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RBI Tighten Ropes On Real Estate |
Tuesday, October 12, 2010
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| In a recent development the Reserve Bank of India along with the Department of Industrial Policy and Promotion are working to streamline and regulate the access and use of Real Estate Firms regarding the External Commercial Borrowings (ECBs). This will be done through a monitoring mechanism which will ensure stricter norms from now on.
RBI took this step in lieu of Real Estate Companies planning to raise ECBs worth Rs.4000 cr in the future and using this money for activities that cannot be funded through ECBs which will eventually adversely affect our economy.
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Realty Prices To Further Shoot Up |
Monday, October 04, 2010
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| It is very likely that the Real Estate prices in the country will shoot up further with the Finance Ministry’s decision of not withdrawing 2.5% service tax. This move was proposed by the Urban Development Ministry in the budget of FY10-11.
The budget had earlier proposed this tax on all under-construction projects. And it is common knowledge that eventually the customers will have to bear the burden and not the developers.
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Times Property Hosts Home Affairs |
Wednesday, October 13, 2010
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| The Times of India brings a reason to rejoice for people looking to buy Real Estate properties as the prices in the realty industry are beginning to rise.
Photo by nancyarora2020
Times property, an initiative by the Times of India has brought the fourth edition of its yearly mega property bonanza at Bangalore.
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Embassy Firm Plan To Raise Funds |
Wednesday, October 13, 2010
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Photo by raman..exploring myself..
A Real Estate firm Embassy Developers is expected to generate over 513 million US Dollars as said by their Prospectus which was filed today. This will be done through an initial public offering of shares.
The draft is available on the Edelweiss website. The lead running managers for the issue are Nomura, UBS, Local Investment Bank and Citi.
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Shapoorji Pallonji Group Focus Infrastructure |
Thursday, October 21, 2010
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| he multi million Shapoorji Pallonji Group, India’s one of the oldest and biggest industrial house, is putting major focus on “owned” infrastructure as far as the roads, ports and power are concerned. This has been done as the company approaches 150th year of operations.
Mr. Shapoor Mistry, Group MD said during a function in Mumbai, “We have done a lot of projects under our company Afcons as contractors; now we will give a greater push for ownership-based infrastructure projects. We have already done some work in these areas, but owing projects would be our key focus.”
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