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It’s raining offers at CREDAI-MCHI property expo

<!– /11440465/Dna_Article_Middle_300x250_BTF –>It was an offer galore at the ongoing CREDAI-MCHI property exhibition at Bandra Kurla Complex. Developers appeared far more realistic in their sales pitches offering price discounts as high as 10 to 15 per cent.One developer was even offering 1BHK free on the purchase of a flat in one of his projects while others were offering a car or free stamp duty and registration. The four-day long exhibition began on Thursday and will conclude on Sunday.Shailesh Sanghiv of Sanghiv developers, who has projects in Dahisar and other parts of the town, had a fortune wheel placed at his stall offering car and 1BHK flat free along with the purchase of a 2 BHK flat or a 1 BHK flat.”The free flat is in Asangaon, and if the buyer doesn’t want the free house the price will be adjusted in his purchase in Mumbai. We want to sell flats and hence the offer,” said Sanghvi.Tejas Vyas, Chairman of CREDAI-MCHI’s exhibition committee said, “We had asked developers to give discounts and offers as they deem fit. Even big brands in the world sell their products at 50 per cent of total price during sale period. The property exhibition takes place only once a year so developers are offering heavy discounts and offers.”However, homebuyers claim that the prices are still very high and out of reach for many. “There are offers but developers have hiked the rate first then put a discount on it, which doesn’t make the offer exciting. I was expecting discounts but not much is being offered in real terms,” said Syed Noorudin, a homebuyer.

Noida builders told to follow NGT air pollution guidelines

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The Noida Authority has ordered all the builders in Gautam Buddha Nagar area to strictly follow the National Green Tribunal (NGT) guidelines on air pollution around their construction sites. In this regard, the officials of the Noida Authority had called a meeting with the CREDAI members and builders on Wednesday.The meeting was held after expressing concerns over rising air pollution in Noida by Bhure Lal, Chairman of Environment Pollution Prevention and Control Authority (EPCA), a Supreme Court-appointed body, who had asked the Noida Authority to crack down on builders flouting environment norms.”The guidelines released by the NGT said that a realtor, individual or contractor needs to take many precautions during construction activity. Some of the guidelines included protection of vegetation around a construction site, sprinkling water to settle the dust, and covering debris with a sheet to prevent spreading of dust. The NGT order directed all authorities to implement these guidelines. We have warned the builders that if they do not follow the NGT norms, they will have to face severe consequences,” said Lal.Lal undertook an inspection in Noida on Saturday morning last week with the officials of the Noida Authority. He expressed his displeasure at the working of the authority. He visited various construction sites in sectors 125,126, 75, 76, 77 and 78 and found that environmental and building norms set by the national bodies are being openly flouted. Many projects were going on without safety measures — there was no screening for dust control, water was not sprinkled on soil, and debris was kept on the roadside.On Monday, Bhure Lal wrote a letter to the Uttar Pradesh chief secretary to ensure dug-up roads, unpaved stretches and other public spaces in Noida are refurbished to reduce air pollution.The letter also states that Noida’s air monitoring station located at Amity University along the Noida-Greater Noida Expressway needs to be calibrated because it is showing a high level of pollution, which is incorrect, a UPPCB officials said.EPCA chairman also asked the state government to calibrate the automatic air quality monitoring system as it is “not giving correct analysis” of the air quality index (AQI). In 1998, the Central government, acting on the order of the Supreme Court, had constituted the EPCA, which has the mandate to work on mitigating pollution in Delhi-NCR. After Lal asked the officials to calibrate the automatic air monitoring station at the Amity University, the updates on AQI have been suspended.

50,000 Noida, Greater Noida homebuyers must get possession within 3 months, orders Yogi Adityanath

<!– /11440465/Dna_Article_Middle_300x250_BTF –>In what can be seen as a ray of relief for many homebuyers in Noida and Greater Noida, Uttar Pradesh Chief Minister Yogi Adityanath on Tuesday ordered officials to make 50,000 flats available for possession within three months.According to media reports, the decision was taken by the Chief Minister after a high-profile meeting with his team comprising of urban development minister Suresh Khanna, industry minister Satish Mahana and sugarcane development minister Suresh Rana in Lucknow.The team was formed to look into the concerns were raised by the homebuyers after the insolvency plea by realty major Jaypee Infratech.It should be noted that there are already 13 FIRs against many real estate players in the area.The homebuyers have been raising the issue that the companies are not fulfilling their promises of timely possession.According to an HT report, there are 44 housing projects which are yet to obtain occupancy certificate in Noida and Greater Noida. But the builders are yet to clear land dues to be eligible to get occupancy certificates and offer possession to buyers.Minutes after the meeting, the confederation of real estate developers association of India (CREDAI), western UP said that it would implement the Chief Minister’s orders.

