CREDAI requests RBI to pass on the benefit of the Rate Cuts

NEW DELHI: CREDAI, the apex developer’s body has written a letter to Shaktikanta Das, Governor, Reserve Bank of India requesting to pass on the benefit of reduction in repo rates and reverse repo rates to NBFCs and HFCs. “During the current crisis emanating from the COVID-19, RBI has announced various measures to infuse liquidity in […]

Need loan restructuring, lower GST, dedicated fund for stalled housing projects: CREDAI

NEW DELHI:Faced with liquidity crunch, realtors’ apex body CREDAI on Thursday sought one-time restructuring of loans provided to the sector as well as a dedicated fund for the completion of stalled housing projects. It also demanded reduction in the GST rate for under-construction homes at 8 per cent from the current 12 per cent, besides […]

Housing prices may fall after govt moves green norms to purview of local bodies: CREDAI

NEW DELHI: Housing prices may fall as project approval is likely to be faster after government’s decision to delegate powers to local bodies for compliance of green norms for 20,000 to 50,000 sq-mt projects, CREDAI said. The apex realtor body, which has more than 12,000 members, said the time taken for approvals of housing projects […]

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