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Mauritius

FDI in 2013 decreases by 3% to $22b

FDI in 2013 decreases by 3% to $22b
As per the data by Department of Industrial Policy and Promotion (DIPP) in 2012, India collected $22.78 billion of FDI. Services, pharmaceuticals, automobiles, construction development, telecommunications, computer software and hardware, chemicals and power were the sectors that attracted foreign investment in 2013. The countries which invested in India consist of Mauritius, Singapore, UK, Netherlands, Japan, [...] Continue Reading »

Government’s decision to blacklist Cyprus for not providing tax data will hit developers and realty funds 

Government’s decision to blacklist Cyprus for not providing tax data will hit developers and realty funds 
Government of India’s decision to blacklist Cyprus for not providing tax data is set to hit developers and realty funds. Investors who have taken funds through Cyprus are likely to face a big decline in returns as developers will now be expected to withhold higher tax amounts. The investments have now jumped to 30% which [...] Continue Reading »

Realty projects on hold!

Realty projects on hold!
The slump in realty market has shown variations in the investment point of view. Many of the developers and builders have paused their constructions with the beginning of this year. Also, the Indian realty companies which are establishing themselves globally are reviewing their projects as the realty market proved a major slump internationally too! On [...] Continue Reading »

Pune SEZ sold for Rs 810 crore

Pune SEZ sold for Rs 810 crore
An IT SEZ was sold for Rs 810 crore in Pune. The SEZ, jointly hold by DLF Ltd and Hubtown Ltd has been sold to Blackstone, a private equity fund company. Both the real estate developers had stakes in the company with DLF having 67% in it. The SEZ was situated in the Hinjewadi area [...] Continue Reading »



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