CREDAI seeks centres help to set up RERA tribunals

By Accommodation Times Bureau MUMBAI Confederation of Real Estate Developers’ Associations of India (CREDAI) is formally known for realty developers’ body. CREDAI has sought the governments’ involvement for setting up tribunals in all across the country, through a letter to Hardeep Singh Puri, Minister for Housing and Urban Affairs. CREDAI said in a

Effective GST rate on under-construction real estate at 12%

By Accommodation Times Bureau The effective GST rate on under- construction real estate projects will be 12 per cent only and not 18 per cent as there will be abatement for land cost, according to tax consultant EY. Realtors' body CREDAI President Jaxay Shah also said that the effective GST rate would remain at 12

Different Views On GST’s Impact On Housing Rates

By Accommodation Times Bureau About the impact of GST on housing prices , Naredco and Credai today gave contrasting outputs , highlighting the confusion in the GST sector ,regarding the new indirect tax regime. While Naredco mentioned that there will be no inflationary impact on housing prices once the GST will take

Real estate developers urges RBI to relax bank lending norms

By Accommodation Times News Services Confederation of Real Estate Developers' Association of India (CREDAI) has requested Reserve Bank of India to relax bank lending norms to help real estate contribute more to the GDP and meet the goal of providing housing for all in the country. During a meeting with RBI governor

New Team at CREDAI

By Accommodation Times News Services CREDAI general body has elected Mr. C. Shekar Reddy, National President. Mr. Lalit Kumar Jain, Chairman and Managing Director of Mumbai-Pune developer Kumar Urban development Limited (KUL), has taken over as the Chairman of Realtor's apex body CREDAI Mr Jain was till now the National President of

The 11th National Convention NATCON of CREDAI inaugurated at Singapore

Singapore, Apri, 2011: The 11th National Convention (NATCON) of the Confederation of Real Estate Developers’ Associations of India (CREDAI), the apex body representing private Real Estate developers in the country, was inaugurated by Mr. Kamal Nath Hon. Union Minister for Urban Development, Government of India, at the exotic MARINA BAY