High-risk highway projects decline 13%: Crisil

Crisil said 85 under-construction projects and 104 operational build, operate and transfer (BOT) road projects shows that there has been a 13% reduction in high-risk projects over the past fiscal. The pace of road construction has also improved by 40% to 6 km per day in fiscal 2016 from an average

Realtors Call for tax reliefs, land parcels at NAREDCO Summit

By Accommodation Times News Services UMBAI, October 13, 2016: Focusing on creating a housing revolution, a realty summit organised by NAREDO has called for tax reliefs and enhancing land supply to realize the Housing for All target. The 2-day high level Real Estate and Infrastructure Investors’ Summit 2016 organised by NAREDCO in

Al Marjan Island Calling in the Gulf : Great Opportunity for Investments

By Accommodation Times News Services Al Marjan Island, a mixed use development project administered by Al Marjan Island LLC, who are master developers of the project under the able stewardship of Arch. Abdullah Rashed Al Abdooli, Managing Director. The four islands of Al Marjan are home to a 3 world class hospitality properties (Rixos,

Bangalore Has Second-Highest Unsold Inventory Among Indian Cities : JLL

By Accommodation Times News Services In a press release, JLL, an international Real Estate Marketing company said that Bangalore Has Second-Highest Unsold Inventory Among Indian Cities. Excerpts of press release : Anuj Puri, Chairman and Country Head at JLL India   Bangalore’s residential property inventory overhang now stands at 32 months. With more than 84,000

High prices cause of growing inventories of unsold housing units: Deepak Parekh

By Accommodation Times News Services One of the leading banks of India HDFC’s Chairman Deepak Parekh, coming hard on developers said they are unrelenting on pricing despite a growing inventory of unsold housing units. The eminent banker also asked the developers to shift their focus away from high-end luxury housing and said

TDR not to attract Capital Gain Tax : Bombay High Court

By Accommodation Times News Service Bombay High Court in the matter INCOME TAX APPEAL NO. 1356 OF 2012 , Commissioner of Income Tax -18 v/s Sambhaji Nagar Co­op. Hsg. Society Ltd. have observed that TDR generated under DCR by the society is not to be taxed under Capital Gain Tax. "...Thus, the conclusion of the Hon'ble Supreme Court is that an asset which is capable of acquisition at a cost would be included within the provisions pertaining to the head “Capital gains” as opposed to assets in the acquisition of which no cost at all can be conceived.  In the   present  

Publishing Loan Defaulter’s photo is illegal: Calcutta High Court

By Accommodation Times News Services In a landmark judgment, Calcutta High Court had decided Whether or not a secured creditor, which has initiated action for enforcement of its security interest in terms of the provisions of the Securitisation and Reconstruction of Financial Asset and Enforcement of Security Interest Act, 2002 (hereafter

Land Acquisition the only reason for Highway Project delays

By Accommodation Times News Service A large number of National Highway Projects have been delayed due to land acquisition. The issue of land acquisition has been taken up by the National Highways Authority of India with the State Governments by holding regular meetings for expediting the acquisition of land besides taking

Acquisition of land for Re-development and Rehabilitation is prerogative of State govt: HC

By Accommodation Times News Service IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION WRIT PETITION NO. 2582 OF 2003 WITH CHAMBER SUMMONS NO. 267 OF 2008 Sara Harry D'Mello .. Petitioner. Vs. State of Maharashtra & Ors. And Palatial Constructions .. Respondents. WITH WRIT PETITION NO. 91 OF 2002 WITH CHAMBER SUMMONS NO. 129 OF 2002 The Reserve Bank

High prices continue to dampen sentiment for Mumbai property market: HDFC Sec

By Accommodation Times News Services HDFC Securities attended the recently concluded property exhibition (April 11-14, 2013), hosted by the Maharashtra Chamber of Housing Industry (MCHI), at MMRDA grounds, BKC (Mumbai), with over 50 developers participating. "Clearly, affordability remains the key issue with prices up another approx. 10-25% (on average) over the past