ABD to merge with CREDAI
The Association of Builders and Developers of Thrissur (ABD) will merge with the Confederation of Real Estate Developers’ Associations of India (CREDAI), the apex body for private real estate developers in India.
The Association of Builders and Developers of Thrissur (ABD) will merge with the Confederation of Real Estate Developers’ Associations of India (CREDAI), the apex body for private real estate developers in India.
Chintels India Ltd. has announced the launch of First phase of its 300 acres township project in New Gurgaon. Chintels Paradiso – a group housing project that will consist of more than 500 apartments is the first phase of a large development project.
Maharashtra Chambers of Housing Industry (MCHI), most prominent body of the real estate developers today described the Union Budget presented by the Finance Minister Pranab Mukherjee as “Budget with few positive steps focused on the common man who is interested in buying a house in rural and urban areas”.
The unfulfilled demand of more than 24 million houses in the country needs large scale impetus to achieve desired results. Allowing deduction for investment into affordable housing is a welcome step and will surely boost morale of housing industry and will accelerate investments in affordable housing.
The move to increase the priority housing loan limit to Rs 25 lakh was a positive one that will lead to increasing the base of home loan takers and thereby a boost for affordable housing.
Realty firm Ansal API is looking at a fund infusion of about Rs 500 crore from a host of private equity investors, including IL&FS Investment Managers and Red Fort Capital, for its ongoing construction work in north India.
Abu Dhabi is hosting a new India property show that will bring over 100 projects from across India for the Capital-based Non-Resident Indians (NRIs), according to its organiser Future Exhibitions and Promotions (FEP). The inaugural ‘India Property 2011’ is scheduled to be held from today, February 11-12, 2011 in Abu Dhabi that will showcase affordable and hi-end luxury properties with competitive prices in the market starting from Rs1 million to Rs10 million.
Dun and Bradstreet (D&B) India has announced the launch of ‘Millionaire Homes 2011’, after the successful series of Millionaire Homes 2009 and 2010 held in Mumbai, Delhi, Bangalore, Chennai and Hyderabad. The event is designed as a platform for connoisseurs of lifestyle and fine living, to experience some of the finest concepts in luxury homes in India.
The 2009 Mr. Salim committee report (parliamentary standing committee on housing) lays great emphasis on accelerating housing supply through increasing housing stock and promoting rental housing. It also refers to 24 million home shortage which will soon be 27 Million and ever increasing.
As world business and political leaders today convene at the World Economic Forum Annual Meeting 2011 in Davos, Switzerland, Jones Lang LaSalle Chief Executive Officer Colin Dyer is speaking on four commercial real estate trends that are emerging as dominant forces supporting the global economic recovery in 2011.