Chavan promises to cut clearance delays for housing sector
Maharashtra Chief Minister Prithviraj Chavan has assured developers that he wold ensure that approvals to housing projects in the city and Pune were given speedily. At a meeting with developers from Mumbai and Pune,Chavan,who holds the urban development portfolio,assured that he will look into the matter and take feedback from all the departments concerned in this regard. We discussed a number of issues with the chief minister,including delays in clearances and approvals,which was affecting creation of affordable housing stock. We also discussed about bringing in transparency in the sector, said Vimal Shah,president of developers association MCHI-Credai.
Knight Frank ties up with Ficci for realty sentiment index
Property consultant Knight Frank India said it has entered into an agreement with industry chamber Ficci to launch an index that would measure sentiments in the real estate market. Knight Frank India signed a memorandum of understanding (MoU) with the FICCI to launch a first of its kind real estate sentiment tracker in India,the consultant said in a statement. Knight Frank would release quarterly report,which would be designed to capture the developers perspective on the real estate market conditions. The index would capture the perceptions and expectations of the industry leaders in order to measure the current and future market sentiments. This is a one of its kind initiative from our side to bridge the gap between developers and the end consumer and bring them on to a common platform wherein the latter is in complete knowledge of what to expect of the current market, said Shishir Baijal,country head,Knight Frank India.
Indiabulls Housing trims lending rates by 15 bps
Private sector mortgage lender Indiabulls Housing Finance has cut home loan rates by 0.15 per cent to 10.25 per cent,following into the footsteps of state-run banks who have slashed lending rates to woo customers during the ongoing festive season. The new rate is applicable on loans under R25 lakh and will remain in force till November 30,the company said in a statement. Indiabulls Housing is the first private lender to slash rates after banks,initiated similar moves.