tag:blogger.com,1999:blog-30623192991653276242024-03-05T02:51:09.650-08:00LPCurry's BlogLPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.comBlogger291125tag:blogger.com,1999:blog-3062319299165327624.post-88211295846068004712012-11-18T06:12:00.001-08:002012-11-18T06:12:08.243-08:00Wildlife getting hit by realty plans in Noida<div class='posterous_autopost'> The forest department of Gautum Budh Nagar has sent a notice to around 50 realty projects within its area of 10km of Okhla Bird Sanctuary, saying first get a clearance from the standing committee of National Board of Wildlife (NBWL). <p>The notice is being issued based on 2006 Supreme Courts’ judgment that all the cases are environmental clearance by Union Ministry of environment and forests (MoEF). All the clearance is mentioned in Environment Impact Assessment guidelines issued by the minister. Officials of forests department said as per list of projects mandated of clearance a notice has be issued to building and construction projects with built up areas between 20,000 and 1.5 lakh sq meter township and area development of more than 50 hectares. The ministry has declared the land near or around sanctuaries or parks as Eco-sensitive zone. Any activities near it would be regulatory nature.<br /> </p> <p><br /> </p> <p><br /> </p> <p><small><small><small><small><br /> </small></small></small></small></p> <p style="margin: 1em 0 3px 0;"><small><small><small><small> <br /> </small></small></small></small></p> <p><small><small><small><small> <span>Posted:</span> 16 Nov 2012 11:10 PM PST<br /> By Accommodation Times Bureau</small></small></small></small></p> <p><br /> </p> <p><p /> </p> <div> <div style="font-size: 13.3px; font-family: Verdana, Arial, Helvetica, sans-serif;"> <div style="border-top: 1px solid #e5e5e5; padding-top: 0.8em;"> <div style="margin: 0 0 8px 0;"> <p style="margin: 0; margin: 0;"><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></span><span style="color: #3366ff;"><strong><span style="font-size: 11pt; font-family: Century Gothic,sans-serif;">Loans & Property Curry</span></strong></span><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><br /> </span></strong></span><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><span style="color: #800080;"></span> <br /> </span></strong></p> <p style="margin: 0; margin: 0;"><span style="color: #800000;"><em><strong></strong></em></span><span style="color: gray;">Get Social!!</span> <a href="http://in.linkedin.com/in/vijaysinghrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/linkedin.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://in.linkedin.com/in/vijaysinghrana" style="color: black; text-decoration: underline;"><span style="color: black;">LinkedIn</span></a> <a href="http://twitter.com/LPCurry" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/twitter.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://twitter.com/LPCurry" style="color: black; text-decoration: underline;"><span style="color: black;">Twitter</span></a> <a href="http://www.facebook.com/lpcurry.page" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebookpage.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/lpcurry.page" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook Page</span></a> <a href="http://www.facebook.com/2vijayrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebook.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/2vijayrana" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook</span></a> <a href="http://blog.lpcurry.com/" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/blogger.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://blog.lpcurry.com/" style="color: black; text-decoration: underline;"><span style="color: black;">Blogger</span></a><br /> </p> </div> </div> <img src="https://wisestamp.appspot.com/pixel.png?p=mozilla&v=3.11.21&t=1353247809235&u=4b71d4900c4ca423" height="1" width="1" /></div> </div></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com1tag:blogger.com,1999:blog-3062319299165327624.post-7039613075986323062012-11-05T02:44:00.001-08:002012-11-05T02:44:14.682-08:00Noida is no more affordable<div class='posterous_autopost'> <div style="margin: 0; font-family: Georgia,Helvetica,Arial,Sans-Serif; line-height: 140%; font-size: 13px; color: #000000;"> <p>Earlier Noida was understood as the destination for affordable housing but it is not the case anymore. This region has witnessed price appreciation of around 50%. Noida is slowly transforming into a hub of luxury and high-end projects to give a stiff competition to the neighbouring city of Gurgaon in Haryana. The Noida and Greater Noida authorities have decided to brand the twin cities in the luxury segment with various developers coming up with high class residential and commercial towers in the region.</p> <p>The chairman of the three authorities of Noida, Greater Noida and Yamuna Expressway, Rakesh Bahadur, said that till now Gurgaon was considered the costliest in Delhi-NCR despite the township lacking in terms of necessary infrastructure and facilities. “Now, Gurgaon will have only one USP, which is close proximity to the airport. As builders are coming up with projects developed by world class agencies, in the next five years, Noida will beat Gurgaon in all respects,” Bahadur said.</p> <p>High-end buyers are shifting their base from Gurgaon to Noida. World renowned Italian couturier Giorgio Armani is likely to design an exclusive flat in the Supernova project.The cost of one designer flat with an area of 4,000-5,000 sq feet will be around Rs 10 crore. For starters, Raj Kundra has decided to purchase a flat for his wife, Shilpa Shetty, in Supernova. Supertech has also tied up with Leela hotels group to open the first 7-star hotel in Noida.<br /> </p> <p><br /> </p> <p><br /> </p> <p><br /> </p> <p><br /> <small><small><small><span>Posted:</span> 03 Nov 2012 04:09 AM PDT<br /> By Accommodation Times Bureau</small></small></small></p> <p><br /> </p> <div class='p_embed p_image_embed'> <img alt="Rjfbl8t3oxk" height="1" src="http://getfile2.posterous.com/getfile/files.posterous.com/lpcurry/8tafC1s04aYi2pqUzGtsZG5AmrcwVcH3INQjO6qH8f0mvNtOLQPchwVhw0Q3/RjfBl8t3oxk" width="1" /> </div> </div> <div> <div style="font-size: 13.3px; font-family: Verdana, Arial, Helvetica, sans-serif;"> <div style="border-top: 1px solid #e5e5e5; padding-top: 0.8em;"> <div style="margin: 0 0 8px 0;"> <p style="margin: 0; margin: 0;"><span style="color: #3366ff;"><strong><span style="font-size: 11pt; font-family: Century Gothic,sans-serif;">Loans & Property Curry</span></strong></span><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><br /> </span></strong></span><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><span style="color: #800080;"></span> <br /> </span></strong></p> <p style="margin: 0; margin: 0;"><span style="color: #800000;"><em><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></em></span></p> </div> <span style="color: gray;">Get Social!!</span> <a href="http://in.linkedin.com/in/vijaysinghrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/linkedin.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://in.linkedin.com/in/vijaysinghrana" style="color: black; text-decoration: underline;"><span style="color: black;">LinkedIn</span></a> <a href="http://twitter.com/LPCurry" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/twitter.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://twitter.com/LPCurry" style="color: black; text-decoration: underline;"><span style="color: black;">Twitter</span></a> <a href="http://www.facebook.com/lpcurry.page" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebookpage.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/lpcurry.page" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook Page</span></a> <a href="http://www.facebook.com/2vijayrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebook.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/2vijayrana" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook</span></a> <a href="http://blog.lpcurry.com/" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/blogger.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://blog.lpcurry.com/" style="color: black; text-decoration: underline;"><span style="color: black;">Blogger</span></a><br /> </div> <img src="https://wisestamp.appspot.com/pixel.png?p=mozilla&v=3.11.21&t=1352111896901&u=4b71d4900c4ca423" height="1" width="1" /></div> </div></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com1tag:blogger.com,1999:blog-3062319299165327624.post-12557957776169695502012-11-01T02:58:00.001-07:002012-11-01T02:58:20.211-07:00Private Equity Funds: In favour of customers<div class='posterous_autopost'> <p>A new trend has started in realty where the funds are preferred from the private equity players. Realty requires a constant cash flow to keep it going. Such deals have been happening more in the residential real estate sector. The private players are investing in projects for shorter duration. Such investments are beneficial for the customers indirectly, since the developers will utilise the amount for their benefits.</p> <p>The investors are very cautious while investing in real estate and prefer shorter investment. They are just to invest with guaranteed cash flow. The investors may exit when their returns are not expected by the stipulated time. In real estate sector, in the first half of 2012, 50% of the funds were invested by the private players.</p> <p>The investors who invested during the boom period didn’t have exits whilst the slack period. But pertaining to the current scenario, despite inflation and cash crunch, investors have witnessed good sales. Many realty players have been turning back to private players and offering better returns, up to 30% annually.<br /> </p> <p><br /> </p> <p><br /> </p> <p><br /> </p> <p><br /> </p> <p><small><small><small><br /> </small></small></small></p> <p style="margin: 1em 0 3px 0;"><small><small><small> <br /> </small></small></small></p> <p><small><small><small> <span>Posted:</span> 29 Oct 2012 05:33 AM PDT<br /> By Accommodation Times Burea</small></small></small></p> <p><br /> </p> <div> <div style="font-size: 13.3px; font-family: Verdana, Arial, Helvetica, sans-serif;"> <div style="border-top: 1px solid #e5e5e5; padding-top: 0.8em;"> <div style="margin: 0 0 8px 0;"> <p style="margin: 0; margin: 0;"><span style="color: #3366ff;"><strong><span style="font-size: 11pt; font-family: Century Gothic,sans-serif;">Loans & Property Curry</span></strong></span><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><br /> </span></strong></span><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><span style="color: #800080;"></span> <br /> </span></strong></p> <p style="margin: 0; margin: 0;"><span style="color: #800000;"><em><strong></strong></em></span><span style="color: gray;">Get Social!!</span> <a href="http://in.linkedin.com/in/vijaysinghrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/linkedin.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://in.linkedin.com/in/vijaysinghrana" style="color: black; text-decoration: underline;"><span style="color: black;">LinkedIn</span></a> <a href="http://twitter.com/LPCurry" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/twitter.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://twitter.com/LPCurry" style="color: black; text-decoration: underline;"><span style="color: black;">Twitter</span></a> <a href="http://www.facebook.com/lpcurry.page" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebookpage.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/lpcurry.page" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook Page</span></a> <a href="http://www.facebook.com/2vijayrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebook.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/2vijayrana" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook</span></a> <a href="http://blog.lpcurry.com/" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/blogger.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://blog.lpcurry.com/" style="color: black; text-decoration: underline;"><span style="color: black;">Blogger</span></a><br /> </p> </div> </div> <img src="https://wisestamp.appspot.com/pixel.png?p=mozilla&v=3.11.21&t=1351763801931&u=4b71d4900c4ca423" height="1" width="1" /></div> </div></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com0tag:blogger.com,1999:blog-3062319299165327624.post-41385978429558025632012-11-01T02:02:00.001-07:002012-11-01T02:02:11.159-07:00Private Equity investment drops by 15% in realty<div class='posterous_autopost'> <p> According to the global property consultant Cushman and Wakefield reports the private equity investments in the realty sector declined by 15% in the first three quarters of 2012. The consultant blamed that the drop in PE investments is because uncertain investments in the country among others.