Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Finance Ministry Provides Slight Tax Relief to Realtors

Posted: 29 Apr 2010 11:48 PM PDT

Home buyers could pay less for property following a partial rollback of a budget levy on realtors by finance minister Pranab Mukherjee today. Mukherjee said realtors would pay a 10 per cent service tax on 25 per cent of the value of the built property, including the cost of land, against the budget announcement of [...]

Price Rise Will not Favour Real Estate in the Long Run

Posted: 28 Apr 2010 09:40 PM PDT

Even as realtors are happy about the rise in property prices in the last two quarters to almost the pre-slowdown highs, experts said this sudden rise in prices will not help the sector in the long run but would rather derail the recovery process of the sector, which is still looming under a funds crisis. According [...]

Jaypee Group comes up with Jaypee Greens Sports City in Greater Noida

Posted: 28 Apr 2010 08:44 PM PDT

Jaypee Greens Sports City Greater Noida offers 2, 3 and 4 bedroom apartments in Greater Noida at affordable price with top class amenities like lush green surroundings, world class infrastructure, parks, shopping centers, secured gated community, multi tier 24*7 securities, power back up, car parking and many more. Jaypee Greens Sports City Greater Noida is well [...]

LIC Housing Finance Plans Foray Into Banking Business

Posted: 28 Apr 2010 07:50 PM PDT

LIC Housing Finance, a subsidiary of Life Insurance Corporation of India (LIC), plans to apply for a banking license if it qualifies after the Reserve Bank of India (RBI) issues guidelines on issue of fresh licenses for private sector companies. Even if its parent company, LIC, is not able to partner the venture, the home [...]

Mall Culture not a Big Success in India

Posted: 28 Apr 2010 07:47 PM PDT

Let's begin with defining success. In the case of a shopping mall (and most other consumer facing businesses), I believe this lies at two levels — success at a customer value proposition level (end consumer and retailer/occupier), and then at a financial level for the mall developer. For the shopping mall revolution to be considered [...]

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