In a significant move aimed at bringing relief to homebuyers and realty players, the Modi government has announced constitution of a Rs 25,000 crore Alternative Investment Fund (AIF) for reviving 1,600 stalled projects, mainly in the affordable and middle-income categories. These monies will be pumped in jointly by the government, Life Insurance Corporation of India
Apex real estate industry body CREDAI has recommended that RERA be made the exclusive legal forum for real estate complaints, and that viable projects be given the option of onetime loan restructuring. These proposals were made at the recently concluded National RERA Conclave held at Lucknow. The event was organised by Uttar Pradesh Real Estate
Showing their commitment to Swachh Bharat Abhiyan, over 200 CREDAI member developers have signed a Memorandum of Understanding (MoU) with CREDAI Clean City Movement Ltd (CCCM). The MoUs were signed at the New India Summit organised by CREDAI, in the presence of DevendraFadnavis, chief minister of Maharashtra. “CREDAI, through its Clean City Movement, has been
CREDAI reiterates its pledge for supporting the Government of India achieve “Housing for All” mission The apex real estate industry body CREDAI has reiterated its pledge for realising the Prime Minister’s dream of ‘Housing for All’, and has committed an investment of over Rs 70,000 crore in 375-plus new affordable housing projects. These projects would
Showing solidarity for the government’s mission of ‘Housing for All’, CREDAI has announced the launch of 250 affordable housing projects across India. The projects, to be executed by CREDAI members, will be under the purview of the various CREDAI state or city chapters according to guidelines laid down by CREDAI national chapter. Through this initiative,
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