</p> <p>Sanjay Dutt, MD, Cushman and Wakefield said, ‘’the Indian real estate sector has seen a drop of 15% in PE investments in the first three quarter of the calendar year 2012 compared to a year ago’’. During the first three quarters of previous year, the real estate industry had attracted investment worth Rs.4, 110 crore.</p> <p>Giving us the reason for this fall he say,’’ it is mainly because lot of concerns on the government policy front conjugated with uncertainties, valuation focus on the venerable funds.</p> <p>He however believes that this shortfall can be made up in coming quarter on working of recent policy, new market strategies, opportunities in booming markets like NCR, Mumbai, Pune, Bengaluru, and Chennai. According to the reports, the total of private equity transaction till date is 23 marginally lower then last year. The residential segment has seen maximum PE investment of the total private equity investments increasing by 9%. Mumbai is the first preferred destination for private equity followed by Bengaluru and the NCR.<br /> </p> <p><br /> </p> <p><small><small><small><br /> <span>Posted:</span> 31 Oct 2012 01:36 AM PDT<br /> By Accommodation Times Bureau</small></small></small><br /> </p> <div> <div style="font-size: 13.3px; font-family: Verdana, Arial, Helvetica, sans-serif;"> <div style="border-top: 1px solid #e5e5e5; padding-top: 0.8em;"> <div style="margin: 0 0 8px 0;"> <p style="margin: 0; margin: 0;"><span style="color: #3366ff;"><strong><span style="font-size: 11pt; font-family: Century Gothic,sans-serif;">Loans & Property Curry</span></strong></span><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><br /> </span></strong></span><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><span style="color: #800080;"></span> <br /> </span></strong></p> <p style="margin: 0; margin: 0;"><span style="color: #800000;"><em><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></em></span></p> </div> <span style="color: gray;">Get Social!!</span> <a href="http://in.linkedin.com/in/vijaysinghrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/linkedin.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://in.linkedin.com/in/vijaysinghrana" style="color: black; text-decoration: underline;"><span style="color: black;">LinkedIn</span></a> <a href="http://twitter.com/LPCurry" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/twitter.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://twitter.com/LPCurry" style="color: black; text-decoration: underline;"><span style="color: black;">Twitter</span></a> <a href="http://www.facebook.com/lpcurry.page" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebookpage.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/lpcurry.page" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook Page</span></a> <a href="http://www.facebook.com/2vijayrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebook.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/2vijayrana" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook</span></a> <a href="http://blog.lpcurry.com/" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/blogger.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://blog.lpcurry.com/" style="color: black; text-decoration: underline;"><span style="color: black;">Blogger</span></a><br /> </div> <img src="https://wisestamp.appspot.com/pixel.png?p=mozilla&v=3.11.21&t=1351760431919&u=4b71d4900c4ca423" height="1" width="1" /></div> </div></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com1tag:blogger.com,1999:blog-3062319299165327624.post-71511775235183636052012-10-30T02:22:00.001-07:002012-10-30T02:22:17.378-07:00Noida to get tallest tower of 300m<div class='posterous_autopost'> <div style="margin: 0; font-family: Georgia,Helvetica,Arial,Sans-Serif; line-height: 140%; font-size: 13px; color: #000000;"> <p>Looks like Noida will back behind Dubai in terms of getting tallest tower. Brys Group, delhi-based real estate firm has announced to develop a 300 meter residential tower in Sector 15 of Noida.</p> <p>Sum of 1,000 crore is invested for this high-end luxurious projects which includes 285 premium flats and villas hoping to be complete in next 4 years. Obviously the buyers would be the net worth individuals who have the capacity and want to live in these apartments offering international facilities.</p> <p>Rahul Gaur, chairman of Brys Group said, ‘’land is a fast shrinking commodity and there are issues related to acquisition. Vertical development is the only way to create iconic properties.’’ Further he said development and construction of tall structure is not an easy task. Considering the high court of these apartments, resale becomes extremely difficult that eventually forces short term investors to stay away from such projects. However, we are relying on end-users and not short term investors.</p> <p>After Supertech’s launch this will be the second tallest building in NCR region offering 3 BHK, 4BHK, 5 and 6 BHK flats priced between 5 crore to 9 crores. the construction will begin in January next year and expected to be completed by 2016.<br /> </p> <p><br /> </p> <p><big><br /> </big></p> <p style="margin: 1em 0 3px 0;"><small><small> <br /> </small></small></p> <p><small><small> <span>Posted:</span> 29 Oct 2012 02:12 AM PDT<br /> By Accommodation Times Bureau</small></small></p> <p><br /> </p> <p><br /> </p> <div class='p_embed p_image_embed'> <img alt="Tprokecssfs" height="1" src="http://getfile4.posterous.com/getfile/files.posterous.com/lpcurry/4YK3h1fb1p5zx5GwB48QPsfImm3bnQx080HqhzYqoes9FNYxU3xx0KHoHegM/tPrOKecSSfs" width="1" /> </div> </div> <div> <div style="font-size: 13.3px; font-family: Verdana, Arial, Helvetica, sans-serif;"> <div style="border-top: 1px solid #e5e5e5; padding-top: 0.8em;"> <div style="margin: 0 0 8px 0;"> <p style="margin: 0; margin: 0;"><span style="color: #3366ff;"><strong><span style="font-size: 11pt; font-family: Century Gothic,sans-serif;">Loans & Property Curry</span></strong></span><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><br /> </span></strong></span><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><span style="color: #800080;"></span> <br /> </span></strong></p> <p style="margin: 0; margin: 0;"><span style="color: #800000;"><em></em></span><span style="color: gray;">Get Social!!</span> <a href="http://in.linkedin.com/in/vijaysinghrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/linkedin.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://in.linkedin.com/in/vijaysinghrana" style="color: black; text-decoration: underline;"><span style="color: black;">LinkedIn</span></a> <a href="http://twitter.com/LPCurry" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/twitter.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://twitter.com/LPCurry" style="color: black; text-decoration: underline;"><span style="color: black;">Twitter</span></a> <a href="http://www.facebook.com/lpcurry.page" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebookpage.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/lpcurry.page" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook Page</span></a> <a href="http://www.facebook.com/2vijayrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebook.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/2vijayrana" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook</span></a> <a href="http://blog.lpcurry.com/" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/blogger.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://blog.lpcurry.com/" style="color: black; text-decoration: underline;"><span style="color: black;">Blogger</span></a><br /> </p> </div> </div> <img src="https://wisestamp.appspot.com/pixel.png?p=mozilla&v=3.11.21&t=1351588742956&u=4b71d4900c4ca423" height="1" width="1" /></div> </div></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com0tag:blogger.com,1999:blog-3062319299165327624.post-16567230264004264142012-10-29T03:20:00.001-07:002012-10-29T03:20:21.261-07:00Small office spaces in Gurgaon watches huge supply<div class='posterous_autopost'> <p> <span></span>Gurgaon one of the major commercial region of Delhi-NCR is surely witnessing a high demand of small office spaces less than 10,000 sq. ft category. About 1000-5000 sq. ft of property is the need of hour. This demand has eventually resulted over-supply of some units of one of the developers in the region.</p> <div style="margin: 0; font-family: Georgia,Helvetica,Arial,Sans-Serif; line-height: 140%; font-size: 13px; color: #000000;"> <p>The reason why there is spike high call is because many banking sectors, insurance companies, heavy engineering companies, consultancies, telecommunication firms and many other small industry which usually don’t get place in CBD gets settled in minimum area. The rental values of these spaces are somewhere from lowest of Rs. 25 per sq ft per month to Rs.140 per sq ft depending upon the locations, developers and facility provided.</p> <p>The NCR region has seen a push in space selling from past 2-3 years as these regions are developing and many high end companies and low end companies are establishing themselves. Most of the renowned developers like Spaze Group; DLF offers office space in different sizes as required.</p> <p>Space for small office is also readily available in unorganized sectors. By unorganized it means that there are several independent buildings offering 500-1000 sq. ft space, the rental values varies, customers generally look for these kinds of areas because they approach the owners by their own as the agents do not get involved due to low commission.<br /> </p> <p><br /> </p> <p><big><br /> </big></p> <p><small><small><br /> </small></small></p> <p><small><small><span>Posted:</span> 27 Oct 2012 01:21 AM PDT<br /> By Accommodation Times Bureau</small></small></p> <small><small><small><div class='p_embed p_image_embed'> <img alt="Pcj2zmgld5k" height="1" src="http://getfile7.posterous.com/getfile/files.posterous.com/lpcurry/RmRumJfvJSP6OaQ5c3r7jUP5LcCdTQ82ab74cNoUp0hw1xtn01iuoGXe7jjl/PCj2zmgLd5k" width="1" /> </div> </small></small></small></div> <div> <div style="font-size: 13.3px; font-family: Verdana, Arial, Helvetica, sans-serif;"> <div style="border-top: 1px solid #e5e5e5; padding-top: 0.8em;"> <div style="margin: 0 0 8px 0;"> <p style="margin: 0; margin: 0;"> <span style="color: #3366ff;"><strong><span style="font-size: 11pt; font-family: Century Gothic,sans-serif;">Loans & Property Curry</span></strong></span><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><br /> </span></strong></span><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><span style="color: #800080;"></span> <br /> </span></strong></p> <p style="margin: 0; margin: 0;"><span style="color: #800000;"><em></em></span><span style="color: gray;">Get Social!!</span> <a href="http://in.linkedin.com/in/vijaysinghrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/linkedin.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://in.linkedin.com/in/vijaysinghrana" style="color: black; text-decoration: underline;"><span style="color: black;">LinkedIn</span></a> <a href="http://twitter.com/LPCurry" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/twitter.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://twitter.com/LPCurry" style="color: black; text-decoration: underline;"><span style="color: black;">Twitter</span></a> <a href="http://www.facebook.com/lpcurry.page" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebookpage.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/lpcurry.page" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook Page</span></a> <a href="http://www.facebook.com/2vijayrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebook.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/2vijayrana" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook</span></a> <a href="http://blog.lpcurry.com/" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/blogger.