MCHI CREDAI Kalyan Dombivali 4th Property Expo at Phadke Ground, Near Lal Chowki, Kalyan (W) from 23rd to 26th January 2014 11 am to 8 pm

MCHI CREDAI Kalyan Dombivali 4th Property Expo at Phadke Ground, Near Lal Chowki, Kalyan (W) from 23rd to 26th January 2014 11 am to 8 pm

Event: MCHI CREDAI Kalyan Dombivali 4th Property Expo

Venue: Phadke Ground, Near Lal Chowki, Kalyan (W

Date: 23rd to 26th January 2014

Time: 11 am to 8 pm

- Over 60+ Exhibitors
- 10000+ properties on display
- Trusted Home Loan options from leading banks and HFCs
- 100+ projects
- Exhibition special deals


www.mchikduproperties.com

More on Mumbai Real Estate News & Updates

More on Indian Real Estate News & Updates

MCHI CREDAI's 22nd Real Estate and Housing Finance Exhibition at MMRDA Grounds, Bandra-Kurla Complex, Mumbai from 17th to 20th October, 2013

MCHI CREDAI's 22nd Real Estate and Housing Finance Exhibition at MMRDA Grounds, Bandra-Kurla Complex, Mumbai from 17th to 20th October, 2013

The Maharashtra Chamber of Housing Industry, a member of the Confederation of Real Estate Developers' Associations of India (MCHI-CREDAI), will conduct its 22nd real estate and housing finance exhibition in Mumbai. 

Now for the 13th year in a row, it is a one-stop destination for potential property buyers and investors in MMR. This quarter the expo will be held from October 17-20, 2013 at MMRDA Grounds, Bandra-Kurla Complex.

The primary objective of the exhibition is to provide a real world view of the promising real estate industry to its consumers.

The exhibition will provide a common platform of interaction for property buyers and developers. It will display multiple options of affordable housing, second homes, luxury residences as well as commercial and retail property options which have or will be coming up.


MCHI over the years has emerged as a strong bond between property buyers and developers. Buyers are invited to one of India’s most successful and trusted property exhibition.

Credai against Reserve Bank's decision to link home loans to construction stages

Credai against Reserve Bank's decision to link home loans to construction stages

Criticising the Reserve Bank's decision to link disbursal of home loans to stages of construction, real estate apex body Credai said the move will harm developer sentiment and disturb business plans.

RBI asked banks to link the disbursal of home loans to stages of construction to protect the interests of buyers and contain the fallout of "innovative" housing financing schemes.

It has directed banks that upfront disbursal "should not be made in cases of incomplete/under-construction/ green field housing projects".

Confederation of Real Estate Developers' Associations chairman Lalit Kumar Jain said: "Housing finance institutions or banks normally safeguard their interest while devising such instruments. Abruptly issuing such circulars, advising bank against established practices only harm the sentiment and disrupts business plans. This will create setback for projects, affecting the end consumers."

The notification follows the introduction by some banks of "innovative housing loan schemes" in association with developers or builders, where upfront disbursal of housing loans is made to builders without being linked to the various stages of construction.

Also, under such schemes, the interest/EMI on the housing loan availed of by the individual borrower is serviced by the builder during the construction period. These loan products, the RBI said, are popularly known by names such as 80:20 and 75:25 schemes.

RBI said such home loan products are likely to expose banks and their borrowers to additional risks.

"RBI should have consulted stakeholders before issuing such circulars on disbanding current practices. In the past, the RBI circulars have resulted in reversal of good market sentiments affecting economy and concerning housing sector," he added. 

Reserve Bank of India asks banks to link home loans to stages of construction

Reserve Bank of India asks banks to link home loans to stages of construction

The Reserve Bank asked banks to link the disbursal of home loans to stages of construction to protect the interests of buyers and contain the fallout of "innovative" housing financing schemes.

"In view of the higher risks associated with such lump-sum disbursal of sanctioned housing loans and customer suitability issues, banks are advised that disbursal of housing loans sanctioned to individuals should be closely linked to the stages of construction of the housing project/houses...," an RBI notification said.

Upfront disbursal "should not be made in cases of incomplete/under-construction/green field housing projects".

The notification follows the introduction by some banks of "innovative housing loan schemes" in association with developers/builders, where upfront disbursal of housing loans is made to builders without being linked to the various stages of construction.

Also, under such schemes, the interest/EMI on the housing loan availed of by the individual borrower is serviced by the builder during the construction period. These loan products, the RBI said, are popularly known by names such as 80:20 and 75:25 schemes.

The RBI said such home loan products are likely to expose banks and their borrowers to additional risks.

The risks include disputes between borrowers and builders; default and delayed payment of interest/EMI by the builder on behalf of the borrower, and non-completion of the project on time.

"Further, any delayed payments by developers/builders on behalf of individual borrowers to banks may lead to lower credit rating/scoring of such borrowers by credit information companies...," according to the RBI notification.

The central bank said that in cases where bank loans are disbursed upfront on behalf of individual borrowers in a lump-sum to developers without any linkage to construction stages, banks run disproportionately higher exposures with concomitant risks of fund diversion.

