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Realtors say no scope for further cut in housing prices

Realtors say no scope for further cut in housing prices

 Realtors' apex body CREDAI today said there is no scope for further reduction in housing prices as this would lead to rise in NPAs and non-delivery of real estate projects.

Ready-to-move-in flats command price premium of upto 21%

Ready-to-move-in flats command price premium of upto 21%

Consumers are preferring to purchase ready-to-move-in homes, which command a price premium of up to 21 percent, than properties under-construction because of huge delays in completion of projects, according to a report.

 

Cabinet approves Real Estate Bill; developers to deposit 70% of project cost in separate account

Cabinet approves Real Estate Bill; developers to deposit 70% of project cost in separate account

Union Cabinet chaired by Prime Minister Narendra Modi approved several amendments to the Real Estate (Regulation and Development) Bill, 2015 aimed to protect the interests of buyers while at the same time promoting investments in the sector.

Over 75% real estate projects non-starters: Assocham

Over 75% real estate projects non-starters: Assocham

Over 75 percent of 3,540 live real estate projects with outstanding investments of more than Rs 14 lakh crore remained non-starters as of 2014-15, an Assocham study said.

Godrej Properties joins hands with Snapdeal

The tie-up with Snapdeal will offer customers increased flexibility and unique offers at the time of booking, it added.

Housing sales may not recover in 2015-16 fiscal: India Ratings

Housing sales are unlikely to recover in the next fiscal as high property prices have made residential units unaffordable for end-users, India Ratings & Research said while maintaining a negative to stable outlook on the real estate sector.

UP ranks highest in new investments in real estate sector

UP has been ranked top with maximum share of about 40 percent in the new investments attracted by real estate sector among top 20 states across the country during the first quarter of current fiscal.

Supertech to invest Rs 5500cr in 3-4 yrs for North India projects

Realty firm Supertech Friday said it will invest around Rs 5,500 crore in the next 3-4 years to develop residential projects and acquire land in North India.

Final report on realty approvals to be submitted by month-end

The committee appointed by the Ministry of Urban Development to streamline approval procedures for real estate projects is expected to submit its report by the month-end, a senior official said here Thursday.

Making efforts to reduce time lag in approval process: FM

Seeking to assuage concerns over inordinate delays in giving approval to mega projects, Finance Minister Pranab Mukherjee on Sunday said the government is making efforts to reduce the time lag in clearing the proposals.

Paracor to invest $200 in housing projects

The Mauritius-based private equity fund Paracor Capital Advisors is planning to raise USD 200 million to invest in real estate projects in the country, a top company official has said.