Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Rules that Simplify Property Buying for NRIs in India

Posted: 18 Mar 2011 11:03 PM PDT

It makes sense for non-resident Indians (NRIs) and persons of Indian origin (PIOs) to invest in property in India. A NRI is a person who is not resident in India. According to the Foreign Exchange Management Act (FEMA), ‘person resident in India’ includes a person residing in India for more than 182 days during the [...]

Lack of Reliable info a Worry for Home Buyers in Gurgaon

Posted: 18 Mar 2011 10:52 PM PDT

The city has over 75% of Haryana’s share of applications for licences and clearances of residential projects, which are being launched on a weekly basis. However, customers do not have any reliable information about whether the builders have obtained the necessary clearances before they start raising money from them. About a fortnight ago, the Town and [...]

Ansal API Sold 3million sqft Space worth Rs 294 cr in Feb

Posted: 18 Mar 2011 10:49 PM PDT

Real estate developer Ansal Properties & Infrastructure has sold nearly 3 million sq ft of space worth Rs 294 crore in February across various places in the country. “In February 2011, the company booked sales of about 2.92 million sq ft, aggregating to sale value of about Rs 294 crore,” the company said in a [...]

Imposition of MAT can make SEZs Unattractive for Exporters

Posted: 18 Mar 2011 10:44 PM PDT

The imposition of minimum alternate tax (MAT) on special economic zones could make them unattractive for exporters as incentives available outside will outweigh the tax benefits offered by an SEZ, according to experts. The Budget for 2011-12 has proposed to levy 18.5% MAT on the book profits of units operating in SEZs. Exporters in the [...]

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