Budget
The home buyers and developers are hoping for a market revival. While the demand for residential units has remained subdued over the last six months due to several reasons such as high interest rates, inflation, depreciating value of the rupee and overall slow economic environment, the new government at the Centre and the recent announcements [...] Continue Reading »
The government in its effort to gain foreign investors has announced in its 2014-15 Budget two important measures to increase the flow of foreign funds in real estate and reductions in the minimum size of projects from 50,000 square metres to 20,000 square metres, and the investment amount in a project from US$ 10 million [...] Continue Reading »
If you are thinking about buying a couple of apartments after selling your dilapidated ancestral home, then be prepared to shell out a hefty sum in capital gains tax. The new Budget has capped tax breaks available to such property buyers. This has been done through a seemingly innocuous tweak in the language of Sections [...] Continue Reading »
Hinjewadi, which is located in the west, is the most active IT hubs of Pune is serving as a workplace for thousands of professionals. It is becoming popular because of its affordable property values and seamless connectivity. As per the data, this area records maximum demand for properties in the budget of Rs 20-40 lakhs [...] Continue Reading »
On Saturday, Goa Parivartan Manch members, calling the Bharatiya Janata Party (BJP) government’s budget declaration of rehabilitating slum dwellers a political publicity stunt alleged that the government in Goa had failed to keep most of its own targets for developmental work. Chief minister Manohar Parrikar at first speaks of protecting land resources of Goa with [...] Continue Reading »
Finance Ministry sought a major revision to the draft proposed by the Roads Ministry regarding the formation of a Road Regulatory Authority. The role of such a regulator is to sort out issues between private road developers, National Highways Authority of India and Ministry of Roads, Transport and Highways, and ensure smooth functioning of road [...] Continue Reading »
In Monday’s interim Union Budget, Kochi Metro Rail project has been allotted Rs.462.17 crore. The total cost of the project is estimated to be Rs 5,537-crore. Of this, Rs. 66.95 crore as interest-free subordinate debt, Rs.161.79 crore will be loan while Rs. 233.43 crore will be given as equity contribution. Mr. Elias George, Managing Director [...] Continue Reading »
In another bid to ease off traffic at major shopping destinations in New Delhi, the New Delhi Municipal Council (NDMC) is planning to link underground parking lots and the markets through the underground car-corridors. The sites already identified by the council include Khan Market, Gole Market and INA/ Dilli Haat area. NDMC Chairman, Jalaj Shrivastava [...] Continue Reading »
Noida, Greater Noida and Yamuna industrial development authorities are set to present their annual budget on Wednesday. The Noida authority allotted a total budget of Rs 9,200 crore for the year 2014-15, according to sources. More than Rs 3,000 crore could be allocated by Yamuna Expressway Industrial Development Authority (YEIDA) and Greater Noida is likely [...] Continue Reading »
The real estate developers have sought tax breaks from the Government for home buyers and builders to boost up boost sales as well as speed up new launches. They are voicing their opinions on seeking both industry and infrastructure status for themselves and an enhancement in the tax break given to home buyers on the [...] Continue Reading »
