Delhi-NCR
New Delhi- In a recent announcement, all the units under the special economic zones (SEZs) who are planning to shift to new enclaves along with the government’s clarification can avail the tax benefits even after relocation. However, various software companies have been issued with the clarification and as per the commerce department officials, this policy [...] Continue Reading »
New-Delhi- In a recent decision made by the government, a plan to set up the Land Authority of India to take over the under-utilized and unused government land and their monetizing has been made. This will help in the country’s capital generation of about Rs. 1 lakh crore which will help in propping the country’s burgeoning fiscal deficit. The decision was put [...] Continue Reading »
New Delhi- The greedy relatives and devious developers are grabbing the properties of NRIs in India. The NRIs are caught in the miserable scenario with this unlawful land grabbing by their own relatives and developers. This situation has eventually led to the Indian expatriates fighting for their properties. It is shocking to know that most of the [...] Continue Reading »
The state telecom Mahanagar Telephone Nigam (MTNL) has mandated a consortium led by the global real advisory firm DTZ to unlock roughly Rs 5000 crore from the land holdings in Mumbai and Delhi. The company also said that the land can be given for sale, lease and redevelopment through public-private partnership as a part of [...] Continue Reading »
To bring in relief to the commuters, the bylanes of east Delhi will soon be replaced by monorail that will connect the most congested areas and will be linked with the metro stations, liberating the commuters from heavy traffic. A detailed project report of the 11 km alignment of the monorail has been prepared by [...] Continue Reading »
New Delhi- The upcoming budget session will have the real estate bill tabled without any changes. It is said that the ambit of the bill excludes the sale of space for commercial purposes like offices or shops. Due to a tug-of-war between Ajay Maken’s housing ministry who is piloting the bill and Kamal Nath’s urban development ministry who [...] Continue Reading »
Delhi- After the controversial remarks on the Delhi gang rape, Asaram Bapu is again in the news for another controversy. The self-styled godman has been alleged with Rs. 700-crore land grab case. The Serious Fraud Investigating Office has decided to prosecute him. According to the SFIO, Bapu has been a part of the 200 acres land grab [...] Continue Reading »
New-Delhi- With a target price of Rs. 300, the Bank of America Merrill Lynch has sustained its ‘Buy’ status on DLF BSE 3.70 percent. As per a BofA-ML official, they have decided to reiterate ‘Buy’ on DLF based on the revised price objective of Rs. 300 with a 15 percent discount to net NAV of Rs. 353 along with 20 [...] Continue Reading »
New-Delhi- The country’s real estate sector 2013 outlook was revised by Indian Ratings to stable from negative due to the improvement in margin and liquidity of developers seen by the Fitch group. India Ratings has noted an encouraging trend of the ease of liquidity pressures. Real estate companies in the financial year of 2012-13 saw [...] Continue Reading »
New-Delhi- DLF, one of India’s largest real estate firms, has decided to sell away its wind energy business to settle its debt. DLF will be selling away its wind energy business for a sum of Rs. 900 crore to an un-named company which was started by the previous general Electric India Boss. As per officials, [...] Continue Reading »
