Realty News
$ 80 million (about Rs 468 crore) was invested by a private equity (PE) fund owned by Tata Capital, in South India-focussed realty firm, Shriram Properties. Tata Opportunities Fund Managing Partner Padmanabh Sinha stated that the company believes that the residential real estate market, particularly mid-market housing, should see high growth. Due to increasing urbanisation, changing demographics [...] Continue Reading »
After the formation of the new government led by Prime Minister, Narendra Modi, the finance ministry had a tough task of preparing a budget that could help answer the problem that the Republic of India has been facing. However it cannot be expected that all the problems will get answered at once. The people of [...] Continue Reading »
The ministry of Commerce stated that introducing a package including roll back of the minimum alternate tax can be announce to help the Special economic zone to revive. Commerce secretary, Rajeev Kher was heard saying that the revival in Special economic zones is important as they would help in the revival of export of capacities. [...] Continue Reading »
Lack of basic amenities, connectivity, power problem and transportation causes hindrance in the much famous IT special economic zone that Rushikonda houses which is hardly 15 firms out of nearly 100 odd IT and ITeS players who call Vizag their home. The representatives of several IT companies and other industrial bodies are scheduled to meet [...] Continue Reading »
The government’s plan to bring property brokers and agents under the ambit of the proposed real estate regulatory authority (RERA) is good news for the home buyers. However Sanjay Dutt the executive managing director, South Asia of Cushman & Wakefield feels that bringing brokers and agents under the bill is not a bad idea;however he [...] Continue Reading »
As venture capitalists have hurried to get the best in India’s fast growing starting market, we can find a sudden rush of money coming into selected set of many emerging business companies. In the coming year more than half a dozen of sectors like e-commerce, mobile internet, big data, technology services and makers of software [...] Continue Reading »
The recent union budget had completely missed on addressing the issues of Special Economic Zones. This had been a matter of concern in this sector. A section of special economic zone promoters in Kerala were highly disappointed because the demand they had put forward of scrapping the minimum alternative tax or MAT had completely been [...] Continue Reading »
Consumers looking at taking the benefit of the government’s emphasis on the real estate sector, especially the housing sector, need to be aware of the tax implications. These tax implications are related to the sale-purchase of properties particularly when the sale-purchase agreements and their executions are spread over several days/months or even years. The citizens [...] Continue Reading »
The Rural Development Ministry has proposed a number of amendments in the Land acquisition act. If they are cleared then they could lead to large scale dilution of the new Land Acquisition Act. It is expected to make the process of acquiring land easier. Scrapping the “consent clause” for Public Private Partnership (PPP) projects and narrowing [...] Continue Reading »
Gone are the days when we used to depend on human beings and manual interference for everything. With the advent of technology, many things have been eased and E- governance (electronic governance) is also one of them. This reduces manual labour, optimises cost and enhances transparency in any work. Technology-based efficient governance, better mobility and [...] Continue Reading »
