Ahmedabad
Minimum Alternative Tax (MAT) which has been imposed alongside Dividend Distribution Tax (DDT) to adversely affect 50-odd Gujarat’s SEZ proposals. Proposals made in two Vibrant Gujarat investment summits, in 2009 and 2011, worth around Rs 1.25 lakh crore, would be adversely affected. The Government of India’s (GoI) to impose a minimum alternative tax (MAT) of [...] Continue Reading »
Ahmedabad Municipal Corporation (AMC) resumed its sealing drive on Monday after a gap of one month. Civic officials sealed 156 commercial units in eight complexes between Stadium Circle and Swastik Crossroads which has seen the maximum action from the AMC. Civic officials said that the shops sealed on Monday operated from buildings which were shown [...] Continue Reading »
City-based developer said that realty prices could rise by 10 per cent. Builders say if suppliers of raw materials don’t reduce prices, they will be forced to pass on the royalty burden to property buyers. The Gujarat Government on Thursday has passed a resolution to charge royalty on minor minerals used as building materials from [...] Continue Reading »
A survey taken up by the civic authority has exposed various fraudulent practices employed by builders to construct buildings illegally in the walled city. According to Ahmedabad Municipal Corporation officials, the first two days of the survey in the walled city – primarily Khadia, Raipur, Dariapur, Kalupur and Shahpur – has exposed several frauds by [...] Continue Reading »
The Sept 1 Supreme Court ruling prohibits builders from selling parking area as independent units to flat buyers. A division bench of Supreme Court has ruled that builders cannot sell parking areas in the stilt area as independent units as the same is to be extended as ‘common areas and facilities’ for the owners. Builders, [...] Continue Reading »
After a brief lull in 2008-09, property prices rose sharply in 2010. According to realty experts, in 2011, the momentum in property prices is likely to continue. But the gains may not be uniform across the country. The Property prices are likely to appreciate in a few pockets. Here is a ist of hot property [...] Continue Reading »
Indian cities — Ahmedabad, Bangalore and Chennai — were listed among the world’s fastest-growing cities by Forbes magazine. The report also called Gujarat the “most market-oriented and business -friendly” among Indian states. But Bangalore’s swift growth could prove dangerous. Its population is projected to reach 9.5 million by 2025 and maintaining its advantage over smaller, [...] Continue Reading »
