Archive for March 1st, 2007
Cement Spike May Hit Your Roof
Thursday, March 1st, 2007Prices Likely To Increase By Rs 11.82 Per Bag; Pass-On Effect To Make Housing Costlier
THE FINANCE MINISTER’S proposed differential duty structure on cement to rein in prices of the commodity may backfire as cement prices are likely to go up by at least Rs 11.82 per bag with immediate effect. Since the duty is being […]
Hot Property To Turn Hotter
Thursday, March 1st, 2007Commercial Rents Set To Surge, Construction Firms Lose Tax Exemption
RENTALS of commercial properties will shoot up across the country as letting out space for business purposes will now come under the 12% service tax net. With additional 3% education cess, property owners may have to pay a 12.36% service tax. The use of land and […]
IMG Bharata Land To Be Sold
Thursday, March 1st, 2007Some 850 acres of land allotted by the previous Telugu Desam regime to M/s IMG Bharata, the sports management company, in the State capital will be sold away to raise nearly Rs. 5,000 crores to fund the State’s plan for the coming fiscal.
Another Rs. 3,500 crores will be realised through sale of other lands in […]
Central Team To Identify Location For IIT In Hyderabad
Thursday, March 1st, 2007A central team will visit Medak district of Andhra Pradesh on March 11 to identify the location for a proposed Indian Institute of Technology (IIT).
The district authorities have short-listed three villages for the institute in Sangareddy, about 70 km from Hyderabad. Out of the three, government land is available only near Lakadram village. Officials said […]
On The House: Elders Can Now Own And Earn
Thursday, March 1st, 2007SENIOR citizens can now live off their homes, literally. Taking a cue from developed countries, the government has announced its sanction for reverse mortgage products in the country. In a reverse mortgage, senior citizens can avail of a loan against property owned by them without having to pay back monthly instalments.
The finance minister announced that […]
Hyderabad Set To Grow Vertically
Thursday, March 1st, 2007High-rises To Dot ‘Happening’ Hyderabad Skyline
Skyscrapers will no longer be a glint in some architect’s eye. Nearly 20 superstructures are ready on the drawing boards, some even getting the mandatory No Objection Certificates (NOCs) from the fire department and the Airports Authority of India (AAI). Corporates and bigtime builders have come forward to construct skyscrapers […]