Browsing Tag

CREDAI

49 posts
MahaRERA

MahaRERA Limits Tenure of SRO Representatives, Sets Expertise Requirement

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has capped the tenure of Self-Regulatory Organisation (SRO) representatives at two years. It also mandates that representatives assisting with housing project registrations must be experts in legal, financial, or technical domains. This move aims to enhance the efficiency and transparency of the registration process while avoiding conflicts of interest.
Nirmala Sitharaman to present the union budget

Builders ask Govt To Reconsider GST on FSI Charges, Warns of Potential 10% Increase in Housing Prices

CREDAI has strongly opposed the proposed 18% GST on FSI (Floor Space Index) and Additional FSI charges, claiming that it could raise housing prices by 7-10%, making affordable housing projects financially unfeasible. The real estate body has urged the government to reconsider the move, warning that it could lead to stalled developments and disrupt the housing market.
real estate

Indian Real Estate Sector Poised to Cross $4.8 Trillion by 2047, PropTech to Reach $600 Billion, Says CREDAI-EY Report

India’s real estate sector is projected to exceed $4.8 trillion by 2047, contributing 18% to the country’s GDP. PropTech, driven by innovations like AI and IoT, is set to grow significantly, reaching a $600 billion market size. Strategic reforms and policy changes are key to unlocking the sector’s full potential.
CREDAI Investiture Ceremony

CREDAI to Celebrate 25th Foundation Day in Delhi, Launch Groundbreaking Report on Real Estate’s Role in Viksit Bharat 2047

CREDAI will mark its 25th Foundation Day on November 25th in New Delhi, with a celebration attended by industry leaders and policymakers. The event will feature the launch of a key report on the real estate sector’s contribution to India’s vision for Viksit Bharat 2047.
Green buildings

CII IGBC and CREDAI Sign MoU to Promote Green Building Practices in India

CII IGBC and CREDAI have signed a Memorandum of Understanding to promote green building practices in India. This partnership aims to encourage real estate developers to adopt sustainable technologies and work towards net zero building standards.