Gopal Gupta turns friend, philosopher & guide to Credai Raj… but Dy Anurag wants to contest polls also

<!– /11440465/Dna_Article_Middle_300x250_BTF –>Having carved a mark for itself in the state, CREDAI is fast turning into one of the most successful organisations in the real estate sector. Thanks to the vision and dedication of Gopal Gupta and Anurag Sharma.Along with the structures that they constructed, they soared their efforts,in taking CREDAI to new heights. Gopal Gupta as Chairman, CREDAI, is the face and inspiration while Sharma – the younger of the two and the president of the organisation – is trying to give the CREDAI,a new dimension and position. Sharma, who is already heading the BJP’s business wing Vyapaar Prakoshth , is also aspiring candidate of the BJP in the forthcoming assembly elections. His announcement as BJP’s Vyapaar Prakoshth chief was made by party president Ashok Parnami and that too on the birth day of Sharma. All these has led to the speculation of his closeness with the party and its ideals. For the past six years, both Gupta and Sharma along with their team are trying to bring all the builders on the same platform. The duo of Gupta and Sharma gained popularity because of their efforts to ensure the active participation of all seniors in CREDAI’s affairs , resulting in winning three terms at CREDAI. The hard work has paid off – CREDAI is never as organised as it is today.The CREDAI is respected in the state government’s quarter and on all issues related to the real state sectors are heard by the government . CREDAI on its own, believes in maintaining a healthy dialogue with the state government and put forward the problems of the builders. CREDAI has been able to influence key decisions also .This efforts of the CREDAI helped in bringing the various lobbies of the builders together and share the platfom for the common cause. The CREDAI is heading for election,but the duo is strongly placed. PS: box item is given below CREDAI’s efforts have resulted in the state government adopting a policy that is in the best interest of the common man at a time, when the real estate sector is facing allthe challenges because of the market conditions. This team of Rajasthan builders, under the leadership of CREDAI, is concentrating on Affordable Housing scheme projects. The dwelling units are priced in such a way that makes it easy for the common man to go for affordable housing.Gupta is a veteran and he enjoys the confidence of the builder’s fraternity .He plays the role of a big brother and is always ready to give his guidance. He is easy to approach on all issues relating to the government.On the other hand Anurag had proved himself as a good administrator in handling the affairs of CREDAI. Anurag’s presence in the national executive helped the state chapter a big deal and he made a big mark in the NETCOM’s conferences held in Turkey,Malaysia and in Indonesia with his remarkable presentations.In these conferences,his presentation on Affordable Housing was very much appreciated. The worthiness of the Affordable Housing is proved by the fact that many states are trying to adopt this successful scheme of the Rajasthan government inspired several state government to follow suit.

Developers may get two more months to register under RERA

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The Gujarat Real Estate Regulatory Authority is likely to extend by two months the deadline for registration of ongoing real estate projects under Real Estate (Regulation and Development) Act (RERA). The earlier deadline for registration was July 31.Neela Munshi, officer on special duty in urban development department of state government, wrote a letter to the RERA secretary on Monday, requesting extension of the deadline by two months for the benefit of ongoing projects. According to sources, the deadline will be extended accordingly very soon.Interim chairman of RERA authority and former chief secretary in state Manjula Subramaniam said that they had received 400 applications from developers and 94 from agents by Monday morning. She said, “We have requested the state government to inform us about their stand. Implementation of RERA in state was already delayed. The recent heavy downpour and flood in state too could have affected developers.”“We have been scrutinising the applications. If more documents are needed, we shall inform the applicants within seven days,” she added.Sources, however, said that by Monday evening, the number of applications by developers had reached 450 and that by real estate agents stood at 100.CREDAI calls for review of RERANational president of CREDAI Jaxay Shah said, “The requirement of RERA that no project be offered for sale without registration would cripple the real estate industry which is already facing downward business cycle. Ongoing projects about to be completed may actually get delayed on account of RERA.”He added, “Authorities responsible for giving approvals to real estate projects must be within the ambit of RERA.”

