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Record Rental Deal in Mumbai: Sahara Group May Pay Rs,70crore Annual Rent

Posted: 16 May 2011 07:46 PM PDT

The residential property market may be stagnant, but the demand for office space is still strong if a lease transaction in Bandra-Kurla Complex (BKC) is any indication. The deal, touted as the highest ever for a commercial property in terms of annual rent, will fetch the owner, Parinee Developers, almost Rs 70 crore a year [...]

Govt Decides to withdraw Stamp Duty Relaxation

Posted: 16 May 2011 07:40 PM PDT

The government has decided to withdraw the stamp duty relaxation available to stock exchanges on demutualisation to put pressure on the ones that have not yet done so. The new stamp duty law worked out by the government says the benefit will lapse one year after the new framework comes into force. The revenue department [...]

Lucrative Property Rates Make Dubai Hotspot for Indian Buyers

Posted: 16 May 2011 07:40 PM PDT

If you’re fretting over the increasing property rates in your city, how about buying a house in a place where the average prices are 60% cheaper than those in Mumbai? And no, we’re not talking about a tin shack in the boondocks. Actually, we aren’t talking of India at all. It’s in the heart of [...]

Trinamool-Congress Planning Tata’s Return into West Bengal

Posted: 16 May 2011 05:51 PM PDT

Ratan Tata may have blamed Mamata Banerjee for ousting his Nano project from West Bengal but newly-elected MLA Amit Mitra, tipped to be finance minister, said the Trinamool-Congress regime would seek the salt-to-software conglomerate’s return to the state. Mitra, who is yet to resign as Ficci secretary general, said in a television interview that he [...]

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