JSW Steel Jindal buys India's costliest houser

JSW Steel  Sajjan Jindal buys India's costliest house  Rs 400 cr  The owner of India's third-largest steel company by revenues, Mr. Sajjan Jindal, has acquired a 3-storey bungalow spread over an acre.  It's cost about for Rs 400 crore, in what is possibly the pric…

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New Pension Scheme may get revamped soon

Indian government boost the NPS ( New Pension Scheme ). Because of that PFRDA (Pension Fund Regulatory and Development Authority). has set up an expert panel. The committee chaired by former SEBI Chairman Mr. G.N. Bajpai. According to the expert panel recommendations, ther…

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Life Insurance Rider Policy : Commission 20 to 25%

IRDA (Insurance Regulatory and Development Authority) had capped distribution costs of ULIPs (Unit-Linked Insurance Plans) last September, 2010 as a pro-policyholder step to boost returns from ULIPs. Now entitled to 5% - 10% of the first year's premium instead of the e…

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Dos and Don'ts for submitting of ITR-Vs to ITD-CPC

1. Please use Ink Jet /Laser printer to print the ITR-V Form. 2. Avoid printing on Dot Matrix printer. 3. The ITR-V Form should be printed only in black ink. 4. Do not use any other ink option to print ITR V. 5. Ensure that print out is clear and not light print/faded copy…

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Income Tax department, Central Processing Center Helpline

To assist Indian tax payers, a limited call center service with two agents has been established at ITD-CPC, Bangalore. Taxpayer queries on status of ITR-V receipt at CPC, Bangalore will be answered on 080-43456700 between 9:30 AM to 6 PM. The service will be available in E…

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Tata Housing eyes Sri Lanka, Maldives

India's leading real Estate company Tata Housing Development Company (THDC) has announced plans to foray into international markets. It develop premium apartments and luxury villas for the world’s multimillionaires as well as mixed-use projects in Sri Lanka and the Mald…

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Unitech earmarks Rs 2,000 crore : Develope 20 lakhs sq ft shopping mall

Unitech earmarks Rs 2,000 crore to  develope 20 lakhs sq ft shopping mall Unitech Ltd  is expanding its retail development business . India’s second largest real estate company  plans to invest around Rs 2,000 crore over the next 3  years to develop nearly 2  million square …

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Phoenix Mills expansion in metros Shopping Malls

Mumbai-based Phoenix Mills is planning expansion pan India by setting up shopping malls 'Phoenix Market City' in the major cities like Mumbai, Bangalore and Chennai by March 2012. Recently, Phoenix Market City has opened in Pune. Project's total investment  Rs …

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Tamil Nadu second highest in housing shortage in India

Tamil Nadu is among the worst states when it comes to housing, a study by the Union housing ministry has found. About 11% of total housing shortage in India, is in Tamil Nadu, which is only a notch below Maharashtra when it comes to low housing stock.  Most of peoples live …

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Bank credit to Indian real estate sector rises 25% in 2010-11, RBI concerns

Bank credit to Indian real Estate sector has gone up 24.6% for the financial year ended March 2011, higher than the overall credit growth reported by banks at 22.6% .Real Estate was one of the highest sectoral exposures by banks after infrastructure. India real estate lo…

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