Property News from IndianRealtyNews

Property News from IndianRealtyNews

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Faridabad sees Considerable Rise in Demand for Residential Property

Posted: 07 Aug 2011 08:06 PM PDT

Faridabad, the industrial city of the national capital region, has rapidly emerged as one of the most preferred destinations for real estate investors. The city has developed over the last five decades and has witnessed considerable rise in demand for residential property, while also offering investors constant increased returns. No more a smoky industrial city, [...]

FDI in Multi-Brand Retail to Open Millions of Employment Opportunities: Experts

Posted: 07 Aug 2011 07:20 PM PDT

The Opposition may be asking the United Progressive Alliance government how foreign direct investment (FDI) in multi-brand retail would help generate employment, but the industry has already begun crunching numbers. At the first sign of the sector opening up, human resource consultants, body shoppers and recruitment agencies are scouting for opportunities and, of course, talent [...]

High Court Upholds Service Tax on Renting of Property

Posted: 07 Aug 2011 07:14 PM PDT

In a judgment that has enriched the central government coffers by an estimated Rs 10,000 crore in the last three years, the Bombay high court on Thursday upheld the constitutional validity of service tax on commercial real estate transactions on renting of property. A 12% service tax was introduced in the amended Finance Act, 2007. [...]

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