FIPB to be phased-out in the next fiscal

By Accommodation Times Bureau While presenting the General Budget 2017-18 in Lok Sabha here today, the Union Finance Minister, Shri Arun Jaitley proposed that the Foreign Investment Promotion Board (FIPB) will be phased-out in the next fiscal. Expressing concern over dubious deposit schemes, Shri Jaitley said that a Bill will soon be

Investors shy away from Real Estate

Dr Sanjay Chaturvedi, LLB, PhD By Accommodation Times News Services The age old problem of "less liquid" Real Estate is turning away investors. World over real estate is in securitised form and exchange traded products based on real estate including Mortgage Backed Securities and Real Estate Investment Trusts (REITs) have proven real

You can use Residential Premises for Professional Purposes

Accommodation Times News Services - By Tarun Ghia, Chartered Accountant 1. Can a residential property by used for professional purposes or business office purposes ? A. USER of Residential premises for professionals purposes : Relevant Bye-Laws : Under Bye-Law No.78(d) of the model bye-laws of 1984 and Bye-law no.76(a) of the new model bye-laws of

Final guidelines on REITs to be issued shortly: Mayaram

        By Accommodation Times News Service The final guidelines on the proposed real estate investment trusts (REITS), which help the fund- starved realty sector with long-term funds, will be issued soon, Economic Affairs Secretary Arvind Mayaram said. “We are very actively looking at announcing the final guidelines for REITs…there is now a

Office Premises of CA is neither Shop nor Commercial Space

By Accommodation Times Bureau Once it is held that the office of a chartered accountant or of a firm of chartered accountants does not come within the expression of “shop” or “commercial establishment” as defined in the Act of 1961, the corollary would be that the provisions of the Act of

Real estate public issues affected by market depression

By Accommodation Times (www.accommodationtimes.com) As far as residential apartment rates are concerned home buyers are in surprise state. It is going harder and harder for realtors to raise funds from the primary market, thereby increasing liquidity woes. According to the study of SMC Global Securities reveals that approx 36companies those have

Valuation Re-valued

By Ubaid Parkar Once upon a time, a long time ago (in the June 30th 2007 edition of Accommodation Times) it was reported that an ideal investment in the Realty Sector should be in a company with “…consistent growth and not a manipulated figure. The persistent growth in sales and profits

Times of India now on assets selling spree

Appointed Knight Frank India as agents to sell barter properties By Dr Sanjay Chaturvedi Times of India is selling its assets and inventories acquired through barter deals from builders and developers. Very recently the newspaper had appointed Knight Frank India to dispose off its inventory of residential flats in Thane and Navi

Big corporate game in for land grab in Mumbai

By Dr Sanjay Chaturvedi Mumbai property price seems not to have respite from any recessionary trend in times to come. Big corporate and land sharks are all game to acquire land in Mumbai at any cost. Peninsula Land, India Bulls, Videocon Realty, Reliance Land Realty, Indiareits have set approximately Rs.15000 crore to