Ghaziabad: In order to encourage prompt development in Ghaziabad, a meeting by CREDAI Ghaziabad was held wherein a number of developers turned up to exchange views and opinions to bring about significant change in the district. The developers expressed their views on RERA and discussed the challenges being faced due to the enactment of law. The members like Manu Garg, President of Ghaziabad and Gaurav Gupta, General secretary of CREADI Ghaziabad marked the apprising meeting and suggested various measures to combat civic and infrastructure related issues such as untreated sewage, underpass drainage, pollution, lack of greenery and more. The members…
Author: Hrishi Kumar
With the auspicious nine days of Navratri commencing from tomorrow, we kickstart the festive season for the year that is expected to bring cheer to the real estate buyers planning a property purchase during this time around. Due to the religious sentiments of the Indian buyers, demand for property gets increased during this season and developers also leave no stones unturned to attract the buyers in order to boost the sales. Each year during the festive season, developers come out with unique schemes and offers in order to woo the customers towards buying property and thus, sales performance gets better.…
As we inch closer towards the end of the fifteen days of Pitrapaksha (Shraadh), a pre-festive culture in India where ancestors are prayed and remembered, our country gets into the merry mode with couple of months long festive season that begins with the nine days of Navratris and concludes with the festival of lights, Deepawali. With high sentimental values of the people towards these auspicious occasions during the season, it is a belief in our country that buying property, vehicle, gold or anything with high value is regarded as a lucky purchase, and thus footfalls and sales in these sectors…
With the Goods and Services Tax (GST) completing its first month of operations, today’s RBI bi-monthly policy review offered a huge sigh relief as the apex bank cut down the Repo rate by 25 basis points, bringing it down to 6 percent from 6.25 percent previously. Riding high on the decreased inflation for the last couple of quarters, a rate cut was pretty much on the cards today. This review by RBI was the third for this financial year 2017-18 and fourth for the running calendar year. After today’s monetary review, Repo rate drops to 6 percent, Reverse Repo rate…
Off late, the Indian realty sector has started to move towards becoming more and more organised as we see it getting stronger towards the reforms front. With RERA’s inception in the sector and majority of states making it operational, investors’ and buyers’ sentiments has started to pick up pace. With the input tax credit to be passed on by the developers to its customers, the post GST real estate sector is expected to bring about a fresh series of demand in the next few months. Government’s plan for Affordable Housing, Smart Cities, AMRUT, Housing for All and other infrastructural advancements…
Catalysed by the availability of affordable homes, superior connectivity, great advancements in infrastructural developments and what all has been planned in terms of future growth prospects; New Gurgaon has off late emerged as a spirited residential and commercial hub in the National Capital Region. New Gurgaon has been immaculately planned and it’s two main clusters include Sectors 102 – 113 along the to be operational Dwarka Expressway and Sectors 76 – 95 & 95A. The region has seen keen interest from top developers such as DLF, Vatika, Ansal Housing, etc. and for that matter, even North India’s leading affordable housing…
1st of July 2017; this date will go down in the history books of our country when the biggest tax reform got implemented with full force across the nation in all the industries and sectors. Real estate sector being one of the largest contributors towards the Indian GDP and employment generation, it’s reactions, objections and suggestions are always considered whenever any big policy implementation takes place in the country. The much awaited Goods and Services Tax (GST) has been finally implemented inspite of all the bottlenecks and confusions looming, where even real estate sector has got its rate finalised. Real…
Noida Real estate company Sikka Group has raised ?230 Crores from a leading Indian bank for three of its housing projects Sikka Karnam and Sikka Kaamna in Sector 143 on Noida Expressway and Sikka Kimaantra in Sector 79 in Noida. The amount raised would be utilised towards speeding up the construction of the mentioned projects, two of which along the Noida Expressway are already in the advance stages of completion. Where as Sikka Kimaantra is also in full swing and will be delivered post the delivery of Sikka Karnam & Sikka Kamna. Sikka Karnam which is spread in 10 acres…
With the biggest tax reform in the country to be implemented from the first day of the next month, today’s bi-monthly monetary review came out with no surprises as India’s central bank governor Dr. Urjit Patel kept the key rates unchanged in it’s second policy review for the FY 2017-18. With the apex bank currently holding excess liquidity and the economy unable to tackle the growth slowdown, keeping the rates unchanged was a balanced and cautious move, also keeping in mind the implementation of the Goods and Services Tax (GST) from 1st of July. With today’s decision in the monetary…
The unorganised nature of Indian realty is the sole reason why it had always been in the dire need of a regulatory authority which will now be available post the implementation of nationwide RERA from May 1, 2017. Several states and almost all the Union Territories have notified the laws of RERA before the said deadline of April 30th, 2017. RERA is something which is happening for the first time across the nation and would more or less be finalised along the framework which was set forth by the central government. RERA tends to bring about a new dawn in…