Realty News Roundup: Mahindra Lifespaces Buys Land In Mahrashtra; Many Developers Leave MCHI-CREDAI To Join NAREDCO

Realty New Roundup is PropGuide's selection of top stories from the real estate sector.

Top News

Mahindra Lifespaces Developers has bought 85,000 sq mt land in Maharashtra's Palghar to develop a residential project. Read more

Many renowned Maharashtra-based developers have quit Maharashtra Chamber of Housing Industry (MCHI-CREDAI) to join National Real Estate Development Council (NAREDCO). NAREDCO is part of the Union Ministry of Housing And Urban Poverty Alleviation. Reports suggest that there has been an underlying tension, rifts and allegation within MCHI-CREDAI caused such a move. Read more

One of the biggest projects in Dehradun, Panache Valley, has been given a clean chit by the district administration. The project came under scanner early this year for a controversy over an alleged "dodgy" No Objection Certificate issued in 2012. Read more

Off the frontpage

According to a recently conducted survey, the festive season has not been able to lend fillip to the bearish sentiment in the residential real estate market. This report suggests that property prices are likely to remain stagnant or even come down in the coming six months. Read more

Opinion

In an opinion piece, Arvind Jain, Managing Director, Pride Group, says that employment is one of the key influences on the real estate demand in the country. The article reads: "One of the main factors that drive demand for housing in a particular locality is employment growth. An area where a number of companies are opening up job opportunities for the population becomes a magnet for residential property demand."