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Soaring
high
Riding high on NRI and non-Punjabi investors’ interest, the property prices
in Ludhiana, the industrial hub of Punjab, have shown a steady growth over the
past six months, says Shveta Pathak
| Is the real
estate boom bubble going to burst soon? This is the million dollar
question for almost every investor and the past six months have in fact
given the jitters to many in the state as there have been reports of a
slowdown in the sector. But if high value property deals are any
indication, the slump in the real estate sector in the past six months
seems to be nothing but an illusion in the case of Ludhiana. |
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New
project: A residential complex on Rani Jhansi Road. — Photo by Sayeed Ahmed
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Commercial
Rents
The ascent
continues
Office rentals in prime commercial locations in leading Indian cities and other
Asian markets continued to rise in the third quarter this year as local
businesses expand, a global consulting firm said today. “Overall demand for
office space in Asia’s major commercial centres remained robust, with demand
from expanding local businesses and non-finance related occupiers increasingly
significant in many Asian markets,” CBRE said.
It’s
time to rationalise Stamp Duty system
 Real
estate in India is the most unorganised and graft-ridden sector which, if
regulated properly, can act as a major growth vehicle. The registration system
needs most of the reforms to check evasion and, in turn, black money and
inflation, says R.P Malhotra
Real estate in India is the most unorganised and graft-ridden
sector. If regulated properly it can act as a major growth vehicle, can
generate ample employment opportunities through 250-odd industries ancillary to
the construction sector and thus can bring overall prosperity to the rural
masses.
GREEN HOUSE
Think before
you plant
Medicinal or ornamental, big or
small, there are a number of points to be noted while planting trees along
roads and avenues, advises Dr Satish Narula
TAX
tips
Relief in
LTCG tax under Benami Transactions Act
Q. Recently, me and my wife
purchased a flat in Chandigarh for which the complete amount was contributed by
me. Does Section 3 of the Benami Transactions (Prohibition), Act 1988 give me
relief regarding the payment of long-term capital gains tax qua my wife as
under the above provision wife and unmarried daughter are excluded from the
applicability of the above Section? Is the above proviso to Section 3 of the
Act relevant for calculating the LTCG Tax?
Urban
land Act repeal not to soften prices
Mumbai: The repeal of Urban Land Ceiling Act (ULCA) by the Maharashtra
government would make large parcels of land available for development, but
property prices are not likely to come down in the near future, feel realtors.
Prices may at best stabilise in the near-term and even if a downward movement
takes place, it would be only after two-three years when some of the land
released due to ULCA’s repeal gets developed, they said.
Realty
through lens
Parsvnath bags 160 cr project
New Delhi: Parsvnath
Developers Ltd has won the bid to develop a commercial project on 18,632 square
metre of land worth Rs 160 crore, including land cost in Greater Noida. “The
project will be a landmark development in the area and will house renowned
national and international brands, serving as one-stop shop catering to the
needs of all segments of society,” Parsvnath Developers Ltd chairman Pradeep
Jain said.
All-Brahmin
real estate venture in Hyderabad
In a throw-back to the old days,
plans are on to recreate the ambience of “Agraharam”, an exclusive Brahmin
colony, near Hyderabad. The modern-day “Agraharam” comes with a complete
package-an integrated township comprising supermarkets, hospital, engineering
and medical college, a temple and community halls.
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