RBI hike in repo rate will hit real estate hard: CREDAI Chief
The RBI move to raise the repo rate by 50…
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Affected Noida ext buyers invite all stakeholders to join stir
After the farmers, it seems the home buyers in Noida-Greater Noida are gearing up to take to streets.
SADC, Singapore wishes China’s savings into Indian realty sector
A prominent group in Singapore plans to act as a facilitator to bring in China’s savings into the Indian economy and other South Asian countries.
BFSI sector drives absorption of office space
An analysis of the recent revival of commercial real estate market in Mumbai shows that the Banking, Financial Services and Insurance (BFSI) sector has been primarily responsible for the huge uptake of office space.
JLL Asia Pacific property digest: Bangalore
Demand continued to be robust in Bangalore with corporates expanding and leasing large spaces.
Lack of teeth in Rural Development Ministry gives tainted companies lifeline
The Ministry of Rural Development has decided to get the names of the companies IL&FS Ltd, Infrastructure Kerala Ltd, Marg Ltd, Megha Engineering Infrastructure Ltd and Seri Infrastructure Finance Ltd cleared from the Ministry of Corporate Affairs.
Housing sector faces $70bn funding gap over 5 yrs
The Confederation of Real Estate Developers’ Association of India (CREDAI) has estimated that the sector will face a funding gap to the tune of USD 70 billion over the next five years.
Coming soon regulator for environmental clearances
Prime minister Manmohan Singh on Sunday, July 24, announced setting up of an independent environment regulator that would lead to a complete change in the process of granting environment clearances.
CREDAI blames NREGA for labour shortage in realty projects
After farmers complaining about shortage of labour due to NREGA, now CREDAI says real estate projects are experiencing time and cost over runs due to shortage of labour.
NAR signs bilateral deal with CREDAI for realty transparency
The National Association of Realtors, India (NAR-India) on Saturday, July 23, signed a bilateral agreement with CREDAI to make property purchases more transparent for buyers across the country.