Union Budget 2012 -13: Indian Real Estate Market - Positives & Negatives

Union Budget : Mumbai Real Estate Market  - Positives and Negatives by Mr. Ramesh Nair The Positives ^ By allowing ECBs (External Commercial Borrowings) in the low cost housing segment, the supply of affordable housing projects will increase in the outskirts of Mumbai in areas…

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Realty Plus Excellence Awards 2012 - Winners of North India

Realty Plus Excellence Awards (RPEA) 2012 funtion held at The metropolitan hotel on 21st March, 2012. The high flying winners from the North region received awards for their outstanding contributions and efforts towards bringing about massive and positive changes in the rea…

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Online Share Trading : Now, Get Ready to Key in Two Passwords

Online (Internet) Share trading could soon get cumbersome for brokers & investors with the mandatory introduction of 2 factor authentication for online Share trading by the end of this March month (2012). In a bid to make Internet trading more secure, Indian Share marke…

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Union Budget 2012-13: Proposes change in IPO guidelines

The finance minister Mr. Pranab Mukherjee in his Budget speech announced a change in IPO (Initial Public offering) guidelines to increase participation in small towns. Pranab also announced qualified FII (Forgein Institutional Investors) into corporate bonds. A new schem…

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SBI Home Loans Shift to Lower Rates: Six Lakh Borrowers to Be Benefit

India's largest bank SBI (State Bank of India) will permit above six lakh home loan borrowers to shift to lower interest rates. According to one the SBI's officer, This is aimed at strengthening customer bondage which can lead to gains for millions with mortgages i…

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NBCC IPO : Opens on March 22 , 2012

State run NBCC (National Buildings Construction Corporation) will raise up to Rs.127 crore through an IPO (Initial Public Offer) of 1.2 crore shares, or 10% of the company’s total equity. The offer, which opens on March 22 and closes on March 27, 2012 has priced the offer…

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Union Budget 2012-13 : Steel prices to rise by up to Rs. 1,000

In the Budget for 2012-13, finance minister Mr. Pranab Mukherjee had announced hike in excise and service tax rates by 2 per cent to 12 per cent each. The increase in excise rates have become effective from Saturday midnight. The increase in excise duty rate from 10% to 1…

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Union Budget 201-13: No rebate on investment in Infra Bonds

Taxpayers may have got some relief through the increase in the basic exemption limit and widening of the 20% tax slab, but the central government has taken away a crucial tax saving option. Rs. 20,000 rebate The budget for 2012-13 has not extended the Rs. 20,000 rebate (Se…

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Union Budget 2012-13: Sctions of construction list of services exempted from the tax

The Finance Ministry has included sections of construction under the list of services exempted from the purview of tax on services. The exemption, a part of a list of 22 items in the negative list, includes construction, repair and alteration of specified public infrastruc…

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Union Budget 2012-13: Real estate Proposals and Impacts

Budget Proposal: Additional deduction (Section 80 CCF) for infrastructure bonds of Rs. 20,000 has not been extended beyond assessment year 2012-13 . Real Impact: Infra bonds will lose their attractiveness. ****##^^ Budget Proposal : Seller of immovable property (plot of land, …

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