- FAR raised, Noida set to grow taller, greener
- Now you can make 3-storey house in Noida
- HDFC raises home loan rates by 50 bps
- MP builder cites staff crunch for project delay
- GURGAON TO CP BY METRO RAIL FROM SEPTEMBER 3
- Consumer Affairs Ministry Gives Green Signal to 49% FDI in Multi-Brand Retail
- Maharashtra Govt Prohibits Use of Petrol Pump Land for Real Estate Purpose in Mumbai
- 6 Chennai Projects Get Top Ratings from CRISIL
Wednesday, July 28, 2010
0 Comments