Wave Infratech: New 152-acre Project in Noida

The Ponty Chadha owned Wave Infratech is set to develop a 152-acre mixed use project in Noida, the land for which was bagged in an auction last year. Wave Infratech is part of the Wave Group which has interests in sugar, liquor & real estate. Mr. Manpreet Singh Chadha, J…
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Controversial Land Acquisition Bill Referred to Group of Ministers

The controversial Land Acquisition Bill was recently referred to a GoM (Group of Ministers) after some ministers raised reservations on certain provisions of the proposed legislation and said their suggestions were not heard adequately. According to a central government sour…
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DLF Ltd Ends Innings as IPL Title Sponsor

India's largest real estate company DLF Ltd has decided to end its 5 year long association with cricket tournament Indian Premier League (IPL) as the title sponsor and did not renew its contract that was due by last month (July, 2012). The DLF Ltd, however, said it would …
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SARE Homes: Sold 2,000 Flats One Year

SARE Homes: Sold 2,000 Flats One Year
Real estate developer SARE Homes (South Asian Real Estate) plans to sell more than 4,600 residential units this financial year.  Demand for Affordable Flats..! Mr. David Walker, Executive Director, SARE Homes said,  "We are focused in residential real estate business. Th…
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Reaction to Retrospective 5 per cent VAT On Flats In Maharashtra

Reaction to Retrospective 5 per cent VAT On Flats In Maharashtra
by Mr. Subhankar Mitra, JLL India There has been a prolonged flip flop in progress with regards to the VAT (Value Added Tax) issue, and the matter was sub judice for quite a while. Earlier, VAT was proposed to be at 5 per cent of the value of residential properties. But was …
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No Chargeson Demat: Facility for a Basic Services Demat Account - BSDA : SEBI Order

The SEBI ( Securities and Exchange Board of India) Board had taken decisions to extend the reach of IPOs for the benefit of retail investors. With a view to achieve wider financial inclusion, encourage  holding of demat accounts and to reduce the cost of maintaining securitie…
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No Fees on Demat - Basic Services Demat Account : SEBI Circular to Depositories ..!

Facility for a Basic Services Demat Account (BSDA) ^  The SEBI ( Securities and Exchange Board of India) Board had taken decisions to extend the reach of IPOs (Intial Public Offers) for the benefit of retail investors. With a view to achieve wider financial inclusion, encoura…
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Service Tax on Real Estate Sector A to Z : Mr. S. Satheesh Kumar, Chartered Accountant, Chennai

 Service Tax on Real Estate Sector A to Z : Mr. S. Satheesh Kumar, Chartered Accountant, Chennai
Mr. S. Satheesh Kumar, CA spoke on Flat Promoters Association - South Chennai   meeting recently. *   A Service Tax – Already come into effect, negative list of Service are only released & applicable from July 2012 *    Negative List- Means only Negative Listed people only…
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Five Lakh Flats Lying Vacant in India

Mr.P.Chidambaram, the new finance minister, had asked chiefs of government owned banks to put pressure on real estate developers / promoters / builders to lower property prices in order to get the economy moving. Lower Flats Prices..! In a meeting held recently with PSU bank …
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