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://blog.lpcurry.com/" style="color: black; text-decoration: underline;"><span style="color: black;">Blogger</span></a><br /> </p> </div> </div> <img src="https://wisestamp.appspot.com/pixel.png?p=mozilla&v=3.11.21&t=1351505881792&u=4b71d4900c4ca423" height="1" width="1" /></div> </div></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com0tag:blogger.com,1999:blog-3062319299165327624.post-751638136476437862012-10-26T04:26:00.001-07:002012-10-26T04:26:08.707-07:00BPTP launches Visionnaire Villas in Gurgaon<div class='posterous_autopost'> <div class="float" style="clear: both; height: 1px; line-height: 1px;"><div class='p_embed p_image_embed'> <img alt="Pixel" height="1" src="http://getfile9.posterous.com/getfile/files.posterous.com/lpcurry/npDECQvD9qNeqiB27Ta67pnYLNf9xZQMngvLsr7CkrCCqBUjr2HV1Pi4HnNY/pixel.gif" width="1" /> </div> </div> <span style="font-size: 10pt;"> New Delhi: BPTP, one of India's leading real estate companies, has announced the launch of Visionnaire Homes, the first co-branded luxury villas. These bespoke villas are a part of a gated development spread over 48 acres in an integrated township located in the heart of Gurgaon at Sector 70A. </span> <span style="font-size: 10pt;"> Speaking about the launch, Mr. Sandeep Bedi, Director - Systems & Strategy, BPTP, said, "Visionnaire Villas represent the finest luxury living and are a shining example of our dedication to meticulous planning and attention to detail which have made us industry leaders in quality and innovation. Our exclusive collaboration with Italian design gurus IPE Cavalli to create these architectural masterpieces is yet another step towards our goal of becoming the most preferred real estate developer in the country." </span> <span style="font-size: 10pt;"> Nestled in the midst of the Aravallis, Visionnaire Villas are a perfect blend of luxury and exclusivity. These villas offer low density cluster living with excellent connectivity via the Golf Course Extension road, Sohna road and NH- 8. </span> <span style="font-size: 10pt;"> "At BPTP, we are driven by the twin objectives of operational excellence and unparalleled customer experience to create best-in-class and sustainable developments. With the launch of Visionnaire Villas, we are taking the world into the future of urban living and setting a new benchmark in luxury development in the country," Mr Bedi added.<p /> <p /> <p /> Source:- Economics Times</span><small><small><small><small><small><small><small><span class="pubdate"><br /> <big><big>BUREAU</big></big></span><big><big><span class="separator"> </span><span>Oct 23, 2012, 03.21PM IST</span></big></big></small></small></small></small></small></small></small> <p /> <br /> <div> <div style="font-size: 13.3px; font-family: Verdana, Arial, Helvetica, sans-serif;"> <div style="border-top: 1px solid #e5e5e5; padding-top: 0.8em;"> <div style="margin: 0 0 8px 0;"> <p style="margin: 0; margin: 0;"><br /> <span style="color: #3366ff;"><strong><span style="font-size: 11pt; font-family: Century Gothic,sans-serif;">Loans & Property Curry</span></strong></span><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><br /> </span></strong></span><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><span style="color: #800080;"></span> <br /> </span></strong></p> <p style="margin: 0; margin: 0;"><span style="color: #800000;"><em><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></em></span><span style="color: gray;">Get Social!!</span> <a href="http://in.linkedin.com/in/vijaysinghrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/linkedin.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://in.linkedin.com/in/vijaysinghrana" style="color: black; text-decoration: underline;"><span style="color: black;">LinkedIn</span></a> <a href="http://twitter.com/LPCurry" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/twitter.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://twitter.com/LPCurry" style="color: black; text-decoration: underline;"><span style="color: black;">Twitter</span></a> <a href="http://www.facebook.com/lpcurry.page" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebookpage.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/lpcurry.page" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook Page</span></a> <a href="http://www.facebook.com/2vijayrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebook.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/2vijayrana" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook</span></a> <a href="http://blog.lpcurry.com/" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/blogger.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://blog.lpcurry.com/" style="color: black; text-decoration: underline;"><span style="color: black;">Blogger</span></a><br /> </p> </div> </div> <img src="https://wisestamp.appspot.com/pixel.png?p=mozilla&v=3.11.21&t=1351250595619&u=4b71d4900c4ca423" height="1" width="1" /></div> </div></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com0tag:blogger.com,1999:blog-3062319299165327624.post-64956208816405284842012-10-26T03:50:00.001-07:002012-10-26T03:50:59.460-07:00Housing Societies in Delhi welcomed DDA move of high FAR<div class='posterous_autopost'> <p> Massive numbers of co-operative housing societies have welcomed DDA’s notification of high Floor Area Ratio (FAR) for the existing group housing societies. The increased FAR who is from 150-200 applies only to the new construction these societies will consider. A DDA official said,’’ the position for higher FAR in co-operative societies is part of the new master plan. We are getting a lot queries from group housing societies that wanted to make use of the excess FAR. However it was felt that the existing societies cannot be allowed to extend the structure as this would determine the strength of the building and put people live at risk. The only way they can make use of additional FAR is by constructing another block or tower on the premises.</p> <p>There is much such kind of co-operative houses in Delhi’s prominent part which are in dilapidated state. The residents of these societies are working and checking with DDA. With more FAR the three storey buildings will be new storey’s with all amenities including car parking. Also, at times of construction the residents will be relocated at some safe place. The new construction will be under architectural and engineered guidance.</p> <p>One of the DDA official said, the additional FAR is permissible under Master Plan 2021 and the decision was taken by senior officials. To avail higher FAR society member s will have to take permission for demolition of old structure and building the newer ones, complying with regulations of the government or DDA as applicable. The process is lengthy and requires consent of flat owners.<br /> </p> <p><br /> </p> <p><small><small><small><small><br /> </small></small></small></small></p> <p><small><small><small><small><span>Posted:</span> 24 Oct 2012 11:27 PM PDT<br /> By Accommodation Times Bureau</small></small></small></small></p> <div> <div style="font-size: 13.3px; font-family: Verdana, Arial, Helvetica, sans-serif;"> <div style="border-top: 1px solid #e5e5e5; padding-top: 0.8em;"> <div style="margin: 0 0 8px 0;"> <p style="margin: 0; margin: 0;"> <br /> <span style="color: #3366ff;"><strong><span style="font-size: 11pt; font-family: Century Gothic,sans-serif;">Loans & Property Curry</span></strong></span><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><br /> </span></strong></span><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><span style="color: #800080;"></span> <br /> </span></strong></p> <p style="margin: 0; margin: 0;"><span style="color: #800000;"><em><strong></strong></em></span><span style="color: gray;">Get Social!!</span> <a href="http://in.linkedin.com/in/vijaysinghrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/linkedin.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://in.linkedin.com/in/vijaysinghrana" style="color: black; text-decoration: underline;"><span style="color: black;">LinkedIn</span></a> <a href="http://twitter.com/LPCurry" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/twitter.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://twitter.com/LPCurry" style="color: black; text-decoration: underline;"><span style="color: black;">Twitter</span></a> <a href="http://www.facebook.com/lpcurry.page" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebookpage.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/lpcurry.page" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook Page</span></a> <a href="http://www.facebook.com/2vijayrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebook.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/2vijayrana" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook</span></a> <a href="http://blog.lpcurry.com/" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/blogger.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://blog.lpcurry.com/" style="color: black; text-decoration: underline;"><span style="color: black;">Blogger</span></a><br /> </p> </div> </div> <img src="https://wisestamp.appspot.com/pixel.png?p=mozilla&v=3.11.21&t=1351248504203&u=4b71d4900c4ca423" height="1" width="1" /></div> </div></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com0tag:blogger.com,1999:blog-3062319299165327624.post-36161075726588380362012-10-13T05:10:00.001-07:002012-10-13T05:10:44.215-07:00Diwali gift: Excess liquidity may force banks to cut rates<div class='posterous_autopost'> <div class="mod-economictimesarticletextwithadcpc mod-economictimesarticletext mod-articletext"> <div class="mod-economictimesarticletext mod-articletext" style="margin-right: 267px;"> <p> MUMBAI: liquidity in the banking system has improved, bankers say, and this may help interest rates to soften even if the central bank continues with its hawkish stance on policy rates.</p> <p> "There is enough liquidity and capability of raising funds through other sources for banks," federal bank treasury head Ashutosh Khajuria said. Banks are sitting on excess funds of about Rs 4 lakh crore by way of holding excess government bonds, he said. "Many banks are trying to move out of government bonds and get into alternative sources. Going by this trend, banks may continue to look at retail products even after the festive season is over."</p> </div> <p> </p> <p>On Friday, banks parked Rs 20,230 crore with the Reserve Bank of India's reverse repo window, the highest since May 2011. A day earlier, borrowing through the repo window was Rs 6,850 crore.</p> <p> Bank borrowing from the RBI fell to Rs 2,120 crore on September 6, the lowest in this calendar year, from Rs 71,470 crore on August 14.</p> <p> Banks can borrow funds from the RBI's repo window at the repo rate of 8% by pledging government securities, and they can park funds with the RBI at the reverse repo rate, which is 1% lower than the repo rate. Liquidity tends to be surplus when the revere repo rate becomes the operational rate.</p> <p> Lenders on Friday voted in favour of another cut in the cash reserve ratio (CRR), or the proportion of deposits they must keep with the RBI, in the half-yearly monetary policy review due on October 30. Last month, the central bank had reduced CRR by 25 basis points to 4.50%, releasing Rs 17,000 crore into the banking system.</p> <p> Experts, however, are divided on the need for another cut in CRR. "CRR is a tool for managing liquidity and not an interest signalling tool. If the RBI cuts the CRR further, it will be equivalent to a repo rate cut of almost 100 basis points, as the operational policy will shift towards the revere repo rate, that is 7%," said the head of treasury at a private bank. "This may thwart the benefits from the RBI's anti-inflationary monetary actions," he said.</p> <p> Some economists, however, make a case for a CRR cut, citing lower growth in money supply and slowdown in investment-driven growth due to higher lending rate as reasons.</p> <p> "We continue to expect the RBI to cut CRR by 50 basis points to pull down lending rates to support growth," said Indranil Sen Gupta, chief India economist at DSP Merrill Lynch.</p> <p> "After all, growth in money supply (M3 or cash and currencies) at 14% levels is running way below 16%-17% levels warranted by 7.5% growth. Not surprisingly, India is the only BRIC nation where lending rates are at their 2008 peaks. Unless lending rates come off, FY13 growth will find it very difficult to do our 5.6% growth forecast, let alone 6.5%."</p> <p> Rates on money market instruments have also remained soft due to lack of credit pick-up and surplus funds with banks. Rates on three-month commercial paper fell to 8.65% on October 4, the lowest this year, from 9.75%-10% in June.<br /> </p> <div class="mod-economictimesarticlebyline mod-articlebyline"><span class="pubdate"><br /> <small><small><small><br /> Ruchira Roy, ET Bureau</small></small></small></span><small><small><small><span class="separator"> </span></small></small></small><span><small><small><small>Oct 9, 2012, 10.03AM IST</small></small></small><p /> <br /> </span></div> </div> <div> <div style="font-size: 13.3px; font-family: Verdana, Arial, Helvetica, sans-serif;"> <div style="border-top: 1px solid #e5e5e5; padding-top: 0.8em;"> <div style="margin: 0 0 8px 0;"> <p style="margin: 0; margin: 0;"><span style="color: #3366ff;"><strong><span style="font-size: 11pt; font-family: Century Gothic,sans-serif;">Loans & Property Curry</span></strong></span><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><br /> </span></strong></span><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><span style="color: #800080;"></span> <br /> </span></strong></p> <p style="margin: 0; margin: 0;"><span style="color: #800000;"><em><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></em></span></p> <div style="clear: both;"><span style="color: gray;">Get Social!!</span> <a href="http://in.linkedin.com/in/vijaysinghrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/linkedin.