Banks introducing any kind of product should take into account customer suitability and appropriateness and ensure that borrowers and customers are made fully aware of the risks and liabilities, the RBI said.

With effect from June 21, the RBI revised the loan-to-value (LTV) ratio, which determines how much the banks can finance. For loans of up to Rs 20 lakh, banks can lend up to 90 per cent, while the borrower has to pay 10 per cent.

For home loans between Rs 20 lakh and Rs 75 lakh, the LTV ratio is 80:20 while for loans above Rs 75 lakh, it is 75:25. The LTV ratio should not exceed the prescribed ceiling in all fresh cases of sanction.

CREDAI 13th NATCON 2013 at Moscow, Russia from 26th to 28th July 2013

CREDAI 13th NATCON 2013 at Moscow, Russia from 26th to 28th July 2013

CREDAI 13th NATCON 2013 at Moscow, Russia from 26th to 28th July 2013

CREDAI 13th NATCON 2013

Location: Moscow, Russia

Date: 26 - 28 July 2013

Download CREDAI 13th NATCON 2013 Registration Form

More details on www.credai.org

MCHI CREDAI Property 2013 - 21st Real Estate and Finance Exhibition from April 11 - 14 at MMRDA Grounds, Bandra Kurla Complex, Mumbai

MCHI CREDAI Property 2013 - 21st Real Estate and Finance Exhibition  from April 11 - 14 at MMRDA Grounds, Bandra Kurla Complex, Mumbai 

MCHI CREDAI Property 2013 - 21st Real Estate and Finance Exhibition  from April 11 - 14 at MMRDA Grounds, Bandra Kurla Complex, Mumbai 

- Over 12000 properties spread across Mumbai and Mumbai Metropolitan Region (MMR)

- Leading housing finance institutions and banks will participate

- About 102 developers participating including Ajmera Realty, Nahar Group, RNA Corp, RNA Corp, Ekta World, Hiranandani, Hubtown, Rustomjee, Kalpataru, India Bulls, Kanakia Spaces, Rajesh Lifespaces, Shree Naman Group, etc

- Properties across MMR, Thane, Navi Mumbai, Pune, Hyderabad, Chennai, Ahmedabad, Bangalore, and several other locations will be on display at the venue

- Options ranging from 1, 2, 3, 4, 5 BHK apartments, studios, duplexes, row houses, bunglaows, second homes, holiday homes, NA Plots, shops, office premises will be on offer at the event.

- The exhibition theme is 'Mumbai makes me happy; where dreams come true

- It will showcase Mumbai's heritage and some of the current and future iconic landmarks.

More details on www.mchi.net

MCHI CREDAI Property 2013 Exhibition starting Gudi Padwa onwards from April 11 - 14 at MMRDA Grounds, Bandra Kurla Complex, Mumbai

MCHI CREDAI Property 2013 Exhibition starting Gudi Padwa onwards from April 11 - 14 at MMRDA Grounds, Bandra Kurla Complex, Mumbai 

21st Real Estate and Housing Finance Exhibition


- Over 12000 properties spread across Mumbai and Mumbai Metropolitan Region (MMR)

- Leading housing finance institutions and banks will participate

- About 102 developers participating including Ajmera Realty, Nahar Group, RNA Corp, RNA Corp, Ekta World, Hiranandani, Hubtown, Rustomjee, Kalpataru, India Bulls, Kanakia Spaces, Rajesh Lifespaces, Shree Naman Group, etc

- Properties across MMR, Thane, Navi Mumbai, Pune, Hyderabad, Chennai, Ahmedabad, Bangalore, and several other locations will be on display at the venue

- Options ranging from 1, 2, 3, 4, 5 BHK apartments, studios, duplexes, row houses, bunglaows, second homes, holiday homes, NA Plots, shops, office premises will be on offer at the event.

- The exhibition theme is 'Mumbai makes me happy; where dreams come true'.

- It will showcase Mumbai's heritage and some of the current and future iconic landmarks.

Lalit Kumar Jain is new CREDAI Chariman

Lalit Kumar Jain is new CREDAI Chariman

Lalit Kumar Jain, Chairman and Managing Director of Mumbai-Pune developer Kumar Urban development Limited (KUL) has taken over as the Chairman of the realtors apex body CREDAI.

Earlier, Jain was the National President of CREDAI - Confederation of Real Estate Developers' Associations of India that has over 10000 members across 20 cities.

CREDAI general body has also elected C Shekar Reddy, National President. The new Vice Presidents of CREDAI are Jaxay Shah, MD of Savvy Group, Satish Magar, Chairman and MD of Magarpatta Township Development and Construction Co. Ltd, Sushil Mantri, Chairman and MD of Mantri Developers, Sanjeev Srivastava, MD of Assoctech Ltd and Harsh Vardhan Patodia, MD of Regent Hirise, Unimark Group and Heritage Realty Group.


Vijay Mirchandani, MD of Mirchandani Group takes over as new Honorary Secretary and Shekhar G Patel, MD of Ganesh Housing Ahmedabad as Honourary Treasurer of the apex body.