Minister to Propose New Tax Breaks for Tourism Industry
Jun. 23 – India’s Tourism Minister, Kumari Selja, will be submitting a set of proposals for industry tax breaks and exemptions to the Finance Minister, Pranab Mukherjee later this week. The proposal...
View ArticleDiwali Retail Sales Up 40 Percent
Oct. 22 – Like China’s government instituted “Golden Weeks” during national holidays, India is beginning to push domestic spending during holidays as a way of bolstering the economy. Last week’s Diwali...
View ArticleConfusion Over Formation of Telangana State
Dec. 14 – The Indian government’s decision to form a new state of Telangana is causing confusion in Andhra Pradesh as the proclamation is seen as an agreement to divide a new area from the state. Home...
View ArticleNew Hotels to be Given 5 Year Tax Holiday
Jan. 27 – To encourage more hotels to open prior to the Commonwealth Games, India is giving a five-year tax holiday for new hotels completed in the national capital region before March 31. The rule...
View ArticleNew Delhi Property Tax Rates to Increase in April
Feb. 3 – India is set to increase property tax rates in New Delhi starting April 2010. The Municipal Corporation of Delhi’s (MCD) has proposed higher tax rates for residential properties in the A to H...
View ArticleNew Delhi Best City for Living
Mar. 9 – The Confederation of Indian Industries has ranked New Delhi as having the best quality of life for its residents among all cities in the India based on their latest “Liveability Index.” After...
View ArticleNew Construction Services Tax to Increase Real Estate Prices
Mar. 9 – A proposal to implement a construction tax under the new services tax will invariably hike prices for real estate projects still under construction or pending approval from authorities. The...
View ArticleThe Wealth Report: Mumbai and Delhi Represent ‘Significant Investor Promise’
Apr. 15 – The Mumbai and New Delhi realty markets hold a significant level of promise for potential investors, says Knight Frank’s The Wealth Report 2010. The report forecasts trends and identifies...
View ArticleIndia Proposes Repatriation of Profits for Foreign Real Estate Companies
Jul. 13 – The Department of Industrial Policy and Promotion is studying a proposal to allow foreign real estate companies to repatriate all their profits except the minimum initial investment of US$5...
View ArticleMumbai’s Commercial Real Estate Market
Oct. 19 – The Indian economy has witnessed astounding growth over the past decade and is likely to be one of the fastest growing economies in the coming years. In particular, the real estate sector in...
View ArticleHilton, Starbucks Add to Their India Portfolio
May 14 – Looking to further break into the Indian market, Hilton Hotels has committed to expand its mid-market and luxury brands in the country. Hilton, which already has established various hotels in...
View ArticleNew Bill to Bring Greater Regulation to Real Estate Sector
India’s Union Cabinet passed the Real Estate (Regulation and Development) Bill 2013 this week that will put into effect a uniform regulatory system for real estate developers. Continue reading →The...
View ArticleIndia to Boost Infrastructure Investment Through Trust Fund
Sept. 24 – The Indian government is currently working to set up a long-term infrastructure trust fund that would be open to both foreign and Indian investors – which would be similar to the real estate...
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