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://in.linkedin.com/in/vijaysinghrana" style="color: black; text-decoration: underline;"><span style="color: black;">LinkedIn</span></a> <a href="http://twitter.com/LPCurry" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/twitter.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://twitter.com/LPCurry" style="color: black; text-decoration: underline;"><span style="color: black;">Twitter</span></a> <a href="http://www.facebook.com/lpcurry.page" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebookpage.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/lpcurry.page" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook Page</span></a> <a href="http://www.facebook.com/2vijayrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebook.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/2vijayrana" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook</span></a> <a href="http://blog.lpcurry.com/" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/blogger.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://blog.lpcurry.com/" style="color: black; text-decoration: underline;"><span style="color: black;">Blogger</span></a><br /> </div> </div> </div> <img src="https://wisestamp.appspot.com/pixel.png?p=mozilla&v=3.11.21&t=1350129998733&u=4b71d4900c4ca423" height="1" width="1" /></div> </div></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com6tag:blogger.com,1999:blog-3062319299165327624.post-15858559941934182142012-10-13T05:01:00.001-07:002012-10-13T05:01:08.290-07:00Know these loan facts before going for an under-construction property<div class='posterous_autopost'> With the festive season just around the corner, prospective house buyers are coming back to the market. Builders too are ready to indulge in some gimmicks to catch these prospective buyers' attention.<p /> With property prices remaining sky-high and the interest rates yet to ease significantly, many prospective buyers would be tempted to check out under-construction properties for their cheaper price tags.<p /> Typically, these under-construction properties quote at least 20% lower than the prevailing rates in a locality. Of course, you can check the properties under construction, but do it with open eyes, because apart from the obvious risk of delay (it could even be indefinite in some cases) in construction, you may also get some other financial hiccups if there are long delays.<p /> "The last few years have not been kind to real estate developers. Even some reputed builders are forced to divert money from pre-launch projects to the projects nearing completion," says Shweta Jain, director (residential services) at Cushman & Wakefield.<p /> The delayed possession of the house could exert severe financial pressure on the buyer if he has to pay the EMI as well as the rent at the same time. Moreover, if the project gets stuck or even defaults, the homebuyer is still liable to pay the interest and the principal component of the disbursed amount to the bank.<p /> If you are taking a housing loan to buy an underconstruction property, here are some points you should always remember.<p /> <strong>EMI PAYMENTS ON SANCTIONED LOAN AMOUNT</strong><p /> In an under construction loan, a bank disburses the loan amount in tranches to the builder. However, you may be expected to pay the EMI on the sanctioned loan amount and not the disbursed loan amount.<p /> For instance, if you have taken a loan of Rs 70 lakh and the bank has disbursed only Rs 20 lakh to the builder, you may have to pay an EMI for the entire Rs 70 lakh, which is Rs 67,552 at 10%. "There is a construction risk involved both for the bank as well as the homebuyer. Earlier, banks were promoting pre-EMIs and part-repayment of loans. Now with the increase in risk factors and elongated period of loans, such as 25 years, banks ask for repayment on the whole loan amount," says Harsh Roongta, CEO, Apnapaisa.com.<p /> It makes financial sense to pay the EMI on the sanctioned loan amount, as the principal component of the home loan will be much higher, which will reduce the tenure of the loan. "In the above example, the interest component of the EMI is calculated on the disbursed amount. If the borrower starts paying the full EMI from the first month, the loan will be repaid in 197 month as against 240 months," adds Roongta.<p /> However, borrowers often invest in an underconstruction project with the intention to stagger the loan repayment. This huge EMI outgo from the first month can also be a strain on the pocket, especially if the borrower is doling out a monthly rent over and above the home loan EMI. The borrower would have been better off buying a ready-to-move-in house.<p /> <strong>HIGHER LIABILITY ON YOU IN CASE OF PROJECT DELAY OR DEFAULT</strong><p /> If the project delays or defaults, the liability is on the borrower to pay off the dues. The loan will be settled only after the borrower has paid off the interest and the principal component of the loan amount disbursed to the builder.<p /> Hence you should consider the "track record and reputation" of the developer while buying an underconstruction property. "The risk comes down if the developer is a prominent and trusted one with many timely completed projects and is financially sound to be able to complete and deliver the project without having to rely too much on cash flows generated purely from sales of units in the project," says Shweta Jain of Cushman & Wakefield. This has been a growing concern especially since 2008.<p /> Even some reputed builders are forced to divert money from pre-launch projects to their projects nearing completion. Hence, if you are borrowing up to 70% of the property value, it is better you opt for a project which is close to completion or a ready-to-movein house.<p /> Also, do check if it is already mortgaged with a lender. If the property is already mortgaged with a lender, do insist on a no-objection certificate from the lender before entering into a purchase agreement with the builder. This NOC can act as a good recourse for the home buyer if the developer defaults on his loan.<p /> <strong>NO TAX BENEFITS IN UNDER-CONSTRUCTION PHASE</strong><p /> A home loan borrower can claim tax exemption on interest payments up to Rs 1.5 lakh and another Rs 1 lakh under Section 80 C towards the principal repayment. However, you cannot seek these tax benefits in the pre-construction phase, even if you have started repaying the housing loan. "The Section 24 of the Income Tax Act states that if a property is still to be constructed, there will not be any deduction on the interest payment all of those years. The interest for the pre-construction period can be availed for deduction in five equal installments from the year the construction is complete," says Vaibhav Sankla, director, H&R Block India.<p /> You can avail the tax benefit at the time of filing your income tax returns. The Section 80C allows tax benefit for the amount paid towards the stamp duty and the registration process. "However, the tax rebate on principal repayment may not be allowed when the property is under construction," he adds. If there is a delay in the possession of the property, the tax benefits also get delayed to that extent.<p /> <br /> <big><br /> </big><small><small><small><span class="byline">11 Oct, 2012, 11.06AM IST, <span class="imghov" style=""><span></span></span> <br /> Vidyalaxmi,ET Bureau </span></small></small></small><br /> <div> <div style="font-size: 13.3px; font-family: Verdana, Arial, Helvetica, sans-serif;"> <div style="border-top: 1px solid #e5e5e5; padding-top: 0.8em;"> <div style="margin: 0 0 8px 0;"> <p style="margin: 0; margin: 0;"><p /> <span style="color: #3366ff;"><strong><span style="font-size: 11pt; font-family: Century Gothic,sans-serif;">Loans & Property Curry</span></strong></span><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><br /> </span></strong></span><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><span style="color: #800080;"></span> <br /> </span></strong></p> <p style="margin: 0; margin: 0;"><span style="color: #800000;"><em><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></em></span></p> <div style="clear: both;"><span style="color: gray;">Get Social!!</span> <a href="http://in.linkedin.com/in/vijaysinghrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/linkedin.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://in.linkedin.com/in/vijaysinghrana" style="color: black; text-decoration: underline;"><span style="color: black;">LinkedIn</span></a> <a href="http://twitter.com/LPCurry" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/twitter.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://twitter.com/LPCurry" style="color: black; text-decoration: underline;"><span style="color: black;">Twitter</span></a> <a href="http://www.facebook.com/lpcurry.page" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebookpage.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/lpcurry.page" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook Page</span></a> <a href="http://www.facebook.com/2vijayrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebook.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/2vijayrana" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook</span></a> <a href="http://blog.lpcurry.com/" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/blogger.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://blog.lpcurry.com/" style="color: black; text-decoration: underline;"><span style="color: black;">Blogger</span></a><br /> </div> </div> </div> <img src="https://wisestamp.appspot.com/pixel.png?p=mozilla&v=3.11.21&t=1350129590006&u=4b71d4900c4ca423" height="1" width="1" /></div> </div></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com0tag:blogger.com,1999:blog-3062319299165327624.post-50596083299824080582012-10-08T03:34:00.001-07:002012-10-08T03:34:10.428-07:00Reverse Mortgage Loan: A Benefactor<div class='posterous_autopost'> <p> Getting into old age without proper financial support can be a very bad experience. The rising cost of living, healthcare, other amenities compound the problem significantly. No regular incomes, a dwindling capacity to work and earn livelihood at this age can make life miserable. A constant inflow of income, without any work would be an ideal solution, which can put an end to all such sufferings. But how is it possible?<br /> That is where Reverse Mortgage Loan comes into picture. Most of the people in the senior age groups, either by inheritance or by virtue of building assets have properties in names, but they were not able to convert it into instant and regular income stream due to its illiquid nature. The Union Budget 2007-2008 had a great proposal which introduced the ‘Reverse Mortgage’ scheme.</p> <div style="margin: 0; font-family: Georgia,Helvetica,Arial,Sans-Serif; line-height: 140%; font-size: 13px; color: #000000;"> <p><strong>What is Reverse Mortgage Loan?</strong><br /> A reverse mortgage is a loan that enables senior home owners aged above 60 years to convert part of their home equity in to income without having to sell their home, give up their title to it or make monthly mortgage payments. The National Housing Bank, a subsidiary of the RBI, and a facilitator for home loan finance in India has set some guidelines.<br /> Reverse mortgage is a product is fairly new to India. Dewan Housing Finance was the first institution in the country to come up with its reverse mortgage product-Saks ham. Since then, most leading lending institutions have come up with their own reverse mortgage products. Some of these are State Bank of India, Punjab National Bank, Bank of Baroda, Central Bank of India, Union Bank of India, LIC Housing Finance, Indian Bank, Andhra Bank, Corporation Bank and Canara Bank.</p> <p><strong>Things to be kept in mind before taking a Reverse Mortgage Loan:</strong></p> <ul> <li>The borrower should be the owner of the property with a clear title of the self occupied, self acquired residential property located in India. The residual life of the property should be at least 20 years. He should use the residential property as a permanent primary residence. Reverse mortgage is not available for commercial property.</li> </ul> <ul> <li>The loan amount is based on the market value of the property, age of the borrowers and the prevailing interest rate. The quantum of loan may between 40 per cent of the assessed market value of the property for borrowers in the age group of 60- 65 years and 60% of the assessed market value of the property if the age of the borrower is above 75 years.</li> </ul> <ul> <li>The lender apart from checking the property papers will ensure that the borrower pay all the taxes and charges towards the property up to date and also ensure that the property is maintained in the sale able condition and also check that the property is insured against fire and other perils.