Money
Asian Business Connection, the holding company of the Carnival Group has acquired the IT Park in Kochi from the company owned by the promoters of Leela Group for Rs 280 crore. The Mumbai-based Carnival Group seems to be very satisfied with this deal as the property is spread over 6.5 acres and brings in good rental income. Out [...] 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 »
As revealed by sources, in Mumbai‘s real estate market, cash transactions are still prevalent during transactions. The system of demanding an illegal cash payment still exists in many pockets of the city, especially Bandra, Khar and Juhu belts in the western suburbs. In the 1970s, builders used to take 80 per cent in cash and [...] Continue Reading »
The two adjacent Adrash flats have come under the scanner of the Adarsh judicial commission. The flats were financed by the Kolhapur-based builder Umesh Shinde. Vishwas Chougule, a retired teacher was allotted flat number 1904, while his former colleague Raghunath Bhosale was allotted a neighbouring flat in Adarsh. Shinde, who runs Raj Devendra Construction Ltd, [...] Continue Reading »
Beware of fake cops in your locality! The citizens having due respects for the police department are being cheated. You never know who is fake and who is a real cop. This comes as a surprising news for the citizens of India! However, it is a fact to be believed that fake cop mafia is [...] Continue Reading »
Realty sector in Bangalore and other metros is facing a crisis as unskilled labourers are leaving the construction work mid way. Labourers hailing from Bihar who had come to metros in the intention of earning big money have no longer interest in the city life. This is all because, their own state has become a [...] Continue Reading »
More than 70000 people who had a dream of settling down in the hill station of Shimla have been disappointed by the authority. Last year, Himachal Pradesh Housing and Urban Development Authority (HIMUDA) took Rs 5000 in cash from the interested buyers as an advance amount for survey for plots and flats. However, till date [...] Continue Reading »
