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Sobha Developers to raise Rs 1,400 cr by selling land parcels

Sobha Developers Ltd is working hard to raise about Rs 1,200-1,400 crore by selling part of its land parcels in a bid to reduce its outstanding debt. The developer has a time line of around two years to raise funds and is looking at outright sale or by Read More...
Posted Sunday, August 02, 2009 4:16 PM by Farooq M | 0 Comments

Rs. 629-crore farm plan for Bangalore Urban district

Even as land available for agriculture is rapidly shrinking with the unprecedented boom in real estate business, the Bangalore Urban Zilla Panchayat has drawn up a whopping Rs. 629 crore agricultural draft plan to seek funds from the Rastriya Krishi Vikas Read More...
Posted Saturday, November 24, 2007 7:50 PM by Ehsan W | 0 Comments

Bangalore is home to most crowded Rupee-millionaire club

NEW DELHI: Rupee-millionaire club in Bangalore is the most crowded in India. The IT capital of India has the largest number of households with income of Rs 10-lakh (per year) and above. With 3.3% of the total 31,17,843 households in the country earning Read More...
Posted Thursday, August 02, 2007 7:37 PM by Farooq M | 0 Comments

More Sops For Home Loans Likely As Demand Shrinks

There may be some good news for all prospective home loan takers despite the recent increase in interest rates. The finance ministry is considering raising the tax concession ceiling for home loan borrowers. At present, interest up to Rs 1.5 lakh is tax Read More...
Posted Monday, March 12, 2007 1:29 PM by Farooq M | 0 Comments

Tax on New Services may rake in Tidy Sum For Government

The extension of service tax to cover rentals on commercial properties, as proposed in Budget 2007-08, is expected to rake in a tidy sum for the Government. In all, the Finance Ministry expects the new services to yield revenues of about Rs. 2,000 crores Read More...
Posted Saturday, March 10, 2007 6:57 PM by Farooq M | 0 Comments

Government Hints Ban on Cement Exports

The government upped the ante against cement companies by threatening to ban exports to help dampen the post-Budget price rise. Commerce and Industry Minister Kamal Nath said, “If cement makers could not absorb the additional duties on dearer cement Read More...
Posted Saturday, March 10, 2007 6:52 PM by Farooq M | 0 Comments

Budget and it effects on real estate

February 28, 2007 16:09 IST According to the Union Budget 2007-08, tax concession under 80 IB for construction under 1000 square feet in Delhi and Mumbai and under 1500 square feet built up in Bangalore will come to an end. In accordance to this news, Read More...
Posted Thursday, March 01, 2007 8:03 PM by Farooq M | 0 Comments

Credit Suisse To Invest $1bn In Indian Realty

Zurich-headquartered Credit Suisse, a 150 year old company providing a gamut of financial services, is looking at investing in the Indian realty sector. US-based financial services giants Goldman Sachs and Morgan Stanley have managed a strong foothold Read More...
Posted Wednesday, February 07, 2007 6:06 PM by Farooq M | 0 Comments
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Indian real estate boom of 2006 to further roll in 2007

The real estate boom of 2006 is set to multiply itself in 2007 to get India a foreign capital of over Rs. 8000 crore with leading international investors establishing their presence in its richly rewarding real estate development, providing new employment Read More...
Posted Saturday, January 13, 2007 5:16 PM by Farooq M | 0 Comments
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