Property News from IndianRealtyNews |  |
- Foreign funds sneak into property business
- Ansal sees Rs 730 cr from two townships
- No taxing time for real estate: Govt
| Foreign funds sneak into property business Posted: 03 Mar 2010 09:29 PM PST Foreign debt, banned in real estate, is finding its way into property firms, as bankers and lawyers help builders cobble together new deals to raise money. Even though foreign loans, better known as external commercial borrowings (ECBs), are not permitted in construction, property firms have spotted a mechanism where the debt can be provided by [...] |
| Ansal sees Rs 730 cr from two townships Posted: 03 Mar 2010 08:31 PM PST Ansal API, the New Delhi-based real estate player, is looking at garnering sales of at least Rs 730 crore from two townships in the next two fiscals, even as it ramps up its plans for the affordable housing segment, a source familiar with the development said. The developer is currently working on 19 townships focusing [...] |
| No taxing time for real estate: Govt Posted: 03 Mar 2010 07:50 PM PST The government today said the net impact of the service tax on real estate construction would be only 3.3 per cent, since construction attracts service tax only on 33 per cent of the value. The government had last week clarified through the Budget that transactions such as leasing vacant land and commercial spaces, payment made [...] |
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