</li> </ul> <ul> <li>Both reverse and home equity loan differ in that as with respect to home equity loan the borrower needs to pay through monthly payments, whereas in reverse mortgage he need not pay monthly payments as long as he lives in the house. There are no income qualifications to avail reverse mortgage unlike regular mortgages as borrowers are not needed to pay monthly payments.</li> </ul> <ul> <li>When availing reverse mortgage loan the borrowers should remain independent as reverse mortgage allows them to remain in the house and also retains their ownership. The money they get from reverse mortgage can be utilized for anything they choose say like for meeting day to day expenses or for paying for home improvements or for health care expenses or for repaying any existing debts.</li> </ul> <ul> <li>In a reverse mortgage the borrower can choose to receive the money in one lump sum or by way of monthly/quarterly/bi annual payments.</li> </ul> <ul> <li>As per the present requirement the property in question would be revalued once in five years. The fall in property price would affect the borrower. Every five years, bank may even readjust the loan installments, if it is needed, depending on the market conditions and the loan status.</li> </ul> <ul> <li>If the borrower does not stay for a period of 12 months in his house, or if the borrower fails to keep proper maintenance of the property or if the taxes for the property are not paid then the money may become due and must be paid in full.</li> </ul> <ul> <li>After the time of loan is over, the bank may either, acquire the property and give the remainder to the customer’ heirs or they can pay back and keep the property.</li> </ul> <ul> <li>The reversed mortgaged property can be willed and the legal representative should be willing to take the responsibility of paying the entire loan amount with interest on death of the borrower.</li> </ul> <ul> <li>But if the legal heir or representative does not wish to do so the lender may sell the property mortgaged and recover the loan amount and give the surplus if any to the legal heir.</li> </ul> <ul> <li>The scheme is ideal for some people looking for additional money to support their varied needs at their old age.</li> </ul> <ul> <li>However, there are still some grey areas under Indian context with respect to reverse mortgage and which act as a deterrent for the banks to market the variant very aggressively.</li> </ul> <p>Despite being such a lucrative and beneficial scheme, not many senior citizens have opted for RML in India. The reasons for the model not taking off include emotional attachment with one’s house, real estate price correction, absence of clear guidance against legal complications and inadequate marketing by the PLIs.<br /> With the increasing need of post retirement liquid compensation in India, RML can be viewed as a potential alternative as the scheme is beneficial to both the borrowers and lender simultaneously. It is being projected that, RML is expected to gain popularity with the changing mindset of Indian citizens and increasing need of cash flows in old age. Needless to say that if<br /> more awareness is actually created about the scheme and more robust marketing of the product undertaken by PLIs , this scheme can ameliorate the rundown condition of elderly people in India.<br /> </p> <p><br /> <small><small><small><span>Posted:</span> 04 Oct 2012 12:31 AM PDT<br /> By Accommodation Time Bureau</small></small></small><br /> </p> <div class='p_embed p_image_embed'> <img alt="Infh2kis9ow" height="1" src="http://getfile4.posterous.com/getfile/files.posterous.com/lpcurry/DJoEGBz0k5MBBHo5XrveGhnuCjeVmH4p1dedZ60KZunPVSKtSVvSvj1IKMY5/inFH2kIs9Ow" width="1" /> </div> </div> <div> <div style="font-size: 13.3px; font-family: Verdana, Arial, Helvetica, sans-serif;"> <div style="border-top: 1px solid #e5e5e5; padding-top: 0.8em;"> <div style="margin: 0 0 8px 0;"> <p style="margin: 0; margin: 0;"><p /> <span style="color: #3366ff;"><strong><span style="font-size: 11pt; font-family: Century Gothic,sans-serif;">Loans & Property Curry</span></strong></span><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><br /> </span></strong></span><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><span style="color: #800080;"></span> <br /> </span></strong></p> <p style="margin: 0; margin: 0;"><span style="color: #800000;"><em><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></em></span><span style="color: gray;">Get Social!!</span> <a href="http://in.linkedin.com/in/vijaysinghrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/linkedin.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://in.linkedin.com/in/vijaysinghrana" style="color: black; text-decoration: underline;"><span style="color: black;">LinkedIn</span></a> <a href="http://twitter.com/LPCurry" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/twitter.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://twitter.com/LPCurry" style="color: black; text-decoration: underline;"><span style="color: black;">Twitter</span></a> <a href="http://www.facebook.com/lpcurry.page" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebookpage.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/lpcurry.page" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook Page</span></a> <a href="http://www.facebook.com/2vijayrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebook.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/2vijayrana" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook</span></a> <a href="http://blog.lpcurry.com/" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/blogger.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://blog.lpcurry.com/" style="color: black; text-decoration: underline;"><span style="color: black;">Blogger</span></a><br /> </p> </div> </div> <img src="https://wisestamp.appspot.com/pixel.png?p=mozilla&v=3.11.21&t=1349692320454&u=4b71d4900c4ca423" height="1" width="1" /></div> </div></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com0tag:blogger.com,1999:blog-3062319299165327624.post-54168604966591317872012-10-06T03:02:00.001-07:002012-10-06T03:02:15.385-07:00Housing finance for self-employed bunch<div class='posterous_autopost'> Housing Finance benefit for self-employed individual is a scheme given to people who have low income and could not afford to buy a house. This benefit gives chance to live in a decent place without restraining the budget.<br /> <p> As long as you have the necessary requirements you can apply for housing benefit.<br /> Applying for Housing Benefit<br /> If you want to live in a decent accommodation yet you do not have enough fund to obtain fully furnished house then you should apply for housing benefit. This is not only for employed individual but also for self-employed. All you have to do is to inquire from the concerned agency if you are qualified for such benefit. When you apply for housing benefit you should possess any of the following such as income support,having full time or part time job as well as self-employed.<br /> On the other hand, there are several factors that affect the awarding of the housing benefit to a self-employed individual.<br /> *. The amount of rent that can afford by the applicant.<br /> *. Council tax liability<br /> *. Number of family member including the non-dependents<br /> If you know that you are qualified for housing benefit you should not delay claiming it. The first thing to do is to proceed to the agency and complete the claim form. As much as possible you should show proof of self-employment, proof of income and other requirements asked by the office. If the claimant is self-employed there are other requirements to be submitted before the claim is processed.<br /> Moreover, when applying for housing benefits for self-employed you should ensure to meet the savings required. Likewise, the approval of the claim is based on the savings as well as personal circumstances of the claimant. It is also required to submit the audited business accounts and the self-employed earnings. On the other hand, if the applicant does not have the audited accounts</p> <p>Self employed individuals have created the need for a special category of mortgage loans for self-employed borrowers. While loans for the self-employed have been around for many years, recent streamlining of some programs make the process simpler and safer for self-employed borrowers. Despite the recent tightening of mortgage underwriting overall, the self-employed can still get mortgage loans.<br /> The primary problem that self-employed borrowers face is that while their accountants are experts at reducing tax liabilities by minimizing current net income, underwriters rely on that same net income as a gauge of a self-employed borrower’s earnings. That is great for minimizing your income tax liability but hurts your ability to qualify for a mortgage.<br /> The second major problem for the self-employed is that nearly all mortgage lenders require that borrowers be self-employed for at least two full years. For the lender, this means showing the last two years of tax returns showing two full years of self-employment income. Since most people do not start their business exactly on January 1, what this really means is that you need to be self-employed for two January to December years in order to meet the two year test.<br /> Self-employed individuals are not necessarily more or less of a financial risk than employed borrowers. However, the manner in which borrowers are reviewed by underwriters for loan approvals can often make a self-employed borrower’s financial position look worse than it actually is. In the current mortgage environment, self-employed mortgage borrowers will be required to document every aspect of their business and can expect to have every part of their tax returns and business bank statements reviewed to make sure they are really making the income claimed on their tax return.<br /> </p> <p><br /> </p> <p><br /> </p> <p style="margin: 1em 0 3px 0;"><small><small><small><small> <br /> </small></small></small></small></p> <p><small><small><small><small> <span>Posted:</span> 04 Oct 2012 03:44 AM PDT<br /> By Accommodation Times Bureau</small></small></small></small></p> <p><br /> </p> <div> <div style="font-size: 13.3px; font-family: Verdana, Arial, Helvetica, sans-serif;"> <div style="border-top: 1px solid #e5e5e5; padding-top: 0.8em;"> <div style="margin: 0 0 8px 0;"> <p style="margin: 0; margin: 0;"><span style="color: #3366ff;"><strong><span style="font-size: 11pt; font-family: Century Gothic,sans-serif;">Loans & Property Curry</span></strong></span><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><br /> </span></strong></span><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><span style="color: #800080;"></span> <br /> </span></strong></p> <p style="margin: 0; margin: 0;"><span style="color: #800000;"><em><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></em></span><span style="color: gray;">Get Social!!</span> <a href="http://in.linkedin.com/in/vijaysinghrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/linkedin.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://in.linkedin.com/in/vijaysinghrana" style="color: black; text-decoration: underline;"><span style="color: black;">LinkedIn</span></a> <a href="http://twitter.com/LPCurry" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/twitter.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://twitter.com/LPCurry" style="color: black; text-decoration: underline;"><span style="color: black;">Twitter</span></a> <a href="http://www.facebook.com/lpcurry.page" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebookpage.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/lpcurry.page" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook Page</span></a> <a href="http://www.facebook.com/2vijayrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebook.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/2vijayrana" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook</span></a> <a href="http://blog.lpcurry.com/" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/blogger.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://blog.lpcurry.com/" style="color: black; text-decoration: underline;"><span style="color: black;">Blogger</span></a><br /> </p> </div> </div> <img src="https://wisestamp.appspot.com/pixel.png?p=mozilla&v=3.11.21&t=1349517646921&u=4b71d4900c4ca423" height="1" width="1" /></div> </div></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com0tag:blogger.com,1999:blog-3062319299165327624.post-15499353348860968422012-10-04T01:47:00.001-07:002012-10-04T01:47:08.289-07:00Side effects of the project delay<div class='posterous_autopost'> Before booking a house in an upcoming project, always check the profile of the company who you are<br /> <p> buying it from. Try if by chance the project gets delayed to meet the deadlines, the developer should<br /> pay the interest on that has to be taken in written. Some people give preference to the houses that are<br /> already developed and some give preference to the ones which are about to be developed. The<br /> developer and the buyer both await the date of completion of the project. No buyer will want any delay<br /> from the developer’s side at least after investing the hard earned money. By chance if there is any delay<br /> it will definitively affect the buyer’s pocket. When compared a project is completed on time to the one<br /> which is delayed, one will have to pay extra interest. It affects more to those who stay in rented houses.