Latest news with #CREDAIChennai
The Hindu
2 days ago
- Business
- The Hindu
Seminar on Environmental Clearance Requirements and Compliance
Hubert Enviro Care Systems (HECS), in association with CREDAI Chennai, organised a seminar on Environmental Clearance Requirements and Compliance. Mohammed Ali, Managing Director of South India Shelters and President of CREDAI Chennai, highlighted about the bottlenecks faced in securing Environmental Clearances (ECs) for construction projects. He pointed out the potential implications of the recent Supreme Court judgment on the sector, calling for greater clarity, streamlined procedures, and proactive stakeholder engagement. J.R. Moses, CEO of HECS emphasized the critical need to understand and adapt to the evolving legal landscape, according to a statement. Balasubramaniam, Professor of Chemical Engineering at Anna University and Member of the State Disaster Management Committee, spoke about waste management, emphasising the intersection of science and policy. He called for an integrated approach to turn environmental challenges into sustainable development strategies.
Time of India
05-05-2025
- Business
- Time of India
Residential sales in Chennai grows 27% in Q1 2025: CREDAI
The residential real estate market in the city and its neighbourhood has commenced 2025 on a positive note with a strong recovery and increasing buyer confidence, a report by the industry body CREDAI said. Sharp growth in registrations, steady sales of the residential units and a resilient housing market has emerged in the January-March 2025 period, the study prepared by the Confederation of Real Estate Developers' Associations of India (CREDAI), Chennai said on Sunday. Projects nearing completion or ready-to-occupy continued to be the preferred choice among buyers, it said. The recent reduction in the repo rate by the Reserve Bank of India and the Central government's revised income tax slabs has further supported buyer sentiment, particularly among first time buyers, the report said. Sales of residential units grew 7 per cent quarter on quarter to 3,783 units during the three month period while it was 27 per cent growth year-on-year. Southern suburbs accounted for the majority of the project registrations with the demand being driven by the improved infrastructure, Metro Phase II project, among others. Areas like Parandur where the proposed airport is expected to come up, Minjur, Chengalpattu and Sriperumbudur were also largely preferred by the buyers. "These locations are expected to witness continued momentum in the coming quarters," it said. CREDAI Chennai President A Mohamed Ali said, "the Government's focus on inclusive urban development through schemes and new infrastructure investments in suburban corridors is enhancing liveability and making homeownership more accessible to a wider section of the population." "We are seeing measured optimism in the market. Developers are taking a calibrated approach to new launches while strengthening regulatory compliance. The result is a more mature, balanced housing sector ready to scale with upcoming urbanisation," he said. The total residential unit registrations across Tamil Nadu stood at 9,480 units during the January-March 2025 quarter, marking a 24 per cent increase quarter on quarter. These numbers reinforce the broader market rebound, led by strong participation from established developers and an improving policy environment, the study said. "We expect this momentum to carry through into the next quarter as well, especially with infrastructure-led locations attracting renewed investor and end-user interest" commented CREDAI Chennai Secretary Aslam Packeer Mohamed.
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Business Standard
04-05-2025
- Business
- Business Standard
Infra boost, lower repo rates, ready units aid market recovery: CREDAI
The residential real estate market in the city and its neighbourhood has commenced 2025 on a positive note with a strong recovery and increasing buyer confidence, a report by the industry body CREDAI said. Sharp growth in registrations, steady sales of the residential units and a resilient housing market has emerged in the January-March 2025 period, the study prepared by the Confederation of Real Estate Developers' Associations of India (CREDAI), Chennai said on Sunday. Projects nearing completion or ready-to-occupy continued to be the preferred choice among buyers, it said. The recent reduction in the repo rate by the Reserve Bank of India and the Central government's revised income tax slabs has further supported buyer sentiment, particularly among first time buyers, the report said. Sales of residential units grew 7 per cent quarter on quarter to 3,783 units during the three month period while it was 27 per cent growth year-on-year. Southern suburbs accounted for the majority of the project registrations with the demand being driven by the improved infrastructure, Metro Phase II project, among others. Areas like Parandur where the proposed airport is expected to come up, Minjur, Chengalpattu and Sriperumbudur were also largely preferred by the buyers. "These locations are expected to witness continued momentum in the coming quarters," it said. CREDAI Chennai President A Mohamed Ali said, "the Government's focus on inclusive urban development through schemes and new infrastructure investments in suburban corridors is enhancing liveability and making homeownership more accessible to a wider section of the population." "We are seeing measured optimism in the market. Developers are taking a calibrated approach to new launches while strengthening regulatory compliance. The result is a more mature, balanced housing sector ready to scale with upcoming urbanisation," he said. The total residential unit registrations across Tamil Nadu stood at 9,480 units during the January-March 2025 quarter, marking a 24 per cent increase quarter on quarter. These numbers reinforce the broader market rebound, led by strong participation from established developers and an improving policy environment, the study said. "We expect this momentum to carry through into the next quarter as well, especially with infrastructure-led locations attracting renewed investor and end-user interest" commented CREDAI Chennai Secretary Aslam Packeer Mohamed.
