The Ponty
Chadha owned Wave Infratech is set to develop a 152-acre mixed use project in
Noida, the land for which was bagged in an auction last year. Wave
Infratech is part of the Wave Group which has interests in sugar, liquor &
real estate. Mr. Manpreet
Singh Chadha, J…
Controversial Land Acquisition Bill Referred to Group of Ministers
The
controversial Land Acquisition Bill was recently referred to a GoM (Group of
Ministers) after some ministers raised reservations on certain provisions of
the proposed legislation and said their suggestions were not heard adequately. According
to a central government sour…
DLF Ltd Ends Innings as IPL Title Sponsor
India's
largest real estate company DLF Ltd has decided to end its 5 year long
association with cricket tournament Indian Premier League (IPL) as the title
sponsor and did not renew its contract that was due by last month (July, 2012). The
DLF Ltd, however, said it would …
SARE Homes: Sold 2,000 Flats One Year
Real estate developer SARE Homes (South Asian
Real Estate) plans to sell more than 4,600 residential units this financial
year. Demand for Affordable Flats..! Mr. David Walker, Executive
Director, SARE Homes said, "We are
focused in residential real estate business. Th…
Reaction to Retrospective 5 per cent VAT On Flats In Maharashtra
by
Mr. Subhankar Mitra, JLL India There
has been a prolonged flip flop in progress with regards to the VAT (Value Added
Tax) issue, and the matter was sub judice for quite a while. Earlier,
VAT was proposed to be at 5 per cent of the value of residential properties.
But was …
No Chargeson Demat: Facility for a Basic Services Demat Account - BSDA : SEBI Order
The SEBI ( Securities and Exchange Board of India) Board had taken decisions to extend the reach of IPOs for the benefit of retail investors. With a view to achieve wider financial inclusion, encourage holding of demat accounts and to reduce the cost of maintaining securitie…
No Fees on Demat - Basic Services Demat Account : SEBI Circular to Depositories ..!
Facility for a Basic Services Demat Account (BSDA) ^ The SEBI ( Securities and Exchange Board of India) Board had taken decisions to extend the reach of IPOs (Intial Public Offers) for the benefit of retail investors. With a view to achieve wider financial inclusion, encoura…
Service Tax on Real Estate Sector A to Z : Mr. S. Satheesh Kumar, Chartered Accountant, Chennai
Mr. S.
Satheesh Kumar, CA spoke on Flat Promoters Association - South
Chennai meeting recently. * A Service Tax – Already come
into effect, negative list of Service are only released & applicable from
July 2012 * Negative List- Means only
Negative Listed people only…
Five Lakh Flats Lying Vacant in India
Mr.P.Chidambaram, the new finance minister, had asked chiefs of
government owned banks to put pressure on real estate developers / promoters /
builders to lower property prices in order to get the economy moving. Lower Flats Prices..! In a meeting held recently with PSU bank …