<br /> Since they have to pay the rent along with the EMI’s of the loan they would have taken. And the fact is<br /> the initial EMI is of the interest on loan until the project is completed.</p> <p>Real Estate Research Company Greycell Communication’s CEO Mr. Vikas Sharma said that generally<br /> when you choose a construction linked plan the banks provide loans in different stages. The first part of<br /> loan is provided when the residential project is being planned. As soon as the development begins the<br /> bank provides another part of the loan. A point to be taken into consideration is that the installments<br /> are to be paid as soon as the first part of the loan is provided. Actually the monthly installments are to<br /> be paid only when the house or flat is ready for possession. Before acquiring the possession of the place,<br /> monthly installments of the loan are suppose to be paid of the amount which the bank has given it to<br /> the developer. The installments of the loan’s principle amount with interest are to be paid only when<br /> the complete amount is provided to the builder by the bank or any housing finance company.</p> <p>If the monthly installments of the loan are taken prior to the completion of the project and there is a<br /> delay in the project, it is definite that the total amount to be paid will increase. Before booking for a new<br /> flat, it should be mutually decided who will pay the amount of interest if there is any delay in the<br /> project. A proper clarification is required on such matters and it should be in written to avoid any<br /> problem.</p> <p>If at all there is a delay in the Construction linked plans, things are messier when the terms and<br /> conditions are verbally decided and not in written. So if possible for a buyer, he should buy a house<br /> which is already built if it fits in the decided budget. And if a buyer is keen on buying a house in an<br /> upcoming project then he should definitely have a check on the company’s history and its reputation in<br /> the market.<br /> </p> <p><br /> </p> <p style="margin: 1em 0 3px 0;"><small><small><small><small> <br /> </small></small></small></small></p> <p><small><small><small><small> <span>Posted:</span> 03 Oct 2012 01:09 AM PDT<br /> By Accommodation Times Bureau<br /> By Vaibhavi Vasant</small></small></small></small></p> <div> <div style="font-size: 13.3px; font-family: Verdana, Arial, Helvetica, sans-serif;"> <div style="border-top: 1px solid #e5e5e5; padding-top: 0.8em;"> <div style="margin: 0 0 8px 0;"> <p style="margin: 0; margin: 0;"> <span style="color: #3366ff;"><strong><span style="font-size: 11pt; font-family: Century Gothic,sans-serif;">Loans & Property Curry</span></strong></span><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><br /> </span></strong></span><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif; color: #003399;"></span><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><span style="color: #800080;"></span> <br /> </span></strong></p> <p style="margin: 0; margin: 0;"><span style="color: #800000;"><em><strong></strong></em></span><span style="color: gray;">Get Social!!</span> <a href="http://in.linkedin.com/in/vijaysinghrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/linkedin.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://in.linkedin.com/in/vijaysinghrana" style="color: black; text-decoration: underline;"><span style="color: black;">LinkedIn</span></a> <a href="http://twitter.com/LPCurry" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/twitter.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://twitter.com/LPCurry" style="color: black; text-decoration: underline;"><span style="color: black;">Twitter</span></a> <a href="http://www.facebook.com/lpcurry.page" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebookpage.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/lpcurry.page" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook Page</span></a> <a href="http://www.facebook.com/2vijayrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebook.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/2vijayrana" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook</span></a> <a href="http://blog.lpcurry.com/" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/blogger.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://blog.lpcurry.com/" style="color: black; text-decoration: underline;"><span style="color: black;">Blogge</span></a></p> </div> </div> </div> </div></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com0tag:blogger.com,1999:blog-3062319299165327624.post-69517861841506004752012-09-22T01:21:00.001-07:002012-09-22T01:21:57.236-07:00Realty turns more expensive<div class='posterous_autopost'> It’s becoming very difficult for the ‘Aam Aadmi’ to cop up with high price rise in Realty. Because of<br /> <p> increase in the rate of lands and increasing costs of land in the major cities of Madhya Pradesh, it’s<br /> an issue of tension for the developers. Currently, cost of constructing per sq. ft. is Rs. 1000 which was<br /> Rs. 850 per sq. ft. earlier. Within a year’s duration, the rates of raw material have increased by 20-25<br /> percent. Henceforth, the demand has decreased in the market.<br /> In both the cities Bhopal and Indore, there has been an unexpected increase in the rates of property<br /> by 50 percent within a year. Experts say that expensive loans are also one more hindrance for the<br /> developers. “Increasing rates of land and raw material is pressurizing on an increment of the cost. Along<br /> with it, liquidity in the market has lessened. Also, the real estate developers have started withdrawing<br /> the projects.” Last year, if a flat’s rate was 16 lacs have increased to 19-20 lacs in the Capital city of<br /> India.<br /> There has been an increment by 20-25 percent in terms of raw material used for construction when<br /> compared to last year. Also, the concrete rate per sq. ft has increased to Rs. 19 from Rs. 16. Similarly,<br /> the rate of a bag of cement has reached around Rs. 290 from Rs. 230.<br /> </p> <p><br /> </p> <p><br /> </p> <p style="margin: 1em 0 3px 0;"><small><small><small> <br /> </small></small></small></p> <p><small><small><small> <span>Posted:</span> 20 Sep 2012 05:35 AM PDT<br /> By Accommodation Times Bureau</small></small></small></p> <p><br /> </p> <div> <div style="font-size: 13.3px; font-family: Verdana, Arial, Helvetica, sans-serif;"> <div style="border-top: 1px solid #e5e5e5; padding-top: 0.8em;"> <div style="margin: 0 0 8px 0;"> <p style="margin: 0; margin: 0;"> <br /> <span style="color: #3366ff;"><strong><span style="font-size: 11pt; font-family: Century Gothic,sans-serif;">Loans & Property Curry</span></strong></span><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><br /> </span></strong></span><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><span style="color: #800080;"></span> <br /> </span></strong></p> <p style="margin: 0; margin: 0;"><span style="color: #800000;"><em></em></span><span style="color: gray;">Get Social!!</span> <a href="http://in.linkedin.com/in/vijaysinghrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/linkedin.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://in.linkedin.com/in/vijaysinghrana" style="color: black; text-decoration: underline;"><span style="color: black;">LinkedIn</span></a> <a href="http://twitter.com/LPCurry" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/twitter.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://twitter.com/LPCurry" style="color: black; text-decoration: underline;"><span style="color: black;">Twitter</span></a> <a href="http://www.facebook.com/lpcurry.page" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebookpage.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/lpcurry.page" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook Page</span></a> <a href="http://www.facebook.com/2vijayrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebook.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/2vijayrana" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook</span></a> <a href="http://blog.lpcurry.com/" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/blogger.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://blog.lpcurry.com/" style="color: black; text-decoration: underline;"><span style="color: black;">Blogger</span></a><br /> </p> </div> </div> <img src="https://wisestamp.appspot.com/pixel.png?p=mozilla&v=3.11.21&t=1348302027456&u=4b71d4900c4ca423" height="1" width="1" /></div> </div></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com0tag:blogger.com,1999:blog-3062319299165327624.post-67153467318619900632012-09-11T04:15:00.001-07:002012-09-11T04:15:39.266-07:00Approval of new norm gets high revenue to GDA<div class='posterous_autopost'> <p>The Ghaziabad Development Authority (GDA) will get a revenue of Rs.1,500 crore once the state government approves its new building laws. These laws allow construction beyond the FAR (floor area ratio) limit of some charge.<br /> The amount will be collected by imposing fine on those who have already violated the construction norms. In a recent held meeting the authority proposed certain amendments, these amendments would definetely benefit group and plotted development. It will also provide flexibility in synthezize schedule for constructions completion.<br /> </p> <p><br /> </p> <p><small><small><small><br /> </small></small></small></p> <p><small><small><small><span>Posted:</span> 08 Sep 2012 06:23 AM PDT<br /> By Accommodation Time<br /> </small></small></small></p> <div> <div style="font-size: 13.3px; font-family: Verdana, Arial, Helvetica, sans-serif;"> <div style="border-top: 1px solid #e5e5e5; padding-top: 0.8em;"> <div style="margin: 0 0 8px 0;"> <p style="margin: 0; margin: 0;"> <br /> <span style="color: #3366ff;"><strong><span style="font-size: 11pt; font-family: Century Gothic,sans-serif;">Loans & Property Curry</span></strong></span><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><br /> </span></strong></span><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><span style="color: #800080;"></span> <br /> </span></strong></p> <p style="margin: 0; margin: 0;"><span style="color: #800000;"><em><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></em></span><span style="color: gray;">Get Social!!</span> <a href="http://in.linkedin.com/in/vijaysinghrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/linkedin.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://in.linkedin.com/in/vijaysinghrana" style="color: black; text-decoration: underline;"><span style="color: black;">LinkedIn</span></a> <a href="http://twitter.com/LPCurry" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/twitter.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://twitter.com/LPCurry" style="color: black; text-decoration: underline;"><span style="color: black;">Twitter</span></a> <a href="http://www.facebook.com/lpcurry.page" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebookpage.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/lpcurry.page" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook Page</span></a> <a href="http://www.facebook.com/2vijayrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebook.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/2vijayrana" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook</span></a> <a href="http://blog.lpcurry.com/" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/blogger.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://blog.lpcurry.com/" style="color: black; text-decoration: underline;"><span style="color: black;">Blogger</span></a><br /> </p> </div> </div> <img src="https://wisestamp.appspot.com/pixel.png?p=mozilla&v=3.11.21&t=1347360151343&u=4b71d4900c4ca423" height="1" width="1" /></div> </div></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com0tag:blogger.com,1999:blog-3062319299165327624.post-90410129242114483012012-09-11T03:51:00.001-07:002012-09-11T03:51:55.831-07:00FAR increase: property price decrease<div class='posterous_autopost'> <p>The growing population is one of the reason of the increase in the property price as it leaves no space. Looking at the current scenario the Urban Development Department(UDD) has decided to increase the Floor Area Ratio(FAR). The ministry in master plan of 2021 has proposed this schemes. Cities like abroad have FAR of 15 wheares here in Delhi and Mumbai it somewhere 1.2.