Markets
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 »
A book states, that the Chinese FDI coming into India, can touch the USD 30 billion by 2025. The book named “The Silk Road Discovered” states that it is very much possible that within 2025, the stock of Chinese FDI into India could be around USD 30 billion, and if clustered Chinese industries come to [...] Continue Reading »
With Finance Minister Arun Jaitley having announced in his Budget speech that the income generated by Real Estate Investment Trusts (REITs) will be taxed at the hands of investors, bigwig realty developers are mulling the option of launching REITs. The prominent real estate players that are considering the option to launch REITs – which are like mutual [...] Continue Reading »
A Kerala Minister said on Monday that the Congress-led UDF government will not extend its cooperation to the proposed private international airport project at Aranmula. The work on the controversial Rs 2,000-crore Aranmula airport project, which is being touted as the first private greenfield airport project in India, has been brought to a standstill by the [...] Continue Reading »
The company was selected as the preferred bidder to develop and run a toll road project worth Rs 3,200 crore ($528.45 million) in Maharashtra. As a result, Shares in IRB Infrastructure Developers Ltd gained as much as 3.8 percent in intraday trade. Macquarie started coverage on the stock with an “outperform” rating and a target [...] Continue Reading »
GMR Infrastructure has made an upfront 14.4 billion Philippine Pesos (about USD 320 million) payment in an agreement to develop and operate the Mactan Cebu International Airport in the Philippines. The company has won an international bid, together with Philippines based construction firm Megawide. The bid involves developing and operateing the Mactan Cebu International Airport [...] Continue Reading »
An FDI asset management firm, US-based Brahma Management concentrated on domestic real estate, mentioned that after elections it is expected that prices of commercial realty will rise by 20-25 per cent. About 2,500 crore have been invested by a company in 3 upcoming projects, stated that the foreign investors were waiting for policy clarity and [...] Continue Reading »
Kamala Market in Delhi may soon give way to a high-rise commercial complex. The North Delhi Municipal Corporation has plans to replace the 60 year old market, named after the wife of first Prime Minister Jawaharlal Nehru. NDMC Standing Committee Chairman Mohan Bhardwaj informs that by replacing market like Kamla nagar with modern commercial complexes, [...] Continue Reading »
State Bank of India (SBI) has revealed that it has cut its annual home loan growth target by up to 10 per cent age points. The biggest lender of the country has to revise their target due to sluggish growth in property market. The bank cut its home loan rates on Wednesday by up to [...] Continue Reading »
Parking chaos has right now grabbed the attention of New Delhi Municipal Council (NDMC)! Now, it is time for NDMC to prepare a budget for the year 2012-13. Therefore, they are making sure of clearing all the pending civic works like; water, power supply and parking chaos in the city. Fed up with maintaining parking [...] Continue Reading »
