Realty News
Earlier this week, CII (Confederation of Indian Industry) officials and other eminent industrialists had gathered at an interactive session in New Delhi to watch the live telecast of the 2014-2015 General Budget. The industry and its leaders have welcomed the Modi government’s first budget as reformist, one that will help create more job opportunities and [...] Continue Reading »
CBDT (Central Board of Direct Taxes) is expected to notify later this week the constitution and terms of reference of a high- level committee, which will scrutinise all Income Tax cases emerging out of the retrospective amendment of the Act. This new mechanism was declared by the Finance Minister Arun Jaitley in the budget speech [...] Continue Reading »
A penalty of Rs 630 crore was imposed by the Competition Commission of India (CCI), holding the prestigious realty major DLF guilty of abusing its dominant market position with regard to a residential society in Gurgaon. DLF on Thursday moved to the Supreme Court against the Competition Appellate Tribunal’s (Compat) order which was issued in [...] Continue Reading »
The present budget is very much real estate friendly and the realty experts today welcomed the Budget proposals to allow FDI in housing sector and tax incentives for REITs. The industry now is beaming with new hopes and feels that these measures will help boost affordable housing as well as improve investment flows. The Budget [...] Continue Reading »
The Finance Minister Arun Jaitley today stated that all the fresh cases arising out of the 2012 amendment of I-T Act would be looked into by a high level CBDT (Central Board of Direct Taxes) committee. He also mentioned that retrospective amendments to tax laws will be undertaken with extreme caution and the investors need not [...] Continue Reading »
The government is determined to revive SEZs and Arun Jaitley today mentioned that some of the effective steps to be taken by the government will make the SEZs the instruments of industrial production, economic growth, export promotion and employment generation. While presenting the Budget 2014-15, the Finance Minister stated that for achieving this, effective steps [...] Continue Reading »
The Budget had scored many hits and misses just like the on-going football world cup. The investors were confused to quite an extent after following the finance minister Arun Jaitley’s maiden Budget. Eventually, after an exceptionally volatile intra-day trading that saw the Sensex move more than 800 points, the benchmark lost 72 points. Jaitley decided to [...] Continue Reading »
Arun Jaitley, the Finance Minister has stated that the government will open up the closely controlled sectors of defence and insurance in front of foreign direct investment (FDI). By reducing the minimum built-up area requirement from 50,000 sq m to 20,000 sq m and also cutting the capital requirements of $10 million by half, the [...] Continue Reading »
Domestic IT companies are hopefully going to find interest in the few proposals that have been outlined in the Budget. The proposals include the set up of an eBiz platform which would likely benefit the companies as all investment and business clearances will be available on a single portal, along with a payment gateway. The [...] Continue Reading »
At a Projects and Works Committee (PWC) meeting held in Jaipur on Wednesday, the Jaipur Development Authority (JDA) reached a decision about developing an 18-hole golf course at the Jaipur-Delhi highway. Revealing that approximately 400 bigha of land has been reserved by the JDA on the Jaipur-Delhi highway, JDA Secretary Pawan Arora said that the [...] Continue Reading »