<br /> </p> <p><br /> </p> <p><br /> </p> <p><br /> </p> <p style="margin: 1em 0 3px 0;"> <br /> </p> <p> <p /> </p> <p><br /> <small><small><span>Posted:</span> 08 Sep 2012 06:27 AM PDT</small></small><br /> </p> <div> <div style="font-size: 13.3px; font-family: Verdana, Arial, Helvetica, sans-serif;"> <div style="border-top: 1px solid #e5e5e5; padding-top: 0.8em;"> <div style="margin: 0 0 8px 0;"> <p style="margin: 0; margin: 0;"><span style="color: #3366ff;"><strong><span style="font-size: 11pt; font-family: Century Gothic,sans-serif;">Loans & Property Curry</span></strong></span><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><br /> </span></strong></span><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><span style="color: #800080;"></span> <br /> </span></strong></p> <p style="margin: 0; margin: 0;"><span style="color: #800000;"><em><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></em></span><span style="color: gray;">Get Social!!</span> <a href="http://in.linkedin.com/in/vijaysinghrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/linkedin.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://in.linkedin.com/in/vijaysinghrana" style="color: black; text-decoration: underline;"><span style="color: black;">LinkedIn</span></a> <a href="http://twitter.com/LPCurry" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/twitter.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://twitter.com/LPCurry" style="color: black; text-decoration: underline;"><span style="color: black;">Twitter</span></a> <a href="http://www.facebook.com/lpcurry.page" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebookpage.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/lpcurry.page" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook Page</span></a> <a href="http://www.facebook.com/2vijayrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebook.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/2vijayrana" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook</span></a> <a href="http://blog.lpcurry.com/" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/blogger.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://blog.lpcurry.com/" style="color: black; text-decoration: underline;"><span style="color: black;">Blogger</span></a><br /> </p> </div> </div> <img src="https://wisestamp.appspot.com/pixel.png?p=mozilla&v=3.11.21&t=1347360261111&u=4b71d4900c4ca423" height="1" width="1" /></div> </div></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com0tag:blogger.com,1999:blog-3062319299165327624.post-1561411332038326482012-09-11T03:41:00.001-07:002012-09-11T03:41:11.871-07:00No room for price cut:Builders<div class='posterous_autopost'> Real estate developers are in no mood to follow finance minister call. Recently P.Chidambaram made point through bankers to developers to sell the unsold inventory at a lower price.<br /> <p> Arguing the point, builders do onot want to reduce the prices as they do not have margins, given the increasing input costs, high interest rates and taxes. Low margins is not leaving them with space. Giving the ample of reasons developers say that today input cost inflation, the margins is only about 10-15% down. There are lot of other factors like the price of cement has gone high, labour wages has also increased, steel prices have gone high contributing in for high price, interest rates are gone high.<br /> Contrary to this analyst points out, that if developers want they could reduce prices atleast by 10%. According to report Mumbai alone has unsold 80,000 homes worth Rs. 70,000 crores. This shows that buyers are waiting for developers to reduce property prices which has risen 30% over last year.<br /> Looking at all above aspects it can only stated that real estate market is very volatile.<br /> </p> <div style="margin: 0; font-family: Georgia,Helvetica,Arial,Sans-Serif; line-height: 140%; font-size: 13px; color: #000000;"> <p><br /> </p> <p><small><br /> </small></p> <p><small><span>Posted:</span> 06 Sep 2012 11:21 PM PDT</small></p> <p><br /> </p> <p><div class='p_embed p_image_embed'> <img alt="Gakkuiwkmhi" height="1" src="http://getfile4.posterous.com/getfile/files.posterous.com/lpcurry/S2N8aV9n2EWoOSkDIWrbqyjBdgaUt62k7uDEw8PXuCYqb9AkhHOIP0VrhuwC/gaKkUIWkmhI" width="1" /> </div> </p> </div> <div> <div style="font-size: 13.3px; font-family: Verdana, Arial, Helvetica, sans-serif;"> <div style="border-top: 1px solid #e5e5e5; padding-top: 0.8em;"> <div style="margin: 0 0 8px 0;"> <p style="margin: 0; margin: 0;"><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></span><span style="color: #3366ff;"><strong><span style="font-size: 11pt; font-family: Century Gothic,sans-serif;">Loans & Property Curry</span></strong></span><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><br /> </span></strong></span><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><span style="color: #800080;"></span> <br /> </span></strong></p> <p style="margin: 0; margin: 0;"><span style="color: #800000;"><em><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></em></span><span style="color: gray;">Get Social!!</span> <a href="http://in.linkedin.com/in/vijaysinghrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/linkedin.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://in.linkedin.com/in/vijaysinghrana" style="color: black; text-decoration: underline;"><span style="color: black;">LinkedIn</span></a> <a href="http://twitter.com/LPCurry" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/twitter.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://twitter.com/LPCurry" style="color: black; text-decoration: underline;"><span style="color: black;">Twitter</span></a> <a href="http://www.facebook.com/lpcurry.page" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebookpage.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/lpcurry.page" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook Page</span></a> <a href="http://www.facebook.com/2vijayrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebook.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/2vijayrana" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook</span></a> <a href="http://blog.lpcurry.com/" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/blogger.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://blog.lpcurry.com/" style="color: black; text-decoration: underline;"><span style="color: black;">Blogger</span></a><br /> </p> </div> </div> <img src="https://wisestamp.appspot.com/pixel.png?p=mozilla&v=3.11.21&t=1347359956447&u=4b71d4900c4ca423" height="1" width="1" /></div> </div></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com0tag:blogger.com,1999:blog-3062319299165327624.post-8342946902888130732012-09-07T13:23:00.001-07:002012-09-07T13:23:56.375-07:0015 K Crore FDI Inflow in Real Estate last financial year<div class='posterous_autopost'> <table border="0" width="100%"> <tr> <td align="center"> <p>FDI inflow</p> </td> </tr> <tr> <td><strong> </strong> <p><strong> </strong></p> <p><span style="text-decoration: underline;"> </span></p> <p>Government is constantly making efforts to attract foreign investment and has taken various initiatives with respect to labour intensive sectors.</p> <p>According to the UNCTAD’s World Investment Report, 2012, FDI inflows, amounting to US $ 684399 million, were received in developing economies of the world during 2011, of which India received 4.6%. Foreign Direct Investment (FDI) inflows, in respect of some of the developing economies, including India, during 2011, were as under:</p> <table border="1"> <tr> <td valign="bottom" width="254"><strong>DEVELOPING ECONOMIES</strong></td> <td valign="top" width="182">2011 US$ (million)</td> <td valign="top" width="176">Rank among Developing Countries</td> </tr> <tr> <td valign="bottom" width="254">China</td> <td valign="top" width="182">123985</td> <td valign="top" width="176">1</td> </tr> <tr> <td valign="bottom" width="254">Hong Kong, China</td> <td valign="top" width="182">83156</td> <td valign="top" width="176">2</td> </tr> <tr> <td valign="bottom" width="254">Brazil</td> <td valign="top" width="182">66660</td> <td valign="top" width="176">3</td> </tr> <tr> <td valign="bottom" width="254">Singapore</td> <td valign="top" width="182">64003</td> <td valign="top" width="176">4</td> </tr> <tr> <td valign="bottom" width="254">British Virgin Islands</td> <td valign="top" width="182">53717</td> <td valign="top" width="176">5</td> </tr> <tr> <td valign="bottom" width="254">India</td> <td valign="top" width="182">31554</td> <td valign="top" width="176">6</td> </tr> <tr> <td valign="bottom" width="254">Mexico</td> <td valign="top" width="182">19554</td> <td valign="top" width="176">7</td> </tr> <tr> <td valign="bottom" width="254">Indonesia</td> <td valign="top" width="182">18906</td> <td valign="top" width="176">8</td> </tr> <tr> <td valign="bottom" width="254">Chile</td> <td valign="top" width="182">17299</td> <td valign="top" width="176">9</td> </tr> </table> <p><strong> </strong></p> <p>The FDI equity inflows, during the last three financial years, as per the data maintained by Department of Industrial Policy & Promotion, are as under:</p> <table border="1" width="94%"> <tr> <td valign="top" width="5%"><em>Sl</em><em>No</em></td> <td valign="top" width="29%"><em>Year</em> (Apr-Mar)<em> </em></td> <td valign="top"><em>FDI (Rscrore)</em></td> <td valign="top" width="31%"><em>FDI (US$ million)</em></td> </tr> <tr> <td valign="top" width="5%">1</td> <td valign="top" width="29%">2009-10</td> <td valign="top">123,119.65</td> <td valign="top" width="31%">25,834.41</td> </tr> <tr> <td valign="top" width="5%">2</td> <td valign="top" width="29%">2010-11</td> <td valign="top">88,519.53</td> <td valign="top" width="31%">19,426.93</td> </tr> <tr> <td valign="top" width="5%">3</td> <td valign="top" width="29%">2011-12</td> <td valign="top">173,946.39</td> <td valign="top" width="31%">36,504.28</td> </tr> </table> <p>A statement of FDI equity inflows, country wise and sector-wise, during the last three years, is at Annexure.</p> <p>Foreign Direct Investment (FDI) policy is reviewed on an ongoing basis, with a view to making it more investor friendly. Government has put in place an investor-friendly policy on FDI, under which FDI, up to 100%, is permitted, under the automatic route, in most sectors/activities. Significant changes have been made in the FDI policy regime in the recent times, to ensure that India remains increasingly attractive and investor-friendly.</p> <p>Government plays an active role in investment promotion, through dissemination of information on the investment climate and opportunities in India and by advising prospective investors about investment policies and procedures and opportunities. International Cooperation for industrial partnerships is solicited both through bilateral and multilateral arrangements. It also coordinates with apex industry associations, such as FICCI, CII and ASSOCHAM, in their activities relating to promotion of industrial cooperation, both through bilateral and multilateral initiatives intended to stimulate inflow of foreign direct investment into India.</p> <p>The Government has also set up ‘Invest India’, a joint venture company between the Department of Industrial Policy & Promotion and FICCI, as a not-for-profit, single window facilitator, for prospective overseas investors and to act as a structured mechanism to attract investment.</p> <p>No targets were fixed for FDI inflows.</p> <p><strong><span style="text-decoration: underline;">ANNEXURE</span></strong></p> <p><strong><span style="text-decoration: underline;"> </span></strong></p> <p><strong><span style="text-decoration: underline;">STATEMENT REFERRED TO IN REPLY TO PART (e) OF THE LOK SABHA UNSTARRED QUESTION NO. 3672 FOR ANSWER ON 03.09.2012 REGARDING FDI INFLOW.