Search Results: Central Government (277)

Company News India real estate news, india property news, india realty news, realty news india, real estate news india, property news india, track2realty, track2media, natcon, credai

CREDAI 10th NATCON to focus on affordable housing

The 10th National Convention (NATCON) of Confederation of Real Estate Developers’ Association of India (CREDAI) is being held in New Delhi, Dec 16-17, and the focus this year is on the affordable housing. The convention will be attended by more than 600 leading real estate developers, heads of financial institutions, fund managers, bankers, state & central government representatives, realty professionals and international experts. The convention will highlight the areas of concern in providing affordable housing to meet the growing need of creating inclusive development in the sector.

Consumer Connect Consumer Protection, Home Buyers' Rights, Real Estate Consumer Cases, Consumer Protection Act, NCDRC, Advocate Devesh Ratan

Will new rules on consumer commissions help home buyers?

Home buyers point out that it is not only lengthy litigation that defeats their cause but also the fact that the builder continues to challenge the orders of the District Commission in higher courts. Over and above that the builder can also file multiple false cases against the harassed home buyers. The home buyers hence demand that the way NCDRC admits the challenged judgment of the State Commissions on a case-to-case basis, the State Commissions should also adopt the same practice.

Finance Real Estate Reforms, Real Estate Policies, Real Estate Budget Wish List

Urgent & definitive reforms needed for real estate

In his budget wish list, Amit Modi, Director, ABA Corp & President (Elect), CREDAI Western UP, points out that the real estate sector in India has been through one of the most difficult periods last year due the pandemic effected slowdown in the economy. While there was an upward trajectory in the last quarter of year 2020, due to correction in prices, availability of affordable home loans and the general realization towards the importance of having an adequate shelter during the pandemic, but to seriously start the process of sector revival, there is an urgent and definitive need for reforms from the forthcoming Budget.

Headlines Positives of 2020

Silver lining of 2020 for Indian real estate

Beyond the pessimism & optimism and, to some extent, more than expected recovery post the Covid-19 lockdown, the fact remains that 2020 has been by and large the most unforgettable year for the economy in general and the real estate market in particular. The old timers in the business even maintain that this has been even worse year than the global economic collapse after the Lehman crisis in 2008.

Editorial Aditya Kushwaha, Axis Ecorp

Shifting focus from metro cities to tourist destinations: Aditya Kushwaha

While the COVID-19 has by and large dented the confidence level of the real estate developers, Aditya Kushwaha, CEO & Director of Axis Ecorp believes there are silver lining for the players who are forward looking in their approach. In an exclusive interview with Track2Realty, Kushwaha asserts that the Work From Home trend would shift the focus from top metro cities to open spaces in and around the tourist destinations. He therefore urges the government to look at the Holiday Home segment as a priority sector.

Editorial Amit Modi, ABA Corp, County Group, Cherry County, Cleo County, County 107, Indian Real Estate Foreclosure, Property Foreclosure, Housing Loan Defaults, Coronavirus Impact on Property, Covid19 Affecting Real Estate

Escalation fears misplaced, input materials might be cheaper: Amit Modi, Director, ABA Corp

Lockdown is not a new reality for the developers across India, and more particularly in the Delhi NCR region. The NGT construction ban, often for months together, has hampered the execution cycle of the business. However, the comprehensive lockdown due to Coronavirus could multiply the woes of the business with supply chain hurdles leading to cost escalation, labour migration and the job losses in the market leading to standstill sales and even foreclosures. However, Amit Modi, Director of ABA Corp who is also a known face of CREDAI in this part of world thinks otherwise. In an exclusive video conferencing with Ravi Sinha, he feels some of the input costs might come down to clear the material inventory in a competitive market.  

Editorial Balvinder Kumar, Member, UP RERA in an interview with Ravi Sinha

Star Rating to be the game changer of real estate: Balvinder Kumar, Member, UP RERA

Balvinder Kumar, member of the UP RERA is no stranger to the functioning of the real estate and the government agencies. As a former bureaucrat, he has seen it as an insider with many key positions, including his stint with the high profile Delhi Development Authority (DDA). In an exclusive interview with Ravi Sinha, he shares his roadmap for making RERA an ideal platform for due diligence as well.  

Headlines Resilience, Real Estate Resilience, Real Estate in 2019, Real Estate in 2020, Real Estate Forecast, Real Estate Slowdown, Real Estate Revival

Remarkable resilience of Indian real estate in 2019

According to the World Bank, India ranks at 63rd among 190 countries, and the ranking is anticipated to improve further in the coming years backed by progressive government policies. Meanwhile, the real estate sector has shown remarkable resilience despite the bearish phase of the economy. Below is a lowdown of how the real estate story unfolded in 2019:

Market Rating Construction Dust and Real Estate, Pollution and Real Estate, Housing and Toxic Air, NGT Bans Construction

NCR property with health hazards of toxic air

Despite repeated attempts by Track2Realty, none of the developers with projects in the worst hit areas are ready to speak on camera. All of them are rather defiant that the construction ban is unfortunate disruptions and adversely affects the project timelines. The moot point nevertheless is can the builders in their collective consciousness shrug off the responsibility now? Do they wake up only when the NGT slaps the sector with construction ban? Can’t they switch to responsible urbanisation for future generations?These questions may not bother them but what they can’t afford to ignore is whether or not the housing sector in Delhi NCR would be paralysed if the city is not made worth breathing and worth living?” Unfortunately, there are more questions than what any of the stakeholders would like to answer with some honesty.

Column Indian Flag, Independence Day Special, Indian Real Estate Post Independence, Housing For All, Real Estate Reforms, History of Indian Real Estate

72 years of independence – A bittersweet dawn for India’s housing sector

It was not the magic wand it was hoped to be. However, over the past two years, the Real Estate Regulatory Act (RERA) has brought more sanity – and the return of consumer power – than seemed possible in such a short time. The real estate sector is still struggling with it and the Act is very much work-in-progress in many states, but RERA nevertheless hangs like a sword of Damocles over a previously unregulated industry. Eventual compliance across the board seems inevitable.

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