Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Khaitan IAS man to Head Delhi Real Estate Practice

Posted: 08 Mar 2010 09:21 PM PST

Khaitan & Co has hired ex-bureaucrat and lawyer Dr PK Agrawal as partner to head its real estate practice in Delhi. This is Agrawal’s first assignment at a law firm, which he has now taken up after retirement. Agrawal said: “As an IAS officer, I was dealing with a lot of court cases, especially in revenue [...]

DLF Signals Rise in Property Prices

Posted: 08 Mar 2010 08:19 PM PST

Following the interest rate hike by a few leading banks and the government proposal to slap service tax on the realty sector, the country’s largest real estate developer DLF on Monday said properties would turn dearer as developers would have to pass on the service tax burden to end-users. “If the signal from the bank [...]

Finance Ministry Rules Out Rolling Back of Service Tax on Real Estate Sector

Posted: 08 Mar 2010 07:22 PM PST

The Finance Ministry on Thursday ruled out rolling back of service tax on real estate developers at the time of construction, a move which the industry says will jack up housing and commercial property prices. “Construction is a service. As a service, there is no reason why it should not be taxed,” revenue secretary Sunil Mitra [...]

India in Hiring Mode- Hiring on for Real Estate Sector

Posted: 07 Mar 2010 09:17 PM PST

India continued to be the most optimistic nation in terms of hiring plans for the next three months, driven by strong job opportunities across all sectors including finance and realty sectors, global staffing services firm Manpower said. According to the quarterly ‘Employment Outlook Survey’, India Inc’s hiring outlook improved by four percentage points for the April-June [...]

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