Indian firm bags township project in Rwanda
Indian realty firm Synergy Property Development Services Ltd bagged, through international bidding, a $153-million township development project in the central African country of Rwanda.
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Government White Paper says realty vulnerable to black money, suggests for TDS on sale-purchase of properties
A White Paper on black money tabled in Parliament on Monday, May 21, has named real estate among others as most vulnerable to menace of black money. Given that land is part of the top black money generators, the white paper suggested that states could consider taxing farm income to curb black money.
Realty proposes, government disposes; well not always
When the Finance minister Pranab Mukherjee proposed home buyers to withhold 1% of the sale consideration as Tax Deducted at Source (TDS), it became a free-for-all kind of football match with developers and property consultants alleging that it could encourage black money component in real estate, while tax consultants believed otherwise and pointed out that the reach of the banking sector in rural area makes it easier to detect unsavoury deals.
Global funding mechanism may not work in Indian real estate
Atul Modak: Why did bankers’ lobby not block the mutual funds then?
Pranay Vakil: Because the mutual funds lobby is larger than the bankers’ lobby. They could not do anything about it. The companies into mutual funds are so large, they might just foray into banking.
Indian real estate’s expectations from Union Budget 2012-13
The implementation of the revised DTC will have strong implications on SEZs. The industry requires clarity on the issues that may emerge, and how businesses would be promoted in Special Economic Zones.
Anglo-Indian’s perspective on the Indian real estate market
Where does ‘Team Anglo Indian’ consider opportunities for Indian real estate right now?
Barclays find skyscraper boom matching China as a sign of bubble in Indian realty
India which is building the world’s second-tallest skyscraper, is catching up with China in an office building boom that may indicate that an economic slowdown is imminent, according to Barclays Capital Research.
Perspective on the Indian real estate market
Amidst the turbulence of many of the world’s largest economies, particularly in western markets such as the US and European economies, the broader macro economic outlook in Asia is encouraging.
Does the flap of a butterfly’s wings in Europe set off a tornado in Indian real estate?
In 1962, Edward Lorenz, the renowned mathematician from Massachusetts Institute of Technology, published a paper on Deterministic Non-periodic Flow in the Journal of Atmospheric Sciences.
Kerala Government to start training academy for construction workers
The Kerala Government is planning to start a ‘Kerala Construction Academy’ which will impart short-term training to unskilled workers in the construction industry.