Only legitimate developers can afford funding in future
Ravi Sinha: To sum up the discussion, what kind of funding do you see emerging in the coming year?
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IPO was never a panacea for real estate
Sunil Dahiya: I will share a very personal experience. There was an IRS officer who was monitoring these IPOs at some level and said to me ‘Sunil you watch these IPOs, these are going to be windfall IPOs and then you will see watershed.
Realty high risk business for funding
Today we are looking at a situation where real estate is isolated by the Government as an industry it does not trust. It could be because it is too segregated, too micro for a Government to take note about 5000 developers which are organized under CREDAI.
Government getting cold feet on Realty Bill in Budget Session
The much talked about and widely anticipated Real Estate Regulation and Development Bill may not get cleared in the current Budget Session of Parliament, since the government is getting cold in the wake of the Union Government running into opposition from the states on a host of issues, including the proposed National Counter Terrorism Centre and Lokpal Bill.
Kolkata realty goes up but policy uncertainty affect projects
There is no doubt that the property prices in almost all the micro market of eastern city is going northwards, yet uncertainty looms large over Kolkata realty. There have been less transaction and even lesser new launches in the city, even when the state chapter of the Confederation of Real Estate Developers’ Association of India (CREDAI) demands ten satellite towns in the state.
CREDAI suggests to fine tune proposed master plan of Hyderabad
CREDAI, Hyderabad has given a number of suggestions, including developing townships in the peripheral areas, strengthening the transportation system, to help the GHMC fine-tune the proposed master plan.
CREDAI Bengal suggests 10 satellite townships in state
The Confederation of Real Estate Developers’ Association of India (CREDAI), Bengal has proposed 10 satellite townships to meet housing challenges caused due to rapid urbanization.
R&R burden on private builders will hit aam aadmi – CREDAI NCR
Strongly opposing the Resettlement & Rehabilitation (R&R) burden on private builders, Pankaj Bajaj, President, CREDAI NCR has said that this will hurt the realty sector and urban development.
UP Expressway scam looms larger than ever
Even though storm is not over Noida Extension land acquisition, another scam in UP Expressway has surfaced that could be India’s biggest land controversy.
Kisan Mazdoor Sabha demands ban on forced eviction of farmers
The All India Kisan Mazdoor Sabha has demanded that the new law for Land Acquisition being proposed by the Union Rural Development minister should include a complete ban on forced eviction of farmers.