Time of India
04-05-2025
- Business
- Time of India
Improved infrastructure, cut in repo rates, ready to occupy units aid market recovery: CREDAI
The residential real estate market in the city and its neighbourhood has commenced 2025 on a positive note with a strong recovery and increasing buyer confidence, a report by the industry body CREDAI said. Sharp growth in registrations, steady sales of the residential units and a resilient housing market has emerged in the January-March 2025 period, the study prepared by the Confederation of Real Estate Developers' Associations of India (CREDAI), Chennai said on Sunday. #Pahalgam Terrorist Attack India much better equipped to target cross-border terror since Balakot India conducts maiden flight-trials of stratospheric airship platform Pakistan shuts ports for Indian ships after New Delhi bans imports from Islamabad Projects nearing completion or ready-to-occupy continued to be the preferred choice among buyers, it said. The recent reduction in the repo rate by the Reserve Bank of India and the Central government's revised income tax slabs has further supported buyer sentiment, particularly among first time buyers, the report said. Sales of residential units grew 7 per cent quarter on quarter to 3,783 units during the three month period while it was 27 per cent growth year-on-year. Southern suburbs accounted for the majority of the project registrations with the demand being driven by the improved infrastructure, Metro Phase II project, among others. Areas like Parandur where the proposed airport is expected to come up, Minjur, Chengalpattu and Sriperumbudur were also largely preferred by the buyers. "These locations are expected to witness continued momentum in the coming quarters," it said. Live Events CREDAI Chennai President A Mohamed Ali said, "the Government's focus on inclusive urban development through schemes and new infrastructure investments in suburban corridors is enhancing liveability and making homeownership more accessible to a wider section of the population." "We are seeing measured optimism in the market. Developers are taking a calibrated approach to new launches while strengthening regulatory compliance. The result is a more mature, balanced housing sector ready to scale with upcoming urbanisation," he said. The total residential unit registrations across Tamil Nadu stood at 9,480 units during the January-March 2025 quarter, marking a 24 per cent increase quarter on quarter. These numbers reinforce the broader market rebound, led by strong participation from established developers and an improving policy environment, the study said. "We expect this momentum to carry through into the next quarter as well, especially with infrastructure-led locations attracting renewed investor and end-user interest" commented CREDAI Chennai Secretary Aslam Packeer Mohamed.
Time of India
02-05-2025
- Business
- Time of India
Tamil Nadu's registration department records Rs 273 crore revenue on April 30
CHENNAI : Akshaya Tritiya proved to be a golden opportunity not just for jewellers but also for Tamil Nadu 's real estate sector. On Wednesday, the state registration department recorded a historic high with registration of 27,440 property documents in a single day and generating a record-breaking revenue of Rs 272.87 crore. According to commercial taxes and registration minister P Moorthy, the occasion marked the most lucrative single day in the department's history, surpassing the previous record set on Feb 10, 2025, when 23,421 documents were registered, yielding 237.98 crore. Traditionally celebrated as an auspicious day for buying gold and launching new ventures, Akshaya Tritiya has increasingly become a preferred occasion for property investments. In anticipation of the heightened demand, the department implemented several proactive measures. Based on public feedback, it expanded pre-booking slots across registration offices. Offices with one sub-registrar increased capacity from 100 to 150 slots, while those with two sub-registrars increased slots from 200 to 300. At 100 high-volume offices, regular booking slots were raised from 100 to 150. The number of immediate booking slots was also increased from 12 to 16 to facilitate smoother public access. These steps helped streamline operations and ensured that the surge in footfall on the auspicious day did not disrupt the registration process. "Chennai topped the list in the state and South Chennai witnessed more registrations within the city, said an official from the registration department. A Mohammed Ali, president of CREDAI Chennai , said market sentiment remains strong. "Many home buyers prefer registering property on Akshaya Tritiya, and we've seen a rise in enquiries for home purchases on this date," he said.