Buy buffer zone, civic chief tells depts that seek distance from projects

<!– /11440465/Dna_Article_Middle_300x250_BTF –>Defence, Forest and other departments that seek a buffer zone between construction activities might soon have to buy the land they want as the buffer, said Municipal Commissioner Ajoy Mehta, while addressing the builder community earlier this week.Mehta was responding to a question raised by Mukesh Patel, Joint Treasurer of CREDAI-MCHI. “When the BMC comes up with a development plan, a developer keeps in mind all the rules laid down. However, there have been instances when Defence and others have asked for construction to be stopped because of the proximity to their establishments. This hampers growth,” said Patel. To this, Mehta replied, “If Forest and Defence need a buffer, then pay for it.”Later, Mehta said, “We respect the law and understand the importance of Defence and Environment, but one cannot take someone’s land.”Normally, a buffer zone means no construction is allowed up to 500 meters of the establishment or forest. According to Patel, in areas like Malad and Kandivali, the situation came up around 2011, when the Defence raised an objection. Thus affecting many redevelopment projects. “They protect all the 50,000 buildings in the city, but then why should only 500 buildings suffer. This move will help residents, tenants, developers and other citizens. Organisations asking for a buffer zone can buy the land at market value and compensate the affected party,” said Patel.Some builders are of the opinion that instead of asking for a buffer zone outside their boundary, the organisations should have a buffer zone inside their boundary thus not impacting the existing buildings in the city….& ANALYSISMany projects have been in the news for their proximity to defence establishments or forest areas.
This move means that residents will get compensation, however BMC will have to knock on various doors to make this ambitious suggestion a reality.

"Housing – New Vision" Summit hosted by CREDAI – MCHI & ZEE24Taas

<!– /11440465/Dna_Article_Middle_300x250_BTF –>Mumbai University’s Convocation Hall, on Wednesday (July 5),witnessed a first of its kind program, on affordable housing. The event organised by CREDAI-MCHI and powered by Zee 24 tass and DNA, had every name under one roof who matter in real estate. Chief Guest Hon’ble Chief Minister Devendra Fadanvis, and his team of officers from housing department, Urban Development, Land records, and Municipal Commissioners were present for the Summit. The day long even had more than half a dozen panel discussions and equal number of presentations by banks, consultants and allied industries on how to make houses affordable. Dharmesh Jain, President of CREDAI-MCHI applauding the work done by Chief Minister Fadnaivs in the real estate sector said, “The last one year in real estate has been the biggest change year. It is refreshing to see somebody (Devendra Fadanvis) wanting to implement change on the ground. Normally a politician would want files to come to him, but he’s one person who delegates and instead his attention is on policy level.”Jain even suggested that MMR (Mumbai Metropolitan Region) be called MER (Mumbai Economic Region) because highest investment on infrastructure is taking place in MMR region and requested the CM, that a special policy be made for MMR, “a 90-day policy.” Praising the Mumbai Municipal corporation’s ‘Ease of doing business’Jain claimed that the real estate sector in Mumbai has benefited so much that the same be implemented across all corporations in MMR. He also said that chapters of CREDAI from different cities in the country keep asking him to send them Mumbai model, so that same can be implemented there.He further requested the government that all taxes and premium need to be all inclusive at 25 per cent. “In last two years we have seen an increase in taxes, which has led to drop in stamp duty and MCGM collection. The government should help them and real estate will work shoulder to shoulder with the government,”said Jain. The Chief Minister took all his points into consideration and he claimed that in last 2.5 years the government’s focus has been on Ease of Doing Business, and to get rid of corruption he has started getting rid of tables needed for passing files. “We are focusing on digitization and decentralisation. There hasn’t been any other government in this state that has been adopting policies and even modifying them.Ease of Doing Business in other Municipal Corporation has also started and our aim is to take it even to councils,”said Fadnavis.CM also clarified that his government is taking proactive steps on orders from the courts that are not in favour of real estate industry. “On stay orders in Mumbai for carrying construction, we have filed an affidavit in the court and we are trying to get these stays lifted. But also we are looking for solid waste management issues, for a long term solution.” The CM even went a step ahead, on helping the real estate industry, he said, “When real estate will accelerate, employment will be generated, and hence I am formulating an empowered committed, including BMC Chief, Secretary UḌD I, II , Revenue & housing secretary. This should benefit the government and during the discussions of this committee affordable housing should be discussed.” Developers even asked the CM on the new law Real Estate Regulatory Act, to which CM reacted that, RERA is headed by someone who knows that regulator is not to stop but to facilitate. We have this habit of fearing anything new, but then we adapt and move ahead. RERA is better than demonetisation to handle, it didn’t come all of a sudden, instead we all knew that it was coming. This is an opportunity to do clean business. The culture is changing, because of digitisation, and there’s a competition between who will have a good work culture, the government or developers and we will beat you in this. Remove all your fears about RERA.” Mayur Shah, President Elect, CREDAI-MCHI, satisfied with the day long summit claimed that achieving affordable housing in MMR is the main objective behind the summit, issues that were discussed were land, funding of the project, scheme available on affordable housing, all of it was discussed and how to bring affordability in MMR, and via the panel discussions, challenges were brought to the fore of the Chief Minister, Secretaries, and all hurdles were discussed. He further said, “A flat has 30 to 35 per cent of taxes, we told the government not to burden the real estate sector and CM has assured the same by formulating the committee.”Municipal Commissioner Ajoy Mehta got a standing ovation from the devloper fraternity for implementing Ease of Doing Business. Over this warm welcome Mehta said, “When we started computerisation wasn’t on our mind it was re-engineering the system. We changed the mindset and I keep telling other Municipal Commissioners this, that we need to look at the one coming for permission as client not as someone whom we want to regulate. Now is the time to deregulate and demolish regulations which have become redundant.”The highlight was the last session with the exuberant presence of Gautam Chatterjee, Chairman, RERA who urged developers to register on MahaRera website at the earliest and not to fear RERA. For any doubts, developers can directly approach Rera authorities as they are here to act as a facilitator for the Real-Estate industry. He also informed that FAQs on MahaRera website provide answers to most of the questions, just refer them.

