Realty News
In an exercise that was aimed at checking the black money, economic intelligence agencies have started identifying instances where proceeds from the property sale have been suppressed in a bid in order to defraud the government of revenue from stamp duty. The government may also form a database of the suppressed sales proceeds in order [...] Continue Reading »
Anurag Jhanwar, Director, Real Estate Ratings, CRISIL, has stressed the need for enhanced transparency in the real estate sector, which can be achieved through self-regulation by developers. The good news is that we are now seeing developers coming forth and embracing this concept by opening themselves up to third-party evaluation, a positive sign indicating dedication [...] Continue Reading »
The Foreign direct investments (FDI) flows into India more than doubled to $3.5 billion in the month of July, according to the data that was released by the Department of Industrial Policy and Promotion today. In the month of July 2013, the country had received FDI worth $1.65 billion. During April-July this fiscal, the foreign [...] Continue Reading »
The NDA government, in the Supreme Court, blamed the Congress-led UPA regime for the delay in setting up of an independent environmental regulatory authority which would help to monitor compliance of the green laws while asking for three more months to take a final call. Even as the Supreme Court had on August 4 rejected [...] Continue Reading »
Southern developer RMZ Corp, backed by Qatar Investment Authority (QIA), is close to buying an IT park owned by BPTP for Rs 800 crore, people directly involved with the matter said. The Bangalore-based RMZ is acquiring the 650,000-sq-ft IT park in Phase IV, Gurgaon, built on 4.5 acres and located close to the international airport. [...] Continue Reading »
Even before they compete for a share of customers’ wallets, Hennes and Mauritz (H&M), Massimo Dutti and Gap are engaged in a battle with local and global brands that entered India before them for mall space. There are just around 20-24 good malls in India, say experts. Most are fully occupied, and any retailer that [...] Continue Reading »
For those looking for the latest in building material, architecture and interiors, there will be no better opportunity than ‘The Hindu Business Line-Construction, Architecture & Interiors 2014’ show to be held in Coimbatore from September 19 to 21, 2014. With growing affluence and awareness about the latest trends in construction not only within but outside [...] Continue Reading »
The National Highways Authority of India (NHAI) has raised concerns over the road ministry’s decision to put on hold its proposal for allowing full equity divestment in public-private partnership (PPP) projects, arguing that a stressed promoter can be harmful for the project. In a letter to the ministry, NHAI has said that it had convinced [...] Continue Reading »
Noida Extension Flat Owners Association (NEFOWA) filed 35 “first appeals” with the Greater Noida Authority on Tuesday, claiming that replies to most of the 100 RTIs they had filed in August seeking information from builders on several issues were “unsatisfactory”. A letter highlighting the issue was also sent to the Prime Minister. NEFOWA general secretary [...] Continue Reading »
India has warmed to the idea of the BCIM (Bangladesh-China-India-Myanmar) corridor that could prove to be a game-changer in regional linkages among the four countries. The BCIM corridor, long promoted by China, is intended to link Kunming to Kolkata, Mandalay (Myanmar), Dhaka and Chittagong. It is intended to advance multi-modal connectivity, harness economic complementarities, promote [...] Continue Reading »
