Finance Minister
It is a good news for the people who have bigger dreams, but aren’t able to fulfil the same, because of the funds available. Reserve Bank of India has some good news for the low cost housing plans. They have extended the limit to 10 lakhs for individuals against the issuance of Infrastructure Bonds which [...] Continue Reading »
The first hundred days of any government in power might be too short a time frame to judge success or failure, but it is long enough to assess the direction of policies the government is rooting for. From this point of view, the real estate industry has reasons to be optimistic. The annual budget itself [...] Continue Reading »
The Finance Minister Arun Jaitley on Saturday assured the investors that the government was committed to taking business-friendly measures. This was done a day after the official data showed the economic growth in the first quarter of the current financial year was better than expected. He suggested these steps, such as increasing the cap on foreign investment in insurance and [...] Continue Reading »
The Finance Minister dismissed the criticism of the Government acting like ‘pro-business’. He further stated that they have more activities in the private sector but that will in turn help in creating more employment and in turn help in generating more revenues. This acts as a silver lining because it could help in removing the [...] Continue Reading »
The present government in their first budget may not have had made a big splash as that had been expected but the administration plans that move at the fast speed is ensuring that its proposals are actually being implemented over the next few weeks and that the prime minister is able to celebrate this in [...] Continue Reading »
The government is thinking about making it mandatory for the firms executing government contracts to hire at least 30 % of employees with certified skills. Though about one tenth of India’s workforce has some technical skills, only a little over 2.5 % have any formal technical education. There are about 12 million young entrants in the [...] 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 »
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 »
According to an internal note of the Department of Telecommunications (DoT), the government plans to make creation of telecom infrastructure mandatory for future real estate ventures, including high rises. DoT is likely to shortly specify the real estate project categories where it may purely be the property developer’s responsibility to arrange the basic telecom infrastructure, [...] Continue Reading »
Blackstone the premier global investment and advisory firm and its local partner Embassy Group are likely to set up India’s first real estate investment trust (REIT). They will list it in on domestic exchanges next year. Chief Executive for Commercial Real Estate Division Michael Holland of Embassy Property Developments mentioned that his team has already [...] Continue Reading »
