Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Slowdown has Helped Develop Successful Business Model for Modern Retail

Posted: 03 Apr 2010 12:44 AM PDT

After last year's big squeeze, both on consumer spending and store numbers, retailers should be complaining about the slowdown. Instead, they say the downturn was good for the industry. "The slowdown was the best thing that could have happened to modern retail in India," says Kumar Rajagopalan, chief executive of industry body Retailers Association of [...]

Property Deals Going Sore Because of Additional Tax

Posted: 03 Apr 2010 12:39 AM PDT

If real estate players are to be believed, several property deals in Mumbai are getting cancelled due to the additional costs being levied by developers at the time of handing over procession of the properties. Yashwant Dalal, president of the Estate Agents Association of India, said that many developers have decided to collect service tax, [...]

Karaikal Port Finalises its Fund Raising Plans

Posted: 03 Apr 2010 12:34 AM PDT

Karaikal Port Private Ltd (KPPL), a wholly-owned subsidiary of Marg, an infrastructure and real estate development company, has finalized its fund raising plans for its second phase of expansion. It is a deep-water port at Karaikal district of Puducherry. The port is envisaged to have a total of 9 berths capable of handling 47 million tones [...]

Urban Development Minister Demands Rollback of Service Tax in Real Estate

Posted: 03 Apr 2010 12:30 AM PDT

Arguing that it will stunt growth of the housing sector, Urban Development Minister Jaipal Reddy has written to Finance Minister Pranab Mukherjee seeking a rollback of service tax in the real estate sector proposed in the Budget. "I wrote to the Finance Minister a couple of days ago requesting him to review imposition of the [...]

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