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Markets go from gloom to boom in 1 year

Others

Mumbai: The exhilarating bounce from the lows that the Indian equity market touched on 9 March 2009 is now a year old—and what a year it has been. These 12 months have been a wildly profitable time for those brave souls who held their nerve and bought stocks, while it has been a missed opportunit....

Posted on:- 3/10/2010 4:54:02 PM

Budget blues: housing projects may cost more

Others

Get ready to pay more for flats or houses you book in an under-construction project. If the Budget proposals go through, builder services will come under the service tax net. According to the Budget proposal, real estate developers will have to pay a service tax on transactions or sales, where th....

Posted on:- 3/10/2010 4:53:49 PM

Service tax to dampen real estate

Others

Kolkata - Confederation of Real Estate Developers' Associations of IndiaI (CREDAI), apexbody of real estate developers, said imposing new service tax will dampen growth of the entire industry. The Union Budget 2010-2011, aside from some small provisions, failed to provide an overall and clear sti....

Posted on:- 3/10/2010 4:53:00 PM

Nariman Point losing out to newer buildings in other parts of the city

The Economic Times

For years, Nariman Point has housed India's most exclusive office property, with impossible rental rates and a listing on all the major international surveys. But Mumbai's central business district's good old buildings are now starting to lose out to newer, swankier constructions in other parts of t....

Posted on:- 3/10/2010 4:52:35 PM

Cost-cutting: ICICI sells Prabhadevi property

The Economic Times

MUMBAI: India’s second largest bank ICICI has sold a 13-storey residential building at Prabhadevi in Central Mumbai occupied by the bank’s top brass as part of a cost-cutting exercise. While the sale price is not known yet, the deal is expected to run into several crores. The entire top floor of ....

Posted on:- 3/10/2010 4:52:19 PM