Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Budget 2010 comes up with Good Investment Opportunities for NRIs

Posted: 24 Mar 2010 12:53 AM PDT

India’s budget yet again demonstrates to NRIs that investing in their homeland is probably the best option right now. The West is still struggling to climb out of one of its deepest recessions and provides low returns, while India’s growth story promises healthy returns. Surely, it’s time to wake up and smell the Indian coffee. [...]

Record Land Deals in Ahmedabad-Rs900 crore, 15 days

Posted: 24 Mar 2010 12:49 AM PDT

Some big realty companies, including Savvy Infrastructure, Goyal Construction, Gala Group and SN Group, have led this spectacular realty surge. The land deals clinched in the past fortnight include the Rs150 crore worth deal in which the Delhi-based realty giant, Parsvnath Developers Ltd, sold off 27,000 sq meters in Satellite. Shrenik Shah of Space Management [...]

Real Estate Chandigarh Facing Severe Downturn

Posted: 23 Mar 2010 10:49 PM PDT

The luxury-living bubble, it seems, has finally burst. Deluxe apartments and luxe villas offered by the country's topnotch realtors in this part of the country are not just seeing a flight by investors, but have also failed to excite new buyers. With recession hitting these realtors hard and most of these projects yet to take [...]

RBIs Hike in Key Policy Rates Won’t Impact Home Demand

Posted: 23 Mar 2010 10:35 PM PDT

The hike in key policy rates announced by the Reserve Bank of India (RBI) yesterday is unlikely to have an immediate impact on demand for homes unless loan rates rise, say industry officials and analysts. RBI yesterday hiked the repo rate by 25 basis points (4.75 to 5 per cent) and the reverse repo rate [...]

Pvt Banks to Offer Tax-Free Core Bonds

Posted: 23 Mar 2010 07:38 PM PDT

India's private banks and non-banking finance companies (NBFCs) appear set to join a list of select stateowned firms which will be allowed to offer tax-free bonds to investors, as the government seeks to broaden its avenues to raise long-term funds to build more roads, ports and power plants. The country will need over a trillion [...]

ICICI to Offer Retail Banking Services in Singapore

Posted: 22 Mar 2010 10:22 PM PDT

The Monetary Authority of Singapore has on Monday allowed ICICI Bank to offer retail banking services. The authority has granted ICICI Bank a qualified full banking (QFB) status. ICICI Bank is the second Indian entity to get this authorisation in Singapore. The country's largest lender, State Bank of India, was given a similar license two [...]

Service Tax on Renting Immovable Property

Posted: 22 Mar 2010 10:15 PM PDT

Budget 2010 has significant service tax related proposals in store for the real estate sector. In the previous article, the service tax proposals on property construction activities were discussed. The article addresses the amendments concerning the renting of immovable property. Before that it is imperative to set out first the background relating to the issue. [...]

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