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M3M India Ltd Bags Best Project Award at NRI Dubai Summit

Posted: 13 Jul 2010 03:53 AM PDT

M3M India Ltd. won an award at the prestigious NRI summit 2010 held in Dubai. The company's upcoming project Golf Estate has been selected as the most promising project across the real estate sector in India. The panel of judges selected M3M's Golf Estate as the category winner because of the project's architectural excellence and [...]

Govt Plans Independent Regulatory Body for Indian Retail Sector

Posted: 13 Jul 2010 03:22 AM PDT

The Centre is mulling over creation of an independent body to regulate the country's vast retail sector. The retail regulatory authority would ensure a level playing field for indigenous retail traders if the government opens the sector to more foreign participation. The Ministry of Consumer Affairs and Food has convened a meeting on July 8 [...]

Govts Plan to Allow FDI in Retail Rekindles Hope among Retailers

Posted: 13 Jul 2010 03:18 AM PDT

The Indian retail sector which, till less then a decade ago was touted as a 'hot’ new sector, has since remained only 'promising’ and has failed to live up to its initial billing. It has been beset by a combination of lack of clarity in government policy and paucity of funds which have put paid [...]

Vardhman Group comes up with Slum Redevelopment Programme

Posted: 13 Jul 2010 03:08 AM PDT

The slums of Sangli, 390 km southeast off Mumbai may not look the same any longer. Vardhman Group, one of Mumbai's oldest and leading real estate companies, has now come up with an ambitious slum redevelopment programme for as many as 3,800 units in Sangli in Maharashtra under the Jawaharlal Nehru National Urban Renewal Mission [...]

SEZ Developers Concerned Over Adverse Impact of DTC

Posted: 13 Jul 2010 02:56 AM PDT

The likelihood of new units in Special Economic Zones losing Income-Tax exemptions in the Direct Taxes Code regime has stepped up representations to the Centre. According to the DTC revised draft, units coming up in SEZs after the implementation of the Code from April 1, 2011, would not get I-T holiday. Many SEZ developers, including infrastructure [...]

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