According to a joint report by property consultants ANAROCK and leading law firm, Khaitan & Co, Insolvency & Bankruptcy Code (IBC) has resulted in settlement of 66% of the admitted claims in real estate sector in comparison to just 31% of admitted claims realised in other sectors. Real estate consumers have very important avenue for…
Despite increased interest rates and basic property cost, the top 7 cities saw homes worth INR 1,55,833 crore sold in the first half of FY23, rising by 119% on yearly basis. The overall value of units sold in the corresponding period of FY22 was approx. INR 71,295 crore. Between April and September 2022, approx. 1,73,155…
National Real Estate Development Council (NAREDCO), an autonomous self-regulatory apex national body under the aegis of Ministry of Housing & Urban Poverty Alleviation, celebrated its foundation day. It was also an occasion to mark the 24 years of existence of NAREDCO, which was established in 1998. Speaking on the occasion, Gautam Chatterjee, Founder and Chairman…
With an aim to address the difficulties related to construction and land that the developers of warehousing confront, the National Real Estate Development Council (NAREDCO) has signed an MoU with Warehousing Association of India (WAI). NAREDCO— the apex real estate body under the aegis of Ministry of Housing & Urban Affairs— together with WAI will…
NAREDCO Mahi—the women wing of National Real Estate Development Council (NAREDCO) —was launched in an event graced by Minister for Housing and Urban Affairs Hardeep Singh Puri and Tara Subramaniam, President, NAREDCO Mahi. Rajan Bandelkar, the Nation President of NAREDCO was also present on the occasion. The event ‘PlumbEx India’ was organised by Indian Plumbing…
The Hyderabad chapter of CREDAI organised Hyderabad Property Show at Hitex, Hyderabad. Aimed to bring together the people from diverse segments of construction industry, the property show was inaugurated by Minister of Municipal Administration, Urban Development, Industries, Commerce and Information Technology of Government of Telangana, Arekapudi Ghandhi. The property show was themed around home for…
In a report titled ‘The Outlook of the Real Estate Market in India’, optimistic signs of the revival of real estate sector have been forecasted. The report brought out by RBSA Advisors, a valuation and consulting firm, has expected the real estate sector in the country will grow USD 1,000 bn by 2030 from USD…
A recent joint survey by Knight Frank India and NAREDCO highlights an optimistic outlook for the residential real estate market. As per the survey, the demand for buying home has been strong in Q1 2022 and 80% of the respondents in this survey expect that sales of residential real estate are going to increase in…
The ‘Agreement for Sale’ rules under the provisions of RERA Act have been framed for Union Territories (UTs) without legislatures and sent to the states and UTs for adoption. Besides for redressal of the issues of stalled project across Noida, Greater Noida and Yamuna Expressway Authorities, a high-level committee was constituted by the Uttar Pradesh…
NAREDCO MAHI, the women wing of Naredco organised it’s first convention in the city. Themed at Realty Women – The Transforming Catalyst to Real Estate’, the event witnessed leading lights of the industry deliberating on the importance of the women stakeholders in the real estate sector of the country. The convention noted that the participation…
