Cluster VII Uttarakhand 4-0 Himachal Pradesh (1-0 Veer Singh Negi (16′), 2-0 Manish Khatri (41′), 3-0 Lakhwinder Singh (57′), 4-0 Nikunj Aswal (66′) In an inconsequential match, Uttarakhand defeated Himachal Pradesh 4-0 to sign off …
In a relief to the realty sector and home buyers, finance minister Pranab Mukherjee on Thursday announced tax concessions to the construction sector, which was brought under the ambit of service tax in this year’s budget. With the announcement, service tax would be levied on 25 per cent of the gross sale value of property compared to 33 per cent proposed in the budget in February this year
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Now, 10 per cent service tax on 25 per cent of the value of the built property, including the cost of land!
Now, HDFC loan rates are charged at 8.25% for this fiscal year to March 2011, and at 9% for 2012. While the fixed rate will remain the same irrespective of the loan size, the floating rate will vary with the loan amount at the end of the two-year period. The floating rate has two slabs — loans up to Rs 30 lakh where the rate will be 9% (PLR minus 4.75%) — and above Rs 30 lakh where the rate will be 9.25% (PLR minus 4.5%)
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HDFC teaser rates ideal for pre-payment planners – within the first 5-7 years!
… Meghalaya (17 cases), Uttarakhand (16 cases), Arunachal Pradesh (15 cases), Tripura (9 cases), Goa (5 cases), Himachal Pradesh, Jammu & Kashmir and Chandigarh (4 cases each), Pondicherry (3 cases) and Mizoram, Sikkim, Dadra & Nagar Haveli , and Andaman & Nicober islands (1 each),” the report said. …
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Crying out to humanity! India's flagrant human rights violations
… Bihar, Chandigarh, Chattisgarh, Delhi, Gujarat, Haryana, Jammu & Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Orissa, Punjab, Pondicherry , Tamil Nadu, Uttar Pradesh, Uttarakhand, Rajasthan and West Bengal. …
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AB News India » VETA'S “ENGLISH HOLIDAY” PROMISES FUN AND LEARNING …
The Budget has also clarified that renting of immovable property is a taxable service. It would be applied retrospectively from June 1, 2007
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Union Budget 2010-11: Now, renting of immovable property is a taxable service
Rural Development 80. Indira Awas Yojana is a popular rural housing scheme for weaker sections. Taking note of the increase in the cost of construction, I propose to raise the unit cost under this scheme to Rs.45,000 in the plain areas and to Rs.48,500 in the hilly areas
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Union Budget 2010-11: Finance Minister on real estate, and housing
Finance minister Pranab Mukherjee on Friday said the uniform Direct Tax Code (DTC) will come into effect from April 1 next year. “We have already begun wide discussions before implementing the uniform Direct Tax Code by April 1, 2011
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Union Budget 2010-11: Direct Tax Code (DTC) to come from April 1, 2011
And surprisingly, real estate investment doesn’t seem to carry any of negative attributes associated other assets such as equities (risky and unfaithful) and banks and post-office deposits (poor real returns).
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The real woes of investing in realty
… 19 in Uttar Pradesh, 13 in Uttarakhand, 11 in Chhattisgarh, eight each in Chandigarh and Himachal Pradesh, seven in Tamil Nadu, six in Puducherry, five in Goa, four in Jammu & Kashmir, three in Orissa, two in Assam and one each in Mizoram and Dadra & Nagar Haveli . ..
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India's H1N1 toll mounts to 1357 | TheMedGuru
The nagging inflation could negate the returns offered on your investments Getting out of an expansionary monetary policy is incredibly more difficult than getting in. It is like the Chakravyuh in the Mahabharata—you know how to get in, but not many people know how to get out,” said Reserve Bank Governor Duvvuri Subbarao on January 29. Subbarao, however, seems equipped and set to do the task.
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Balancing act
… 18 in Uttar Pradesh, 13 in Uttarakhand, 8 each in Chandigarh and Himachal Pradesh, 7 in Tamil Nadu, 6 each in Chhattisgarh and Puducherry, 5 in Goa, 4 in Jammu & Kashmir, 3 in Orissa, 2 in Assam and 1 each in Mizoram and Dadra and Nagar Haveli . ..
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India's swine flu deaths touch 1229 | TheMedGuru
Commercial banks are unlikely to raise their prime lending rates — offered to the best customers — or deposits rates at least till the end of March but large companies borrowing short-term money at sub-PLR rates may have to cough up more. This was indicated by CEOs of several commercial banks soon after RBI announced a 75-basis point hike in the cash reserve ratio, or the proportion of deposits that banks have to park with RBI. However, car loan rates are unlikely to rise due to increased competition among banks in this segment
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Your home, car loan rates won’t rise till March
The unstructured real estate industry, high home loan rates, forged land titles, the possibility of corruption, high taxes…nothing matters….! Indian real estate has witnessed a phenomenal development in the last couple of years due to its flexible nature and its value appreciation over time. The limits of people’s aspirations, concept of good living, contemporary working style and recreation, their risk appetite, and money they can commit for high quality construction and smartly done up space has led to the revolution in the real estate industry in the country
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Nothing matters as the real estate market in India is getting hotter
Fitch Ratings has today said in a just published Special Report that its 2010 Outlook for the Indian real estate sector remains Negative; however, the sector could exhibit signs of stability by the second half of the year.
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Fitch: Real estate sector stabilising but risk remain
The finance ministry has reportedly turned down a proposal by the Department of Policy and Promotion (DIPP) that had suggested doing away with the mandatory three-year lock-in period for FDI in the real estate sector. The ministry’s point of view is that a lock-in acts as a deterrent, checking speculation and protecting the sector from the sudden flight of capital
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Assets versus bubbles in real estate
3 times more than 2008-09: The Rs 70,000-crore Indian real estate sector is expected to see fresh investments to the tune of $1.5 billion in residential deals by exclusive real estate funds in the financial year 2010-11, three times more than the total quantum that such funds invested in FY 2008-09. These funds include Sun Apollo, HDFC India Real Estate Fund, RedFort Capital, ICICI Prudential Infrastructure Fund and Xander Real Estate Partners
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Indian real estate to see fresh investments to the tune of $1.5 billion in the financial year 2010-11
Kotak Realty Fund, an $800 million (Rs3,672 crore) real estate private equity (PE) fund from Kotak Mahindra Group, will invest Rs270 crore to acquire stakes in a Mumbai-based realty firm and a slum rehabilitation project and a Bangalore-based developer, chief executive S. Sriniwasan said
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Kotak Realty Fund to invest Rs270 crore in several projects
The prices of a majority of the realty projects in the affordable segment, which is the sub Rs 30 lakh category, witnessed a steady or an upward movement during the last six months. According to a joint analysis by SundayET and PropEquity, a real estate data analytics and research firm, out of 822 projects across 13 major cities around 41% or 333 projects witnessed a price hike during the last six months.
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Budget homes turn costlier
Looking at investing mainly in the residential segment, and residential-led mixed used developments JM Financial Ltd’s real-estate investment unit, Infinite India Investment Management Pvt Ltd, is planning to invest an additional $60 million to $80 million in a few projects over the next 9 to 12 months. Infinite India is also identifying such projects, where work can be started immediately and which are located in city-centric locations. “We are mostly looking at investing in projects where the land acquisition has been completed, and the project is just about to start,” said RK Narayan, director, Infinite India, adding that the company is also planning to invest in large projects where it has the opportunity to invest in the subsequent phases of the project
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Infinite India to invest $60 million-$80 million in realty projects