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.
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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.
Noida farmers take to streets for more compensation
An estimated 300,000 homebuyers and home owners could be affected if farmers in 24 villages along the Noida-Greater Noida Expressway succeed in their agitation for the return of their land taken over by the Noida Authority in 2003.
Agitating Noida Extension farmers want more money, not land
Everybody wanted to hear this news—realtors, investors and home buyers. It seemed to be a case of who blink first.
MCHI hails BMC transparency move; calls for dedicated infrastructure fund
The Maharashtra Chamber of Housing Industry today welcomed the new FSI guidelines proposed by Brihanmumbai Municipal Corporation Commissioner Subodh Kumar as a consumer friendly move.
Stronger law on anvil to confiscate benami property, punish offenders
The government plans to enact the Benami Transactions (Prohibition) Bill, 2011, to replace the existing Benami Transactions (Prohibition) Act, 1988.
Godrej Properties, SBI enter realty projects marketing pact
Godrej Properties has entered into a pact with State Bank of India to market its realty projects to customers across India and overseas.
CapitaLand enters Indian hospitality sector
CapitaLand, one of Asia’s largest real estate firms, will spend…