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SBI Eyes Big Surge in Home Loans

Posted: 24 Jun 2010 05:41 PM PDT

State Bank of India (SBI), India's largest lender, is neck and neck with mortgage leader and pioneer HDFC in terms of home loans outstanding, according to data from Icra, the rating agency. The bank is aiming to increase its home loan portfolio (opening balance of loans plus loans disbursed less repaid in a year) by [...]

Bangalore Based Century Real Estate Plans to launch Seven Projects this Year

Posted: 24 Jun 2010 04:24 PM PDT

Bangalore-based Century Real Estate is planning to launch seven projects this year involving an investment of about Rs 800 crore. Of the proposed projects, five will be in the affordable housing segment, one will be a villa project and the last a mixed-use development that will comprise commercial building and high-end residential apartments. The company [...]

The Impact of New Tax Code on Real Estate

Posted: 24 Jun 2010 03:43 PM PDT

The revised draft for the Direct Tax Code released on June 15, is currently a hot topic of discussion among people. The code is an attempt by the government to simplify the existing income tax laws in the country. Assuming there are no further roadblocks, the government expects to implement DTC on April 1, 2011, [...]

CCI Enters into Real Estate Plans to invest Rs 1,000 crore

Posted: 23 Jun 2010 06:26 PM PDT

Cable Corporation of India on Wednesday said that it has forayed into the real estate sector with an investment plan of Rs 1,000 crore for its first project. The company will be developing the project through its associate company, CCI Projects Private Ltd (CCP), in which CCI holds 15 per cent stake. The project, spread over [...]

Mahindra Holidays and Resorts Plans to Triple Rooms Capacity

Posted: 23 Jun 2010 05:28 PM PDT

Mahindra Homestays, a brand of Mahindra Holidays and Resorts, plans to almost triple its rooms capacity to 2,000 during this fiscal with a view to capitalise on the expected high tourist influx on account of the Commonwealth Games. “The concept of homestay is still new in the country. Currently, Mahindra Homestays has about 270 homes with [...]

SEZs migrating to other zones may face tax hurdles

Posted: 23 Jun 2010 03:30 PM PDT

The Commerce Ministry may have allowed SEZ units to migrate from one SEZ to another, but such units may face tax difficulties in the absence of specific guidance from tax authorities to cover such situations, say tax experts. There is no specific provision in the income tax law to deal with the migration situation and hence [...]

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