Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

RBI Hike in Key Rates will Lead to Rise in Property Prices: CREDAI

Posted: 26 Jul 2011 07:48 PM PDT

Real-estate developers and property consultants termed the RBI hiking key rates as harsh and said it would compound the woes of the sector reeling under high input cost and poor sales. Pradeep Jain, chairman, Confederation of Real Estate Developers’ Association of India (CREDAI), said, "Unless steps are taken to improve supply system, this increase by [...]

Singapore Plans to act as Facilitator to bring China’s savings into Indian Real Estate

Posted: 26 Jul 2011 07:17 PM PDT

Singapore plans to act as a facilitator to bring in China’s savings into the Indian economy and other South Asian countries. Similarly, it has evinced interest in promoting the concept and practices of real estate investment trust (REIT) in India, reports Business Line. These were some of the immediate spin-off ideas that emerged during the [...]

Builders, Buyers Hopeful of Solution in Noida Extension Case

Posted: 26 Jul 2011 07:04 PM PDT

With the Allahabad High Court giving farmers an option of out-of-court settlement with GNDA, flat buyers and builders in Greater Noida today expressed hope that a solution will emerge before the August 12 deadline. “It’s a positive development. From blame game, now we are moving towards solution,” Confederation of Real Estate Developers’ Association (CREDAI) president [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

NAR & CREDAI Join Hands to Bring Transparency and Ethics in Real Estate Sector

Posted: 25 Jul 2011 07:54 PM PDT

National Association of Realtors India (NAR-India) and Confederation of Real Estate Developers Associations of India (Credai) have come together to bring transparency and ethics in property sales and other service offerings to customers. The two associations signed an agreement of cooperation to this effect on the sidelines of NAR-India's third annual convention here. "This [...]

RBI’s Move to Raise Repo Rates by 50 bps is Shocking: CREDAI

Posted: 25 Jul 2011 07:12 PM PDT

The Reserve Bank of India’s move to raise repo rate by 50 basis points comes as a shock for the real industry as the burden on account of increased rates of interest will hit the developers as well as home buyers, says Lalit Kumar Jain, National President CREDAI. “The cost of funding is going [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

Housing Sector will face Funding Gap of USD 70 billion in Next 5 Years: CREDAI

Posted: 24 Jul 2011 08:17 PM PDT

The Confederation of Real Estate Developers’ Association of India (CREDAI), an apex body of organised real estate developers in the country, has estimated that the sector will face a funding gap to the tune of USD 70 billion over the next five years. CREDAI President Lalit KumarJain said such a situation might create hurdles for [...]

Noida Extension Buyers Protest Peacefully; Submit memorandum to GNIDA

Posted: 24 Jul 2011 06:49 PM PDT

More than 2,500 home-buyers representing the Noida Extension Flat-Buyers Welfare Association (NEFBWA) held a huge peaceful protest and submitted a memorandum to the Chairman, Greater Noida Industrial Development Authority (GNIDA) at its Camp Office, Noida, requesting him to safeguard their interest in the wake of the stalling of real estate projects in the troubled Noida [...]
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