In a move which will benefit crores of employees, the government has raised interest rate on contributions to GPF (General Provident Fund ) and other similar funds to 8.8% for 2012-13. The interest rate on such funds was 8.6% during the December 2011 to March 2012 period, …
Vivendi Ventures: New Project Villagio near Oragadam, Chennai
Tamilnadu capital Chennai based real estate company Vivendi Ventures has launched Villagio, with the theme of creating a ‘21st Century Village’ that will offer the old world charm of a rural village combined with modern facilities at Vattambakkam village near Oragadam, Ne…
Indian Real Estate Funds : SEBI New Norms
Indian stock market regulator SEBI's ( Securities and Exchange Board of India's) norms for AIF (alternative investment funds ) are likely to make life difficult for real estate fund managers, forcing them to adopt new ways to attract investors. Recently, SEBI notifi…
Ambuja Realty : Introduces Unique Lease Back Scheme
Kolkata based realty player Ambuja Realty in is coming up with 2 unique properties with a novel lease back scheme for both the properties at Raichak on the Ganges, 35 km off Kolkata.
The 2 new properties will also mark Ambuja Realty’s maiden entry into time sharing busi…
Housing Loan Enquiries Doubled : Arun Thukral, MD, CIBIL
Low ticket housing loans have decreased by half to 22% of all loans during the past 5 years because of steep increase in property prices. Mr. Arun Thukral, MD, Credit Information Bureau of India Ltd (CIBIL) said, ''In the metros the loan ticket size of less than Rs. …
If New House Sold In 3 Years, Tax Exemption Will Be Revoked
Ms. Parizad Sirwalla, Partner - Tax, KPMG The income tax implications on sale of house properties & agricultural land have to been seen separately. House properties: We are assuming that the house properties have been inherited by you & your brothers jointly in an …
Abolishing Trade in Education: National Conference at Chennai
All India Forum for Right to Education (Hyderabad) & State Platform for Common School System (Chennai) jointly organize 2 Day All India Conference on 'Abolishing Trade in Education and Building Common School System' on June 30, 2012 & July 01, 2012 in Chenna…
Greek : How Bailout Package Works..!
It is a slow day in a little Greek Village. The rain is beating down and the streets are deserted. Times are tough, everybody is in debt & everybody lives on credit/debt. On this particular day a rich German woman tourist is driving through the village, stops at the l…
Property Expo Chennai: May 26, 27, 2012
One mega real estate exhibition held in Chennai at May 26, 27, 2012. It organised by Tamil Nadu Land and Property Promoters Association (Tnlppassociation -தமிழ்நாடு நில வீட்டுமனை விற்பனையாளர் நல சங்கம் ) mega real estate exhibition in Chennai. Date. May 26, 27, 2012 ( Sat…
Prompt Property Festival: May 25 to 27, 2012 on Chennai
Chennai based Prompt Trade Fairs (I)
Ltd provides unique opportunity to meet
the leading Builders & Flat Promoters to develop partnerships and obtain
the latest trends in the property market. It will be held at Chennai Trade Centre,
Chennai being organized by Prompt P…
