IT notice to MMRDA, CIDCO
The Income Tax department has sent notices to real estate companies, MMRDA, CIDCO stating that all land lease sales or transfers attract a 10% tax, sources said.
Search Results: real estate industry (1236)
CII urges capital flow in housing
The Confederation of Indian Industry (CII) has said there is a need to improve the infrastructure and increase in flow of capital in the housing segment, given the increase in the land prices.
Kotak property arm to rise up to $500 mn for India buys
Kotak Realty Fund, the property investment arm of India’s Kotak Mahindra Bank, plans to raise as much as USD 500 million by the second quarter of this year, in a bet on the long term case for property in Asia’s third-largest economy, a top official said.
Affordable housing demand will surge, says RNCOS study
With government support and increase in number of real estate developers, affordable housing demand will surge at a CAGR of around 13% during 2011-2013, says a research report by RNCOS a thinktank group on industry intelligence and creative solutions for contemporary business segments.
India property show 2011 begins in Oman
Anil Wadhwa, Indian Ambassador to the Sultanate of Oman inaugurated the two-day India Property Show (IPRO 2011) today at Al Falaj Hotel.
Chintels launches 300 acres township in New Gurgaon
Chintels India Ltd. has announced the launch of First phase of its 300 acres township project in New Gurgaon. Chintels Paradiso – a group housing project that will consist of more than 500 apartments is the first phase of a large development project.
MIDC can capitalize on its land along Thane-Belapur highway
Even as we continue to discuss the acute shortage of industrial land in Mumbai, the fact remains that there are rather significant land parcels held by the MIDC along Mumbai’s Thane-Belapur Highway.
Focus on Aam Aadmi who doesn’t live in cities
The Finance Minister seems to be getting more appreciation than brickbats for renewing focus on the housing needs of Aam Aadmi. Even the real estate sector is divided and while the long awaited demands have not been fulfilled, a section of the realtors with affordable housing projects have appreciated the efforts.
Budget focused on common man: Sunil Mantri, President MCHI
Maharashtra Chambers of Housing Industry (MCHI), most prominent body of the real estate developers today described the Union Budget presented by the Finance Minister Pranab Mukherjee as “Budget with few positive steps focused on the common man who is interested in buying a house in rural and urban areas”.
Deduction in affordable housing welcome: Lalit Kumar Jain, CMD, Kumar Urban Development Ltd and Vice president CREDAI
The unfulfilled demand of more than 24 million houses in the country needs large scale impetus to achieve desired results. Allowing deduction for investment into affordable housing is a welcome step and will surely boost morale of housing industry and will accelerate investments in affordable housing.