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CREDAI Seeks Affordable Housing Push

CREDAI Seeks Affordable Housing Push

 Monday, April 9, 2018

The national real estate body CREDAI is pushing for more reforms in the sector to enable speedy growth across asset classes including the nation’s ambitious affordable housing programme.

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The Great Construction Boom

The Great Construction Boom

 Thursday, April 5, 2018

The Indian real estate sector is poised at a better position today with the market and consumer sentiment bouncing back.

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Request For Tax Exemption For Home Loan Was Ignored

Request For Tax Exemption For Home Loan Was Ignored

 Saturday, February 3, 2018

The requests for increase in tax exemption for the home loan interest component (under Section 24) and towards principal contribution (under Section 80C) were ignored. Though various sops were given to senior citizens, the common man did not get much to cheer about from this budget.

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Builders will have to obey NGT Orders on Dust Pollution

Builders will have to obey NGT Orders on Dust Pollution

 Friday, February 2, 2018

The Karnataka government has taken a positive step by making it mandatory for builders to fall in line with the National Green Tribunal guidelines on pollution.

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Karnataka Real Estate Sector Happy With Budget

Karnataka Real Estate Sector Happy With Budget

 Friday, February 2, 2018

Although the budget did not have much in store for real estate sector, industry leaders are happy regarding the few announcements made.

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Budget 2018: Good For Agriculture, Education, But Not For Realty

Budget 2018: Good For Agriculture, Education, But Not For Realty

 Friday, February 2, 2018

Smartly devised budget aiming at economic growth; importance has been given to healthcare, senior citizens, infrastructure, rural economy, education, health care, agriculture. Unfortunately no direct tangible benefits to real estate sector have been given. However the tax rate of 25% for companies up to Rs. 250 cr turnover, dedicated fund for affordable housing and impetus on development of new airports will boost the real estate sector.

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Tax Relief Essential For Realty Sector Revival

Tax Relief Essential For Realty Sector Revival

 Thursday, January 25, 2018

The Real Estate sector in Karnataka, which has gone through a prolonged slowdown worsened by demonetization, GST and RERA(Real Estate Regulation Act) over the past year is hoping for some tax relief from the upcoming Union and State budgets.

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FIABCI Pre Budget WishList

FIABCI Pre Budget WishList

 Thursday, January 25, 2018

The implementation of RERA, bringing in GST against the backdrop of demonetization and tightening of purse strings in the economy has extensively squeezed margins of the Real Estate industry in an already slowed down market scenario. FIABCI India organized a panel discussion on the budget expectations from the Real Estate sector.

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Bengaluru’s hope to revive infrastructure growth

Bengaluru’s hope to revive infrastructure growth

 Wednesday, January 31, 2018

The run up the Union Budget has India awaiting a nail-biting finish from the NDA government, with Finance Minister Arun Jaitley set to present the Centre's final full budget before the 2019 polls. Experts hope that the Centre will give Bengaluru a chance to revive its failing attempts at infrastructural growth, by boosting initiatives like Make in India and Swacch Bharat.

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Metro operations along Kengeri, Anjanapura stretches may begin by mid-2019

Metro operations along Kengeri, Anjanapura stretches may begin by mid-2019

 Thursday, January 25, 2018

BENGALURU: With work on extension of two of the four existing lines — Reach 2 (Mysuru Road to Kengeri) and Reach 4 (Yelachenahalli to Anjanapura Township till NICE Road Crossing) — progressing at a fast pace, BMRCL expects both to be operational by mid-2019. Earlier, the deadline was this year-end.

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Tax relief in budget essential for revival: Realty sector

Tax relief in budget essential for revival: Realty sector

 Thursday, January 25, 2018

BENGALURU: The Real Estate sector in Karnataka, which has gone through a prolonged slowdown is worsened by demonetization, GST and RERA (Real Estate Regulation Act) over the past year. It is now hoping for some tax relief from the upcoming Union and State budgets.

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Developers, advocates call RERA list ‘inappropriate’

Developers, advocates call RERA list ‘inappropriate’

 Saturday, January 13, 2018

Mangaluru: While the Real Estate Regulatory Authority (RERA) list has most projects that haven't registered under the Real Estate Regulation and Development (RERA), Karnataka, CREDAI functionaries and advocates have cried foul over the "inappropriate" manner in which the projects have been listed.

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CREDAI wants threshold of plot area under RERA lowered in Karnataka

CREDAI wants threshold of plot area under RERA lowered in Karnataka

 Thursday, January 11, 2018

Confederation of Real Estate Developers’ Associations of India (CREDAI) has called for lowering the threshold of the plot area to 100-150 sq. metres from the prevailing 500 sq. metres in the notification of Real Estate Regulation and Development Act (RERA) by the Karnataka government.

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Change in carpet area rule may spur realty demand

Change in carpet area rule may spur realty demand

 Tuesday, December 12, 2017

The Centre's recent move to increase the carpet area for residences eligible for interest subsidy under the Credit Linked Subsidy Scheme (CLSS) has come as a boon for the affordable housing sector in Karnataka. This will apply to the Middle Income Group (MIG) under the Pradhan Mantri Awas Yojana (urban) that aims to provide houses to all by 2022.

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RERA: Bengaluru builders seek 90-day period for registrations

RERA: Bengaluru builders seek 90-day period for registrations

 Friday, July 28, 2017

The Real Estate Regulatory Authority (RERA) has begun its activity in Bengaluru, and has started accepting registration of projects, agents and complaints.

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CREDAI appoints Ashish Puravankara as president of Bengaluru chapter

CREDAI appoints Ashish Puravankara as president of Bengaluru chapter

 Friday, June 9, 2017

BENGALURU: Confederation of Real Estate Developers' Associations of India (CREDAI) has appointed Ashish R. Puravankara, Managing Director Puravankara Limited, as the new president of its Bengaluru chapter.

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GST rollout: Home buyers to benefit if government cuts stamp duty

GST rollout: Home buyers to benefit if government cuts stamp duty

 Monday, May 29, 2017

BENGALURU: Planning to build or buy your dream home? You may want to hold on for some time, as developers led by the Confederation of Real Estate Developers' Association of India (CREDAI), Bengaluru, are trying to convince the Karnataka government to cut or abolish stamp duty and registration fees in the wake of the goods and services tax (GST) being implemented from July.

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Builders still confused, over 500 projects in limbo

Builders still confused, over 500 projects in limbo

 Thursday, April 20, 2017

BENGALURU: The National Green Tribunal's Wednesday directive instructing BBMP to withdraw its circular dated March 30, 2017, that reinterpreted an earlier directive by NGT on the lake buffer zone, has left the construction industry and developers in confusion again. Many of them fear that projects in the vicinity of lakes could get stuck.

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