Indian realty firm Ashiana Housing has reported 11% up in its net profit at Rs 13.04 crore for the quarter ended June as against Rs 11.71 crore in the year-ago period. The revenue, however, declined marginally to Rs 42.51 crore during April-June period of this fiscal agains…
Oberoi Realty Q1 net up 60% to Rs 137 crore
Real estate developer Oberoi Realty has reported a 60% jump in its net profit to Rs 137.36 crore for the first quarter of FY 2010-12 as against Rs 85.82 crore in the same period last year. The company posted a 29.72 per cent increase in total revenues at Rs 215.07 in the qu…
DLF's net debt up to Rs 21,500 crore
India's leadig Real estate company DLF's net debt had increased by Rs 100 crore during the Apri l-June quarter this 2011-12 fiscal to Rs 21,524 crore. Same time it expects that borrowing would start moderating from this quarter onward. DLF, which reported a 13% …
Property : Income Tax on Capital Gains
What is Income Tax on Capital Gains? Profit arising from sale of capital assets is Capital Gains. Major Capital Asset is Property. It means home/ flat/ office/ plot/ Agricultural Land. CAPITAL GAINS Types of Capital Gains – There are two types of Capital Gains 1. Long Term C…
RBI Customer service committee favours uniform floating interest rates
Indian Banking regulator, Reserve Bank of India (RBI) formed a Customer service committee headed by former Sebi chairman M Damodaran .
Retail bank fixed depositors need not worry their money under the mattress during crisis, such as the one in 2008, as deposit insurance, la…
Land deal for Ambani's 27-storey tower may come under CBI lens
The Maharashtra Government is considering the Centre's suggestion to refer to the CBI (Central Bureau of Investigation) the sale of Wakf Board land to Mukesh Ambani for building ultra luxury residential tower ‘Antilla'. The 27-storey Antilla, in affluent South Mumba…
DLF plans to sell Gurgaon plot for Rs 400
India's biggest real estate firm DLF is selling a 27.5 -acre plot of land in Gurgaon for nearly around Rs 400 crore. The plot has all approvals and permissions for building a group housing project in place, including an approval for a built-up space of 20 lakh sq ft.
Re…
Indian road Ministry plans investment of Rs 2.64 lakh crore on highways
Indian government is looking at an investment of over 2.64 lakh crore in the road sector in the next five years. For this over 65% will come from the private sector.
Mr.C P Joshi, Road Transport and Highways minister , said, “The pace of infrastructure development needs acce…
Developer to refund Rs 12 lakh to customer
TANEJA GROUP's a flagship company, Taneja Developers and Infrastructures (TDI) Ltd guilty of unfair trade practice, UT district consumer disputes redressal forum has directed the developer to refund Rs 12 lakh to a complainant.
Chanchal Narang, resident of Sector 4, Pa…
Unauthorised construction on government land - Buyers very Beware
Unauthorised construction: 255 flats on Tamilnadu government land - Buyers very Beware
The Tamilnadu capital Chennai Virugambakkam (on Reddy Street) a big residential complex of nearly 255 apartments. It has been deemed an “unauthorised construction” by the Madras high c…
