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  • SC admits realtors’ petition against Maha’s VAT move

    The Financial Express, Shubhra Tandon, Mumbai

    August 28, 2012

    The Supreme Court has admitted a special leave petition filed by the Maharashtra Chamber of Housing Industry and Confederation of Real Estate Developers' Associations of India (MCHI-CREDAI) and CREDAI-Pune against the state sales tax department's move to levy 5% value added tax (VAT) on properties purchased since 2006.

  • Home finance cos allowed to tap ECBs for low-cost units

    The Financial Express, New Delhi

    August 23, 2012

    The government on Wednesday further eased overseas borrowing rules for corporates and investment rules for foreign institutional investors (FIIs). FIIs can now buy up to $5 billion in corporate bonds. This has been carved out from the current overall $45-billion limit prescribed for corporate bonds, a finance ministry official said.

  • Govt eyes $1 trillion investment in Infra

    The Financial Express, New Delhi

    August 23, 2012

    Greater public and private participation is required in sectors such as railways, ports and power as India looks at investing USD 1 trillion in infrastructure over the next five years, Minister of State for Urban Development Saugata Ray said today.

  • Demand for logistics spaces increase in H1 2012

    The Economic Times, Amit Shanbaug

    August 21, 2012

    According to the findings of CBRE's latest report titled "India Logistics Market View", India witnessed an increased market activity in H1 2012. Demand for logistic and warehousing spaces was not only limited to leading cities such as NCR (National Capital Region), Mumbai and Bangalore, but was also spread across the leading tier II cities.

  • Gurgaon registering the fastest growth in realty in the country

    The Economic Times, Prabhakar Sinha

    August 16, 2012

    Gurgaon is registering the fastest growth in the real estate sector in the country. Developers are flocking to the region to launch new projects after prices here shot up by as much as 25% in the last one year.

  • DLF sells Mumbai land for Rs 2,700 crore

    The Financial Express, New Delhi

    August 13, 2012

    In a big-ticket land deal, realty major DLF has sold 17 acres of prime land in Mumbai to Lodha Developers for about Rs 2,700 crore, nearly four times higher than the price at which the company had bought this parcel seven years ago in 2005.

  • Land acquisition bill conditions eased, made more industry-friendly

    The Economic Times, Urmi Goswami, New Delhi

    August 09, 2012

    The government has made key changes to the proposed legislation for land acquisition, making it more attractive for industry by easing some of the stringent conditions, a person privy to the draft told ET.