Category: Cement

Credai appeals to the state government for keeping RR rates to be identical for the buyer interest.

February 14, 2020

The Confederation of Real Estate Development Association of India (Credai) has requested the state government to keep ready reckoner (RR) rates unchanged for the next financial year and the existing high rates in some regions. The appeal comes even as local representative district meetings are on in the state for recommendations on RR rates. The […]

Credai appeals to the state government for keeping RR rates to be identical for the buyer interest.more

India Ratings and Research have revised outlook negatively on the construction industry.

India Ratings and Research (Ind-Ra) has maintained an adverse outlook for 2020-21 (April-March) on the overall real estate sector. The government’s stimulus packages for the industry provide little hope, given the limited financial flexibility and restricted availability of credit to businesses. Among players in grade-I residential real estate, commercial and retail project development and operations, […]

India Ratings and Research have revised outlook negatively on the construction industry.more

Residential sector saw an upward trend; sales grew by 5% in December month.

February 13, 2020

The residential property market in the nation is starting to look up. India’s Top 35 real estate markets, including Tier I and Tier II, saw 3 per cent annual growth, as well as 5 per cent sequential growth in sales in the quarter ended December. Of these, 27 cities recorded an upward trend in sales […]

Residential sector saw an upward trend; sales grew by 5% in December month.more

Buyers can seek a refund from a real estate firm that is undergoing insolvency.

February 12, 2020

The National Company Law Appellate Tribunal (NCLAT) ruled that insolvency proceedings initiated by a flat buyer or financial institution would be pursued only with respect to the project in dispute and would not impact any other projects of developers. The whole insolvency procedure started at the behest of either a flat buyer or a bank […]

Buyers can seek a refund from a real estate firm that is undergoing insolvency.more

Developers facing denial on bailout scheme applications.

February 11, 2020

More than two years after a bailout scheme for stalled slum rehabilitation projects was initiated by the state government by providing soft loans, not a single builder has benefited from it. In October 2017, the government had partnered with the SBI the state-run Shivshahi Punarvasan Prakalp Limited (SPPL), to provide loans between Rs.5 crore – […]

Developers facing denial on bailout scheme applications.more

A step to eliminate construction waste has been initiated by Bhubaneswar Municipal Corporation.

The Bhubaneswar Municipal Corporation (BMC) will establish an online portal that displays the status of construction work and reports the waste left by different departments. The online site, which will include construction work information of various departments, is intended to take responsibility for the Construction and Demolition (C&D) waste department and enable it to go […]

A step to eliminate construction waste has been initiated by Bhubaneswar Municipal Corporation.more

Demand for luxurious housing mounts in South Mumbai.

February 8, 2020

Regardless of the sloppy economy, the demand for luxury property in Mumbai is growing, and developers are preparing to fulfill it. The buyer’s first choice of housing would be luxurious towers in South Mumbai. Living lavishly in a quaint Mumbai neighborhood with plenty of modern facilities and near to all the key destinations. The country’s […]

Demand for luxurious housing mounts in South Mumbai.more

GHMC launches online portal to sell TDR certificates.

On February 6, the Greater Hyderabad Municipal Corporation (GHMC) launched an online portal to support the sale of TDR. It has features like the issue, use, sale of TDR certificates and existing certificates data. The site is recognized as TDR Bank. It was initiated by KT Rama Rao, Minister of Municipal Administration and Urban Development […]

GHMC launches online portal to sell TDR certificates.more

High Court imposes ban on NRIs from purchasing residential property in India.

February 7, 2020

The High Court of Madras proposed that non-resident Indians should be banned from buying homes in India, speculative sales should be prohibited, and a 100% additional stamp duty on purchases of second homes should be imposed. As party respondents, the Court itself impleaded the Union housing and finance ministries. We also asked questions about the […]

High Court imposes ban on NRIs from purchasing residential property in India.more

Developers are providing an extended warranty to retain customer confidence.

February 3, 2020

Real estate is one of those industries where product assurance remains in question until the Real Estate (RERA) Act (Regulation and Development) made it mandatory for all projects in 2017. In some of the major real estate markets, quality construction is still a value proposition, with buyers willing to pay a premium, for return for […]

Developers are providing an extended warranty to retain customer confidence.more

Category: Cement

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