Credai

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Banks not passing lower interest rate benefits to borrowers, developers: CREDAI tells RBI
Business

Banks not passing lower interest rate benefits to borrowers, developers: CREDAI tells RBI

Realtors' apex body CREDAI has written a letter to RBI, complaining that banks are not passing lower rate benefits to home loan borrowers and cash-starved developers

Real estate players want banks to pass on benefit of rate cut to customers; demand one-time debt restructuring
Business

Real estate players want banks to pass on benefit of rate cut to customers; demand one-time debt restructuring

Real Estate sector can act as a catalyst in resurrecting the economy, backed by stringent fiscal and non-fiscal measures," CREDAI President Satish Magar said in a statement.

Coronavirus lockdown: Labour unions accuse BS Yediyurappa of giving in to real estate lobby after Karnataka cancels special trains for migrant workers
India

Coronavirus lockdown: Labour unions accuse BS Yediyurappa of giving in to real estate lobby after Karnataka cancels special trains for migrant workers

In a tech park in Garudacharpalya, civic officials had to be called after 1,600 labourers were locked in their camps after they had demanded pending wages to return home.

Coronavirus Lockdown: Realtors start construction in Gurugram, waiting for permission in Noida, Gr. Noida
Business

Coronavirus Lockdown: Realtors start construction in Gurugram, waiting for permission in Noida, Gr. Noida

Construction activities have resumed in some real estate projects in Gurugram with existing labour force, but builders in Noida and Greater Noida are waiting for permission from the local administration, according to industry bodies

Coronavirus Outbreak: Real estate industry hails RBI move to boost liquidity in system
Business

Coronavirus Outbreak: Real estate industry hails RBI move to boost liquidity in system

The real estate industry on Friday hailed RBI's decision to boost liquidity into the system and provide relief to loans taken from NBFCs for commercial projects, but sought one-time restructuring of their loans and a stimulus package to help the sector in battling the crisis caused by the lockdown to control COVID-19

Lockdown: Realtors hail govt move to allow construction with limited labour force, say raw materials availability an issue
Business

Lockdown: Realtors hail govt move to allow construction with limited labour force, say raw materials availability an issue

The real estate industry on Wednesday said the government''s decision to allow construction on those projects where labourers are already available on sites will solve the problem of migrant daily wage workers but said availability of raw materials may be an issue

Coronavirus Outbreak: HDFC chairman Deepak Parekh sees 20% drop in property prices
Business

Coronavirus Outbreak: HDFC chairman Deepak Parekh sees 20% drop in property prices

HDFC Chairman Deepak Parekh on Tuesday said he sees 20 percent drop in property prices of unsold residential inventory, and advised developers to offload their stocks to enhance liquidity position

Coronavirus Outbreak: Realty sector welcomes lockdown extension, seeks relief package to cushion liquidity crisis
Business

Coronavirus Outbreak: Realty sector welcomes lockdown extension, seeks relief package to cushion liquidity crisis

The real estate industry on Tuesday welcomed the decision to extend the lockdown period till 3 May, but said the government should allow limited construction activities with proper safety and also provide a relief package to ease the liquidity crisis faced by builders

Coronavirus Outbreak: HDFC chairman Deepak Parekh pushes for one-time restructuring of realty accounts
Business

Coronavirus Outbreak: HDFC chairman Deepak Parekh pushes for one-time restructuring of realty accounts

HDFC Chairman Deepak Parekh on Tuesday pushed for a one-time restructuring of stressed real estate accounts and relaxation in the classification of NPA norms to 180 days from 90 days to help the sector which has been severely affected due to COVID-19 related disruptions

Coronavirus: CREDAI says property sales, construction affected; seeks govt help to tide over crisis
Business

Coronavirus: CREDAI says property sales, construction affected; seeks govt help to tide over crisis

Realtors' apex body CREDAI has said the construction work has come to a standstill while sales have been hit following the outbreak of coronavirus, and demanded the government to provide a three-month moratorium on debt repayment, additional liquidity and more time to complete ongoing real estate projects

Poor dam management, manipulated flood lines in Maharashtra leave people living along riverbanks at the mercy of raging waters during monsoons
India

Poor dam management, manipulated flood lines in Maharashtra leave people living along riverbanks at the mercy of raging waters during monsoons

The rainfall pattern is getting erratic by the day, where dry spells are widening and days of torrential rains increasing, which exposes people who live close to the rivers to further flooding.

NAREDCO's HousingForAll.com portal can be Amazon for real estate: Housing secretary Durga Shanker Mishra
Business

NAREDCO's HousingForAll.com portal can be Amazon for real estate: Housing secretary Durga Shanker Mishra

Housing and Urban Affairs Secretary Durga Shanker Mishra on Tuesday launched realtors' body NAREDCO's e-commerce platform for marketing of completed residential units and said the portal has potential to become "Amazon of Indian real estate"

Rs 25,000-cr fund for real estate sector: Realtors welcome govt's decision, say move will solve long-pending problem of homebuyers
Business

Rs 25,000-cr fund for real estate sector: Realtors welcome govt's decision, say move will solve long-pending problem of homebuyers

Deloitte partner Rohinton Sidhwa said getting stalled real estate projects moving through government-sponsored funding will breathe life into the housing market.

Govt's boost to real estate disappointing, says CREDAI; key demands such as tax rebate yet to be addressed
Business

Govt's boost to real estate disappointing, says CREDAI; key demands such as tax rebate yet to be addressed

CREDAI's national chairman Jaxay Shah said the fund created for completing the stalled real estate projects will have limited impact.

NHB's move to ban subvention scheme 'impulsive', must be withdrawn: Realtors' body CREDAI
Business

NHB's move to ban subvention scheme 'impulsive', must be withdrawn: Realtors' body CREDAI

The National Housing Bank's (NHB) decision to ban lending by housing finance companies under subvention scheme was "impulsive" and should be rolled back to boost sales, realtors' body CREDAI Chairman Jaxay Shah said here on Wednesday

Indian real estate companies should partner with Israeli counterparts: Prime Minister Benjamin Netanyahu
Business

Indian real estate companies should partner with Israeli counterparts: Prime Minister Benjamin Netanyahu

Israeli Prime Minister Benjamin Netanyahu on Tuesday asked Indian real estate developers to partner with Israeli counterparts to boost productivity and profitability

Union Budget 2019: Realtors body NAREDCO calls for boost to rental housing through incentives like 10-year tax holiday
Business

Union Budget 2019: Realtors body NAREDCO calls for boost to rental housing through incentives like 10-year tax holiday

Realtors body NAREDCO has demanded a boost to rental housing in the upcoming budget from the government through incentives like 10-year tax holiday to real estate developers on the profit earned from the business

Union Budget 2019: CREDAI seeks bank funding for developers to buy land for affordable housing projects
Business

Union Budget 2019: CREDAI seeks bank funding for developers to buy land for affordable housing projects

Realtors apex body CREDAI in its budget wish list has demanded that banks should fund developers to buy land for development of affordable housing projects

RBI's decision to cut repo rate will boost housing demand if banks pass on benefit to customers: Realtors
Business

RBI's decision to cut repo rate will boost housing demand if banks pass on benefit to customers: Realtors

The RBI lowered the benchmark lending rate by 25 basis points to a nearly nine-year low of 5.75 percent

Realtors want banks to pass on rate cut benefits to borrowers, say will trigger home buying into actual sales
Business

Realtors want banks to pass on rate cut benefits to borrowers, say will trigger home buying into actual sales

The RBI's decision to cut the key interest rate will boost housing sales and lift market sentiment, property developers and consultants said