India
The department of Economic Development (DED) says that India and the UAE are working to give final shape to a Bilateral Investment Promotion and Protection Agreement (Bippa) to increase investments between the two countries. As per the report, the agreements’ motive is to collect investments in India from the UAE across different sectors like construction, [...] Continue Reading »
The changes are made by the Corporate Affairs Ministry to avoid confusion among share holders and bring consistency to its recent guidance. There will not be two classes of companies for reduction purpose as it was mentioned in the new company law schedule for depreciation. The ministry also restored revenue-based amortisation for toll-roads developed under [...] Continue Reading »
A unique and exclusive housing finance Branch has been opened in Ernakulam by the State Bank of Travancore (SBT). As per the statement of spokesman no other public sector bank in India operates such a branch anywhere in the country. For all housing, interior modification/beautification plans and other top-up loans for housing, it will be [...] Continue Reading »
Intercontinental Hotels Group (IHG), a UK-based leading hospitality chain, after five decades in India and 19 hotels, is planning to open 45 more properties in the next three to four years. Next to China, within Asia, this is the second highest pipeline. In the Indian market the company has put in $390 million and is [...] Continue Reading »
DDA’s master plan 2021 will help in checking the increasing price of housing units in Delhi and NCR. The industry insider noticed that these would be at least 15 to 20 percent cheaper as compared to the estimated cost of the real estate in the next 3 to 4 years. Mr. Anshuman Magazine, CMD, CBRE, [...] Continue Reading »
Godrej Properties Ltd announced that Global Indian International School has been inaugurated at Godrej Garden City, Ahmedabad. The Singapore based Global Schools Foundation (GSF) owns and operates the Global Indian International School (GIIS) chain. GIIS is located at the Godrej Garden City and has great infrastructure and offers best facility to its student. Godrej is encouraging [...] Continue Reading »
The Managing Director of HBS Realtors has been appointed as Hon. Consul by République de Côte d’Ivoire (Ivory Coast), a country in West Africa. Mr. Sandeep Shah is the MD of Mumbai based HBS developer which is the leading real estate firm which is combination of residential, commercial and infrastructure development with solid regeneration expertise. [...] Continue Reading »
The Indian real estate market witnessed a drop in the investment in 2013. As per the report titled Investment Market beat 2013 by property advisory Cushman and Wakefield, investment in Indian real estate market decreased by 65 percent in 2013. The report also concluded the investment in the hotel industry have decreased the most by [...] Continue Reading »
The Real estate developers of Kerala, Chennai, Coimbatore, Bangalore, Delhi, Mumbai, Pune, Ahmadabad, Bhubhaneshwar, Trichy and Hyderabad have been invited to display their residential projects in the 8th Annual India Property Show which in US. The fest is going to display a vast range of both the residential and commercial projects during the period of [...] Continue Reading »
The real estate companies are transferring funds from housing and other projects towards election campaign contributions. As compared to other sectors the developers are depending on connection with the government to acquire land or win contracts. If the developers support the campaign of the winning party the return is huge for the developers. Mr. Santhosh [...] Continue Reading »
