Authorities of Noida, Greater Noida and Yamuna Expressway will soon firm up a proposal on this and send it to the Uttar Pradesh government for approval.
According to data from property research firm Liases Foras, a third of more than 25 lakh apartments launched between 2008 and 2014 were delayed by at least a year.
If the developer has already collected service tax, buyers would be refunded the amount with 6% rate of interest by the revenue department.
The money has been raised by M3M through a structured debt transaction by discounting the cash flows of M3M's high-end Golf Estate project.
Exemption from Dividend Distribution Tax will improve potential returns for investors, make Infrastructure Investment Trusts attractive
Rohit Inamdar, senior vice president at ICRA said exemption of Dividend Distribution Tax holds greater significance in case of InvITs as an InvIT would own such assets through SPVs.
The consortium that now co-owns Kerala Blasters were responsible for the turnaround of MAA Television Network Ltd. , recently sold for Telgu channels to Rupert Murdoch.
BCCI to select North East team to play in national level tournaments, boost cricketing infra and activity
Thakur assured support of the BCCI for cricket development in the North East and announced several steps that will help raise the profile of the sport in the region.
Commercial property serves as a lucrative investment option with investors gaining from rental income as well as capital appreciation.
India’s largest real estate firm DLF is expecting to receive expressions of interest from prospective investors for the sale of its promoters’ 40% stake.
The company’s consolidated revenues increased by 19% to Rs 2,496 crore for the January-March 2016 quarter from Rs 2,101 crore a year ago.
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