Second Covid-19 wave: MahaRERA grants six-month extension to developers till October
NEW DELHI: The Maharashtra Real Estate Regulatory Authority on Friday allowed a six-month relief to builders to deliver projects by accepting their demand for invoking the ‘force majeure’ clause because of the second Covid-19 wave. This is the second time in the pandemic that the authority has granted such a relief for the builders in […]
Developers need to upgrade and adopt new technologies and construct as per consumers’ demand
NEW DELHI: With an objective to boost the real estate growth and development, NAREDCO has hosted a Workshop on ‘Sales and Marketing in real estate in current times’ along with EY (knowledge provider), on a common digital platform to shared ideas and experiences of all real estate stakeholders and come to a solution to increase […]
Real estate developers want banks to pass on benefit of rate cut to customers; demand one-time debt restructuring
NEW DELHI: Real estate developers on Friday welcomed cut in key interest rates but said the RBI needs to take more steps, such as one-time debt restructuring of builders loan, to provide relief to the industry which has been hit badly by the lockdown. The RBI needs to ensure that banks pass on the benefits […]
Developers need to compromise prices to sell off inventory post Covid-19: Deepak Parekh
NEW DELHI: HDFC Ltd Chairman, Deepak Parekh has urged Real estate developers to compromise on the property pricing to sell-off unsold inventory to generate liquidity rather than going in for costly borrowings post the COVID crises at the Housing For All 2020 knowledge series webinar organized jointly by the real estate industry body NAREDCO and […]
Developers welcome buyers with Diwali Offers
NEW DELHI: Festive season is traditionally considered to be an auspicious time for buying properties. It is a time when most of the developers launch especial offers including discounts on properties, gold coins on every purchase to organising lucky draws, developers adopt every trick to attract buyers. Naturally, people come out in large numbers to […]
Festive offers by real estate developers
NEW DELHI: Festive season is traditionally considered to be an auspicious time for buying properties. It is a time when most of the developers launch especial offers including discounts on properties, gold coins on every purchase to organising lucky draws, developers adopt every trick to attract buyers. Naturally, people come out in large numbers to […]
Real estate developers welcome measures announced by Nirmala Sitharaman
By Deepshikha Singh NEW DELHI: The real estate sector has welcomed the new measures announced by Finance Minister Nirmala Sitharaman to revive the economy especially announcement of Rs 20,000-crore fund to complete stalled projects. Interestingly, the government has not announced measures to create demand, which is necessary to rid the sector of unsold inventory and persistent […]
Real estate developers applaud the decision to cut GST rate on under-construction flats , affordable housing
NEW DELHI: Real estate players and National President, National Real Estate Development Council (NAREDCO) have welcomed the reduction in the goods and services tax (GST) rates on under-construction housing properties to 5 per cent without input tax credit, from the existing 12 per cent. Here’s what the realty major, NAREDCO have to say to about reduction […]
Real Estate Developers reaction on RBI Policy
NEW DELHI:In the Sixth Bi-monthly Monetary Policy Statement, 2018-19 Resolution of the Monetary Policy Committee (MPC) Reserve Bank of India, revised the policy repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5 per cent to 6.25 per cent with immediate effect. Go through the reaction of real estate developers on […]
Real estate developers in Telangana asked to register projects
HYDERABAD: The Telangana government on Tuesday asked all builders and developers who have obtained permission for real estate projects on or after January 1, 2017 to get their projects registered with the concerned authority, immediately. “All the builders/developers who have taken permission for real estate projects on or after January 1, 2017 having about 500 […]