Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

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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Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

Mumbai Real Estate Continues to Remain Stagnant Amidst High Property Prices

Posted: 18 Mar 2011 02:50 AM PDT

The real estate market in Mumbai continues to remain stagnant as sale transactions are at an all-time low due to the high property prices. Traditionally, property sales in the city go up between February and April, with March recording the highest number of transactions. But, this year even that does not seem to be happening. [...]

PM Supports Lower Stamp Duties to Ensure Transparancy in Real Estate

Posted: 18 Mar 2011 02:44 AM PDT

Terming stamp duties as a “big obstacle” in ensuring transparent transactions in real estate, Prime Minister Manmohan Singh on Friday batted for reducing such levies to check the flow of black money in the sector. “I think as far as black money in real estate is concerned, unfortunately that is a reality and one way [...]

Hotel Leelaventure Plans to Raise its Borrowing Limit to Rs 5,000 crore

Posted: 18 Mar 2011 02:41 AM PDT

Hotel Leelaventure is planning to raise its borrowing limit to Rs 5,000 crore from Rs 4,000 crore, for which it has shareholders’ approval through a postal ballot. “As the hotel industry is capital intensive and the company is expanding rapidly, the increase in limits of borrowing powers is required. It is therefore proposed to increase this [...]

Bharti Realty Appoints Ananda Mukerji as Group Director-Business Development

Posted: 18 Mar 2011 02:39 AM PDT

Ananda Mukerji, who served as the CEO and MD of Firstsource Solutions, formerly known as ICICI Onesource, has moved to Bharti Enterprises in the role of group director-business development. Mukerji will also take up the additional responsibility of overseeing the group’s realty vertical, Bharti Realty. Bharti’s real estate business is headed by David Rebello. In April [...]

Total Environment Building Systems Launches Residential Gated Community Project at Hyderabad

Posted: 18 Mar 2011 02:35 AM PDT

Bangalore-based Total Environment Building Systems, an architect-led real estate design and development firm, has launched a residential gated community project, The Meadow Dance, based on the concept of earth-sheltered homes, in Hyderabad. The project, spread over 16 acres of land, is coming up on Himayat Sagar Road near Raj¬endra Nagar, close to the Outer Ring [...]

HDFC Launches Online Property Search Portal

Posted: 18 Mar 2011 02:32 AM PDT

The entry of HDFC Ltd has stirred the online property search business segment. The country's top mortgage lender has launched its own real estate search portal www.hdfcred.com. The venture will be operated under its wholly-owned subsidiary HDFC Developers Ltd. "Our portal is a logical extension of our real estate business. Some of the grouses we [...]
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Property News from IndianRealtyNews

Property News from IndianRealtyNews

Link to India Properties - Real Estate India - Indian Property News Site

Real Estate the Most Preferred Investment Avenue in Non- Metros

Posted: 16 Mar 2011 11:09 PM PDT

Real estate has emerged as the most preferred investment avenue for working professionals in non-metro centres vis-à-vis bullion and stock market. Realty has topped the preference chart as it is considered a safer investment option compared to other instruments and the booming real estate sector in Tier-II towns of the country. Almost 60 per cent [...]

Developers Express Concern over Budgetary Proposal to Impose MAT and DAT on SEZs

Posted: 16 Mar 2011 10:36 PM PDT

Leading developers of special economic zones (SEZ) from across the country, including ONGC, Reliance, DLF, Mahindra World City and Unitech, have expressed concern over the Budgetary proposal to impose Minimum Alternate Tax (MAT) and Dividend Distribution Tax (DDT) on SEZs. They have urged the Government to reconsider the proposal. MAT is a levy on book [...]

RBI to Continue with its Rate Tightening Policy

Posted: 16 Mar 2011 09:07 PM PDT

The Reserve Bank of India is expected to continue its rate tightening cycle and raise policy rates by a quarter percentage point on Thursday, for the eighth time in about a year, to tame inflation amid strong growth momentum. Besides supply bottlenecks and the prospect that global oil prices could remain high, concerns over robust [...]
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