According to DLD (Dubai Land Department) data, Indians have topped the list of first-time property buyers in Dubai for the year 2011, having bought properties worth Dh 210 crore. Indians top..! The Indians topped the list of new investors in Dubai properties and conducted 9…
Property Demand In India: Chennai, Bangalore, Gurgaon hot & Mumbai, Noida cold
The real estate residential property is selling like hot cakes in the cities like Chennai, Bangalore & Gurgaon. But, Mumbai is cold.
The absorption rate is the number of flats sold in a month from the available inventory in a market. It is an indicator of the demand sit…
Major Delays in Approvals : CREDAI Seeks PM's help
Indian real estate developers have urged Prime Minister (PM) Mr. Manmohan Singh to constitute a sub-group of the National Development Council to specifically address the problems faced by them. They have asked Mr. Manmohan Singh to put in place a mechanism to clear various …
Corporation Bank : Contact Details
Corporation Bank : Started about 106 years ago in 1906, with an initial capital of just Rs.5000, Corporation Bank has recorded Rs. 2,18,000 Crore mark in business & even far more, with over 5000 service outlets across the nation, served by committed and dedicated …
Over 30 Lakh Bounced Cheque Cases in India
In India, there are currently over 30 lakh bounced cheque cases in the courts, a problem the government feels can be addressed through electronic transfers. Finance ministry has advised banks to popularise the electronic funds transfer system to reduce usage of Cheques &…
Rajiv Gandhi Equity Savings Scheme : Govt may cut lock-in to one year
The central government aims at channelising household savings into share markets through this Rajiv Equity Savings Scheme
The government is likely to reduce the lock-in period under the Rajiv Gandhi Equity Scheme for new equity investors to 1 year from 3 years proposed in…
If a house bought from jewellery sale, There is no capital gains tax
By Nitin Baijal, Director, BMR Advisors Q: My mother has Rs. 1.2 crore worth of gold jewellery accumulated over years which she plans to gift me. Now I want to sell Rs. 50 lakh worth of jewellery for the down payment of my house. How will the tax arising from the jewellery s…
Central Mumbai Worli Property : HUL Leases Out for Rs. 452 cr
HUL (Hindustan Unilever) that has been struggling to find a lessee / buyer for its erstwhile headquarters building in South Mumbai has instead managed to sell the leasehold rights for one of its properties in central Mumbai's Worli area for Rs 452.5 crore.
HUL has sig…
Is Smart Homes Possibles?
We have all heard of the smart phone and, any day now, most of us will have one. Not far behind: the smart home.
Writing in the latest issue of the journal Science, Washington State University’s Diane Cook says it would not be long before our homes act as “intelligent agen…
2011- 12 : MFs' investor accounts declined by 15 lakh
The Indian mutual fund industry saw its total asset base shrink by nearly 5% or Rs. 36,000 crore in the just ended financial year 2011- 12. Reaching its lowest level in above 2 years, the average asset under management (AUM) of the entire Indian mutual fund industry dipped …
