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Government plans to hive off sick PSUs’ Real estate

Government plans to hive off sick PSUs’ Real estate

The government is considering a proposal to hive off real estate owned by sick public sector companies in Mumbai, Kolkata, Pune and Ahmedabad to state-owned National Buildings and Construction Corporation (NBCC), before selling off the chronically loss-making entities. Senior government officials told TOI that NBCC, which is developing real estate in the national capital, has shown interest in prime plots owned by companies such as Bengal...

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Why are Smart Cities Important ?

Why are Smart Cities Important ?

Modi’s dream project is building 100 Smart Cities across the country and the 2014 Budget has laid out a road map by providing the fund of Rs 7,060 crore? But what are these smart cities? Are they good investment options? Magicbricks asks the experts. In his Budget-day speech, the Finance Minister Arun Jaitley said that the Smart Cities will be developed as satellite towns of larger...

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India Eases REIT trust listing rules to boost Investment

India Eases REIT trust listing rules to boost Investment

India paved the way for the stock market listing of real estate investment trusts (REITs) on Thursday in a move to boost foreign investment in the property sector that h as been hit by slowing economic growth. India issued draft regulations for the listing of REITs in 2008, but was forced to shelve the plans after the global financial crisis dried up investor interest and...

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For Real Estate Industry in Budget 2014

For Real Estate Industry in Budget 2014

The Union Budget 2014-15 was presented in the parliament under economic circumstances that required tax revenues to keep pace with targets. Considering the state of government finances and the current situation – below-normal monsoons, Middle East tension leading oil price volatility, the weakness of the India rupee etc., there was not much room for populism. However, considering the high inflation and curtailed savings that they...

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What Gujarat Get in Budget 2014

What Gujarat Get in Budget 2014

કેન્દ્રમાં નરેન્દ્ર મોદીની સરકાર બની ગઈ ત્યારે નાણા પ્રધાન અરુણ જેટલી દ્વારા બીજેપી સરકારનું પ્રથમ સામાન્ય વચગાળાનું બજેટ રજૂ કરી દીધુ છે. નાણાપ્રધાન અરુણ જેટલી મોદી સરકારનું પ્રથમ સામાન્ય બજેટ રજૂ કર્યુ ત્યારે એવી શક્યતાઓ છે કે બજેટમાં ‘ઘરેલુ’ બચતને પ્રોત્સાહન આપવાનાં પગલાંરૂપે નાણા મંત્રાલય વ્યક્તિગત રોકાણ પર આવકવેરા મુક્તિમર્યાદા બમણી કરીને રૂ. બે લાખ કરવાની પણ જાહેરાત થઇ શકે છે. આ બધાની વચ્ચે સરકારે...

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અમદાવાદ-મુંબઈ વચ્ચે ભારતની પ્રથમ બુલેટ ટ્રેન

અમદાવાદ-મુંબઈ વચ્ચે ભારતની પ્રથમ બુલેટ ટ્રેન

મોદી સરકારના પ્રથમ રેલ્વે બજેટમાં રેલ્વેમંત્રી સદાનંદ ગૌડાએ મુંબઈ અને અમદાવાદ વચ્ચે પ્રથમ બુલેટ ટ્રેનની શરુ કરવાનું એલાન કર્યુ છે. જેના માટે હાલ સર્વે કરાઈ રહ્યો છે. બજેટમાં એક બુલેટ ટ્રેન પ્રોજેક્ટ માટે રેલ્વેમંત્રીએ 60,000 કરોડ ફાળવવાની વાત કરી છે. આ ઉપરાંત રેલ્વેમંત્રીએ ટ્રેનોની સ્પીડ 300 કિલોમીટર પ્રતિ કલાક કરવાની વાત પણ કરી છે.ઉલ્લેખનીય છે કે તેના માટે 9 રૂટો પર કામ કરવામાં આવી રહ્યું...

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Real Estate Industry’s Top 10 expectations from Budget 2014

Real Estate Industry’s Top 10 expectations from Budget 2014

The real estate sector has been a major driver of India’s economic growth as it contributes 6.3 percent to the nation’s GDP (2012-13) and is a major source of revenue for central, state and local governments. Since the opening up of the Indian economy to foreign investors in 2005, the sector has attracted more than US$22 billion through foreign direct investment and is expected to...

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Why Project clearances take time…

Why Project clearances take time…

A real estate project requires clearances from around 40 government agencies during the planning, design, construction and occupancy phases. Though this should not be an excuse for builders to delay construction, it does hamper their plans. The clearances vary across states. Here are the host of clearances that a builder must obtain in Maharashtra & GujaratSubmission of project proposalThe developer has to submit a location...

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