CREDAI urges single window clearance
The Confederation of Real Estate Developers’ Association of India (CREDAI) Friday urged the central government to introduce single window clearance and a uniform tax structure for the sector across the country.
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Realtors protest new bill
Real estate developers have expressed their reservations to the proposed Real Estate Bill 2011, which is likely to see light by this year-end.
Simplex denies CBI raids
Simplex Infrastructure has denied to the news reports regarding CBI raid at Simplex Infrastructures Ltd offices in Kolkata. A statement issued on behalf of the company says that this news is incorrect and baseless as there is no such occurrence at Simplex Infrastructures office and we have no association with CWG projects.
Kumari Selja blames banks for discouraging affordable housing
Kumari Selja, Union Minister of Housing and Urban Poverty Alleviation & Minister of Tourism, has categorically blamed the banks for not facilitating the affordable housing. Inaugurating the 10th National Convention of National Real Estate Development Council (NAREDCO) at New Delhi the minister said the housing finance sector has witnessed a boom in the recent past due to favorable government policies.
JLLM forecasts realty revival in 2011
After one and a half years of gradual consolidation, real estate in India has fathomed its own comfortable ground, and is poised at the right threshold to take a giant leap in years to come, according to the forecast of the Jones Lang LaSalle, the global real estate services firm.
Taxing SEZs: Impact of direct taxes code bill
India has 105 operational (21,214 hectares) and another 631 Special Economic Zones (SEZs) under various stages of approval (see DTZ report on ‘SEZs in India’ June 2010). These zones are the only tax havens in India after the likely expiry of STPI/EOU scheme in March 2011 and have seen healthy interest from occupiers as well as developers. The new Direct Taxes Code (DTC 2010) bill, proposes to alter the tax framework of SEZs.
India retail – opportunities in a revolution
Indian retail today stands at an inflexion point where the sector is poised to take a giant leap. Jones Lang LaSalle’s latest research offering ‘India Retail – Opportunities in a Revolution’ explores the potential in the Indian retail real estate in the coming years.