Stay updated with breaking news from Credai ahmedabad. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Since 2019, developers and homebuyers have successfully resolved 1,350 cases through the NCR conciliation forum of Uttar Pradesh Real Estate Regulatory Authority (UP RERA). This led to dispute-free assets valued at approximately Rs 550 crore. Dinesh Gupta, Secretary of CREDAI Western UP, attributed the success to collaborative efforts by CREDAI members, RERA officials, and home buyer representatives. ....
As one of the key Budget 2024 expectation, developers also want some provisions made to reduce the interest rates on project finance and that construction materials be clubbed in a lower bracket of the goods and services tax (GST). ....
The Confederation of Real Estate Developers Associations of India (CREDAI) plans to certify 1 lakh homes and 25 million sq ft of commercial real estate with green building certifications annually. The organization has directed developers to ensure all projects developed by them comply with green building certifications. Green-certified office stock in India has increased by over 36% since 2019, with Bengaluru, Delhi-NCR, and Mumbai leading the way. ....
The rehabilitation package was recommended by the Amitabh Kant panel set up for the purpose and will benefit homeowners of close to 1.2 lakh units that have been given for possession but not registered. Once builders pay the initial 25 percent, the authorities will allow registries of flats that have been delivered but are yet to receive OCs. ....