Noida/Gr Noida property mkt to get a boost from Jewar airport

<!– /11440465/Dna_Article_Middle_300x250_BTF –>Realtors today hailed the government’s decision to set up an international airport at Jewar in Greater Noida, saying it will lead to increased economic activity in the area and benefit property market. An international airport with a capacity to handle 30-50 million passengers per year will come up at Jewar in Greater Noida in the next 5-6 years to ease the load on Delhi’s IGI airport, the government announced today. “We welcome this decision. It was much awaited. A new airport in Jewar will increase economic activity in this area. There will be huge job generation,” CREDAI Chairman Getamber Anand told(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)

Parties should treat their manifestos as Bhagwad Geeta: Naidu

<!– /11440465/Dna_Article_Middle_300x250_BTF –>A day after CJI J S Khehar said political parties must be held accountable for poll promises, Union Minister M Venkaiah Naidu today said the parties should treat their manifestos like “Bhagwad Geeta”. “Political parties should treat their manifestos as Bhagwad Geeta. It should be treated as a holy book. You need to do things that you promise,” he said while addressing a function organised by the Confederation of Real Estate Developers’ Association of India (CREDAI) at Mahatma Mandir here. Naidu was here to attend the ‘CREDAI National Investiture Ceremony -2017’. Gujarat Chief Minister Vijay Rupani and other dignitaries of the real estate sector were also present at the event. “I agree with our CJI’s views on pre-poll promises. Some political parties make irresponsible statements during polls. At the end of the day, parties will have to seek votes from people based on their performance in every five years. That check is already there,” he said. “People always have an option to keep a check on political parties by voting for only those who fulfill their promises,” Naidu said. The Chief Justice of India (CJI), J S Khehar, had yesterday said, “Now a days manifestos have become a mere piece of paper, for this political parties have to be made accountable.” Talking to reporters at the Ahmedabad airport, ahead of his address here, Naidu said the government would not mind if a law is enacted to ensure implementation of poll manifestos. “We are OK if some law is enacted in this regard. Otherwise, people always have a chance to chose parties based on their performance after every five years,” he said. The Union Minister also opined that general elections along with assembly and local body polls should be held simultaneously. “It would be better for the people if we hold general, assembly and local body polls simultaneously. Today, we have to hold such elections every month or two months or in a year. These polls just keep coming. Holding polls simultaneously will help us in focusing on our work,” said Naidu. On Triple Talaq, he urged the members of the Muslim community to come forward to abolish this system and to give justice to their women. “Though Triple Talaq is not allowed, there are people who are doing injustice to Muslim women. Just like Hindu society has abolished social evils of child marriage, dowry and Sati, Muslims need to come forward and engage in deliberations to put an end to Triple Talaq,” Naidu said. During the event, CREDAI president Jaxay Shah launched 375 affordable housing projects with an investment of over Rs 70,000 crores. “These projects are spread across India and involve development of over 8.60 crore square feet of land and over 20.60 crore sq ft of construction to build more than 2.37 lakh houses of affordable category,” Shah said.(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)

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