Realty News
The Golden Gate Properties which is a leading property developer in the south has announced about the launch of its new project Presidential Tower in Yeshwantpur, Bangalore. The project which will be built at 50 storeys and 151 metres high will be the tallest residential tower in Bangalore, as stated by the developers. It is [...] Continue Reading »
While Sebi readies to introduce the concept of Real Estate and Infrastructure Investment Trusts in the country, the government has decided to provide the significant tax benefits for these listed business trusts. The proposed tax exemptions and benefits notwithstanding, these new investment instruments would still be ‘revenue accretive’ for the government in the form of [...] Continue Reading »
The ZyFin Research’s Consumer Outlook Index data for the month of July 2014 indicates that the consumer spending is bound for a gradual recovery in recent times. This is based on the steady improvement in consumers’ plans to make big-ticket purchases since April 2014, driven by a perceived improvement in economic conditions. Apart from any [...] Continue Reading »
The FMCG giant ITC is India’s most admired company, followed by engineering major L&T and Hindustan Unilever Ltd, according to a list compiled by Fortune India with global management consultancy Hay Group. ITC scored the highest on parameters such as corporate governance, endurance, social impact, and product quality and employee empowerment. In this present year, [...] Continue Reading »
The City and Industrial Development Corporation (Cidco) will soon build a modern township. It will take up the pilot project of 38 sq km on the 600 sq km of the Navi Mumbai Airport Influence Notified Area (NAINA), close to the new airport in Panvel taluka. The plot earmarked for the pilot project, is as [...] Continue Reading »
The Government is expected to give tax benefits to listed Real Estate and Infrastructure Investment Trusts. As according to sources any capital gains tax on units of InvITs would be levied only at the time of ultimate disposal of the units of the sponsor under the new norms. Although the sponsor would not be entitled [...] Continue Reading »
GRIHA Pravesh Buildteck is developing a luxury project in Noida, comprising garden apartments and penthouses. The project, Griha Pravesh, will have seven towers, 18 stoeyed each, and 501 units. It will comprise two, three and four BHK ultra-luxury homes, garden apartments and penthouses. The size of each apartment will range between 1,175 sq ft and [...] Continue Reading »
The Supreme Court last day had asked the Punjab and Haryana High Court to adjudicate a PIL by Haryana Janhit Congress (HJC) chief Kuldeep Bishnoi seeking quashing of laws enacted by Haryana and the Centre to facilitate the setting up of Special Economic Zones (SEZs). Kuldeep Bishnoi had also filed the PIL in the apex [...] Continue Reading »
The Kerala high court on Wednesday had questioned the stance of authorities in seeking action against DLF’s apartment complex near Chilavannoor backwaters after granting permission for construction. Justice A Muhamed Mustaque had also questioned the stance of Kerala Coastal Zone Management Authority (KCZMA) and the government while considering a petition filed by the builder through [...] Continue Reading »
Footwear firm Bata India has decided to merge its two wholly owned subsidiaries – Bata Properties Ltd and Coastal Commercial & Exim Ltd – with the company. The board of the company, in a meeting held yesterday decided to merge the two subsidiaries, Bata India said in a filing to BSE. The Board of Directors [...] Continue Reading »
