Shares of real estate companies with significant exposure in Mumbai slumped in a weak market today after media reports surfaced that the Maharashtra government proposes to hike stamp duty for properties. Shares of realty players like India Bulls, Oberoi and HDIL today slumped as much as 6 per cent after reports that the state government […]
Tag: Real Estate Companies
Maharashtra stamp-duty hike: What it means for Real Estate Companies.
March 26, 2012 – 5:05 pm
In a recent development, cash strapped Maharashtra government proposed to hike stamp duty on leave-license to 0.1% on market value or 1% of the average annual rent or deposit paid, whichever is higher, for residential properties. For commercial properties, the duty proposed is 0.4% for lease agreements over 60 months. This is a whopping 160 […]
Home buyers to return back
January 8, 2009 – 4:17 am
Home buyers could arrive back in the Indian real estate market in force after the Reserve Bank of India reduced rates and the cash-reserve ratio requirement. The bank slashed the repo rate by 100 basis points to 5.5% and the reverse repo rate to 4%. Officials also lowered the cash reserve ratio by 50 basis […]
Realty seeks tax, input price relief
February 25, 2008 – 2:42 am
New Delhi: Real estate companies wish for taxes to be lowered and prices of construction materials controlled in the forthcoming budget. Vipin Agarwal executive director of Omaxe Ltd states that they want tax breaks on infrastructure, which were there till last year. Infrastructure improvement is important for the improvement of the country. So they should […]
Emaar MGF Land postpones IPO
February 11, 2008 – 8:58 am
Emaar MGF Land, a JV between one of the world`s foremost real estate companies, Emaar Properties PJSC of Dubai, and MGF Development of India, has withdrawn and postponed its initial public issue to an appropriate moment. The company decided to take this step as an outcome of the prevailing adverse market feelings, fuelled by renewed signals of […]