</span></strong></p> <p><strong><span style="text-decoration: underline;"> </span></strong></p> <p><strong>SECTOR-WISE FDI EQUITY INFLOWS<br /> FROM APRIL 2009 TO MARCH 2012</strong></p> <p><strong><em>(Amount in Rs crore & US$ million)</em></strong></p> <table border="1" width="103%"> <tr> <td valign="top" width="4%"><strong><em>Sl</em></strong><strong><em>No</em></strong><em> </em></td> <td valign="top" width="34%"><strong><em>Country</em></strong><em> </em></td> <td valign="top" width="19%" colspan="2"><strong><em>2009-10<br /> Apr-Mar</em></strong><em> </em></td> <td valign="top" width="18%" colspan="2"><strong><em>2010-11<br /> </em></strong><strong><em>Apr-Mar</em></strong></td> <td valign="top" width="21%" colspan="2"><strong><em>2011-12<br /> </em></strong><strong><em>Apr-Mar</em></strong></td> </tr> <tr> <td valign="top" width="4%"><em> </em><br /> </td> <td valign="top" width="34%"><em> </em><br /> </td> <td valign="top" width="9%"><strong><em>Rs</em></strong><em> </em></td> <td valign="top" width="9%"><strong><em>US$</em></strong><em> </em></td> <td valign="top" width="8%"><strong><em>Rs</em></strong><em> </em></td> <td valign="top" width="9%"><strong><em>US$</em></strong><em> </em></td> <td valign="top" width="9%"><strong><em>Rs</em></strong><em> </em></td> <td valign="top" width="11%"><strong><em>US$</em></strong><em> </em></td> </tr> <tr> <td valign="top" width="4%">1</td> <td valign="top" width="34%">METALLURGICAL INDUSTRIES</td> <td valign="top" width="9%">1,999.30</td> <td valign="top" width="9%">419.88</td> <td valign="top" width="8%">5,023.34</td> <td valign="top" width="9%">1,098.14</td> <td valign="top" width="9%">8,348.49</td> <td valign="top" width="11%">1,786.14</td> </tr> <tr> <td valign="top" width="4%">2</td> <td valign="top" width="34%">MINING</td> <td valign="top" width="9%">829.92</td> <td valign="top" width="9%">174.40</td> <td valign="top" width="8%">357.42</td> <td valign="top" width="9%">79.51</td> <td valign="top" width="9%">644.73</td> <td valign="top" width="11%">142.65</td> </tr> <tr> <td valign="top" width="4%">3</td> <td valign="top" width="34%">POWER</td> <td valign="top" width="9%">6,138.32</td> <td valign="top" width="9%">1,271.79</td> <td valign="top" width="8%">5,796.22</td> <td valign="top" width="9%">1,271.77</td> <td valign="top" width="9%">7,677.74</td> <td valign="top" width="11%">1,652.38</td> </tr> <tr> <td valign="top" width="4%">4</td> <td valign="top" width="34%">NON-CONVENTIONAL ENERGY</td> <td valign="top" width="9%">2,872.41</td> <td valign="top" width="9%">622.52</td> <td valign="top" width="8%">977.71</td> <td valign="top" width="9%">214.40</td> <td valign="top" width="9%">2,197.50</td> <td valign="top" width="11%">452.17</td> </tr> <tr> <td valign="top" width="4%">5</td> <td valign="top" width="34%">PETROLEUM & NATURAL GAS</td> <td valign="top" width="9%">1,296.90</td> <td valign="top" width="9%">265.53</td> <td valign="top" width="8%">2,543.14</td> <td valign="top" width="9%">556.43</td> <td valign="top" width="9%">9,955.17</td> <td valign="top" width="11%">1,991.35</td> </tr> <tr> <td valign="top" width="4%">6</td> <td valign="top" width="34%">BOILERS AND STEAM GENERATING PLANTS</td> <td valign="top" width="9%">18.48</td> <td valign="top" width="9%">3.96</td> <td valign="top" width="8%">2.87</td> <td valign="top" width="9%">0.63</td> <td valign="top" width="9%">156.64</td> <td valign="top" width="11%">31.79</td> </tr> <tr> <td valign="top" width="4%">7</td> <td valign="top" width="34%">PRIME MOVER (OTHER THAN ELECTRICAL GENERATORS)</td> <td valign="top" width="9%">182.99</td> <td valign="top" width="9%">39.50</td> <td valign="top" width="8%">758.13</td> <td valign="top" width="9%">166.44</td> <td valign="top" width="9%">1,548.86</td> <td valign="top" width="11%">313.75</td> </tr> <tr> <td valign="top" width="4%">8</td> <td valign="top" width="34%">ELECTRICAL EQUIPMENTS</td> <td valign="top" width="9%">3,484.32</td> <td valign="top" width="9%">728.27</td> <td valign="top" width="8%">698.85</td> <td valign="top" width="9%">153.90</td> <td valign="top" width="9%">2,659.60</td> <td valign="top" width="11%">566.39</td> </tr> <tr> <td valign="top" width="4%">9</td> <td valign="top" width="34%">COMPUTER SOFTWARE & HARDWARE</td> <td valign="top" width="9%">4,126.76</td> <td valign="top" width="9%">871.86</td> <td valign="top" width="8%">3,551.24</td> <td valign="top" width="9%">779.81</td> <td valign="top" width="9%">3,803.77</td> <td valign="top" width="11%">796.35</td> </tr> <tr> <td valign="top" width="4%">10</td> <td valign="top" width="34%">ELECTRONICS</td> <td valign="top" width="9%">246.73</td> <td valign="top" width="9%">52.14</td> <td valign="top" width="8%">274.75</td> <td valign="top" width="9%">59.72</td> <td valign="top" width="9%">887.92</td> <td valign="top" width="11%">194.41</td> </tr> <tr> <td valign="top" width="4%">11</td> <td valign="top" width="34%">TELECOMMUNICATIONS</td> <td valign="top" width="9%">12,269.66</td> <td valign="top" width="9%">2,539.26</td> <td valign="top" width="8%">7,542.04</td> <td valign="top" width="9%">1,664.50</td> <td valign="top" width="9%">9,011.53</td> <td valign="top" width="11%">1,997.24</td> </tr> <tr> <td valign="top" width="4%">12</td> <td valign="top" width="34%">INFORMATION & BROADCASTING (INCLUDING PRINT MEDIA)</td> <td valign="top" width="9%">2,340.55</td> <td valign="top" width="9%">490.83</td> <td valign="top" width="8%">1,887.17</td> <td valign="top" width="9%">412.11</td> <td valign="top" width="9%">3,264.09</td> <td valign="top" width="11%">675.96</td> </tr> <tr> <td valign="top" width="4%">13</td> <td valign="top" width="34%">AUTOMOBILE INDUSTRY</td> <td valign="top" width="9%">5,892.61</td> <td valign="top" width="9%">1,236.27</td> <td valign="top" width="8%">5,864.18</td> <td valign="top" width="9%">1,299.41</td> <td valign="top" width="9%">4,346.77</td> <td valign="top" width="11%">922.99</td> </tr> <tr> <td valign="top" width="4%">14</td> <td valign="top" width="34%">AIR TRANSPORT (INCLUDING AIR FREIGHT)</td> <td valign="top" width="9%">111.47</td> <td valign="top" width="9%">23.73</td> <td valign="top" width="8%">620.83</td> <td valign="top" width="9%">136.60</td> <td valign="top" width="9%">145.71</td> <td valign="top" width="11%">31.22</td> </tr> <tr> <td valign="top" width="4%">15</td> <td valign="top" width="34%">SEA TRANSPORT</td> <td valign="top" width="9%">1,343.58</td> <td valign="top" width="9%">284.85</td> <td valign="top" width="8%">1,370.27</td> <td valign="top" width="9%">300.51</td> <td valign="top" width="9%">594.71</td> <td valign="top" width="11%">129.36</td> </tr> <tr> <td valign="top" width="4%">16</td> <td valign="top" width="34%">PORTS</td> <td valign="top" width="9%">304.61</td> <td valign="top" width="9%">65.41</td> <td valign="top" width="8%">49.84</td> <td valign="top" width="9%">10.92</td> <td valign="top" width="9%">0.02</td> <td valign="top" width="11%">0.00</td> </tr> <tr> <td valign="top" width="4%">17</td> <td valign="top" width="34%">RAILWAY RELATED COMPONENTS</td> <td valign="top" width="9%">160.27</td> <td valign="top" width="9%">34.43</td> <td valign="top" width="8%">318.50</td> <td valign="top" width="9%">70.66</td> <td valign="top" width="9%">199.01</td> <td valign="top" width="11%">42.27</td> </tr> <tr> <td valign="top" width="4%">18</td> <td valign="top" width="34%">INDUSTRIAL MACHINERY</td> <td valign="top" width="9%">1,594.83</td> <td valign="top" width="9%">341.88</td> <td valign="top" width="8%">2,109.07</td> <td valign="top" width="9%">467.92</td> <td valign="top" width="9%">2,934.87</td> <td valign="top" width="11%">620.66</td> </tr> <tr> <td valign="top" width="4%">19</td> <td valign="top" width="34%">MACHINE TOOLS</td> <td valign="top" width="9%">640.06</td> <td valign="top" width="9%">133.83</td> <td valign="top" width="8%">53.01</td> <td valign="top" width="9%">11.63</td> <td valign="top" width="9%">616.25</td> <td valign="top" width="11%">127.87</td> </tr> <tr> <td valign="top" width="4%">20</td> <td valign="top" width="34%">AGRICULTURAL MACHINERY</td> <td valign="top" width="9%">8.70</td> <td valign="top" width="9%">1.88</td> <td valign="top" width="8%">2.21</td> <td valign="top" width="9%">0.49</td> <td valign="top" width="9%">12.72</td> <td valign="top" width="11%">2.77</td> </tr> <tr> <td valign="top" width="4%">21</td> <td valign="top" width="34%">EARTH-MOVING MACHINERY</td> <td valign="top" width="9%">75.69</td> <td valign="top" width="9%">15.62</td> <td valign="top" width="8%">8.12</td> <td valign="top" width="9%">1.77</td> <td valign="top" width="9%">75.09</td> <td valign="top" width="11%">16.40</td> </tr> <tr> <td valign="top" width="4%">22</td> <td valign="top" width="34%">MISCELLANEOUS MECHANICAL & ENGINEERING INDUSTRIES</td> <td valign="top" width="9%">725.18</td> <td valign="top" width="9%">149.59</td> <td valign="top" width="8%">493.96</td> <td valign="top" width="9%">108.67</td> <td valign="top" width="9%">5,861.61</td> <td valign="top" width="11%">1,295.34</td> </tr> <tr> <td valign="top" width="4%">23</td> <td valign="top" width="34%">COMMERCIAL, OFFICE & HOUSEHOLD EQUIPMENTS</td> <td valign="top" width="9%">371.28</td> <td valign="top" width="9%">78.98</td> <td valign="top" width="8%">115.14</td> <td valign="top" width="9%">25.12</td> <td valign="top" width="9%">138.15</td> <td valign="top" width="11%">29.04</td> </tr> <tr> <td valign="top" width="4%">24</td> <td valign="top" width="34%">MEDICAL AND SURGICAL APPLIANCES</td> <td valign="top" width="9%">789.51</td> <td valign="top" width="9%">167.35</td> <td valign="top" width="8%">146.66</td> <td valign="top" width="9%">32.22</td> <td valign="top" width="9%">698.41</td> <td valign="top" width="11%">141.61</td> </tr> <tr> <td valign="top" width="4%">25</td> <td valign="top" width="34%">INDUSTRIAL INSTRUMENTS</td> <td valign="top" width="9%">36.85</td> <td valign="top" width="9%">7.61</td> <td valign="top" width="8%">115.55</td> <td valign="top" width="9%">25.48</td> <td valign="top" width="9%">17.79</td> <td valign="top" width="11%">3.99</td> </tr> <tr> <td valign="top" width="4%">26</td> <td valign="top" width="34%">SCIENTIFIC INSTRUMENTS</td> <td valign="top" width="9%">0.01</td> <td valign="top" width="9%">0.00</td> <td valign="top" width="8%">11.16</td> <td valign="top" width="9%">2.49</td> <td valign="top" width="9%">34.47</td> <td valign="top" width="11%">7.08</td> </tr> <tr> <td valign="top" width="4%">27</td> <td valign="top" width="34%">MATHEMATICAL,SURVEYING AND DRAWING INSTRUMENTS</td> <td valign="top" width="9%">0.01</td> <td valign="top" width="9%">0.00</td> <td valign="top" width="8%">0.00</td> <td valign="top" width="9%">0.00</td> <td valign="top" width="9%">0.00</td> <td valign="top" width="11%">0.00</td> </tr> <tr> <td valign="top" width="4%">28</td> <td valign="top" width="34%">FERTILIZERS</td> <td valign="top" width="9%">38.46</td> <td valign="top" width="9%">8.20</td> <td valign="top" width="8%">83.77</td> <td valign="top" width="9%">18.18</td> <td valign="top" width="9%">160.71</td> <td valign="top" width="11%">32.60</td> </tr> <tr> <td valign="top" width="4%">29</td> <td valign="top" width="34%">CHEMICALS (OTHER THAN FERTILIZERS)</td> <td valign="top" width="9%">1,726.24</td> <td valign="top" width="9%">365.94</td> <td valign="top" width="8%">1,811.53</td> <td valign="top" width="9%">398.28</td> <td valign="top" width="9%">27,222.80</td> <td valign="top" width="11%">5,462.82</td> </tr> <tr> <td valign="top" width="4%">30</td> <td valign="top" width="34%">PHOTOGRAPHIC RAW FILM AND PAPER</td> <td valign="top" width="9%">0.01</td> <td valign="top" width="9%">0.00</td> <td valign="top" width="8%">3.60</td> <td valign="top" width="9%">0.81</td> <td valign="top" width="9%">0.00</td> <td valign="top" width="11%">0.00</td> </tr> <tr> <td valign="top" width="4%">31</td> <td valign="top" width="34%">DYE-STUFFS</td> <td valign="top" width="9%">19.53</td> <td valign="top" width="9%">4.02</td> <td valign="top" width="8%">24.25</td> <td valign="top" width="9%">5.37</td> <td valign="top" width="9%">2.90</td> <td valign="top" width="11%">0.58</td> </tr> <tr> <td valign="top" width="4%">32</td> <td valign="top" width="34%">DRUGS & PHARMACEUTICALS</td> <td valign="top" width="9%">1,006.29</td> <td valign="top" width="9%">213.08</td> <td valign="top" width="8%">961.09</td> <td valign="top" width="9%">209.38</td> <td valign="top" width="9%">14,605.03</td> <td valign="top" width="11%">3,232.28</td> </tr> <tr> <td valign="top" width="4%">33</td> <td valign="top" width="34%">TEXTILES (INCLUDING DYED,PRINTED)</td> <td valign="top" width="9%">714.82</td> <td valign="top" width="9%">150.27</td> <td valign="top" width="8%">588.95</td> <td valign="top" width="9%">129.65</td> <td valign="top" width="9%">804.50</td> <td valign="top" width="11%">164.19</td> </tr> <tr> <td valign="top" width="4%">34</td> <td valign="top" width="34%">PAPER AND PULP (INCLUDING PAPER PRODUCTS)</td> <td valign="top" width="9%">76.39</td> <td valign="top" width="9%">16.42</td> <td valign="top" width="8%">30.15</td> <td valign="top" width="9%">6.53</td> <td valign="top" width="9%">2,055.28</td> <td valign="top" width="11%">407.35</td> </tr> <tr> <td valign="top" width="4%">35</td> <td valign="top" width="34%">SUGAR</td> <td valign="top" width="9%">0.48</td> <td valign="top" width="9%">0.10</td> <td valign="top" width="8%">0.79</td> <td valign="top" width="9%">0.17</td> <td valign="top" width="9%">19.95</td> <td valign="top" width="11%">4.44</td> </tr> <tr> <td valign="top" width="4%">36</td> <td valign="top" width="34%">FERMENTATION INDUSTRIES</td> <td valign="top" width="9%">536.70</td> <td valign="top" width="9%">112.02</td> <td valign="top" width="8%">262.28</td> <td valign="top" width="9%">57.71</td> <td valign="top" width="9%">335.50</td> <td valign="top" width="11%">69.70</td> </tr> <tr> <td valign="top" width="4%">37</td> <td valign="top" width="34%">FOOD PROCESSING INDUSTRIES</td> <td valign="top" width="9%">1,314.23</td> <td valign="top" width="9%">278.89</td> <td valign="top" width="8%">858.03</td> <td valign="top" width="9%">188.67</td> <td valign="top" width="9%">826.16</td> <td valign="top" width="11%">170.21</td> </tr> <tr> <td valign="top" width="4%">38</td> <td valign="top" width="34%">VEGETABLE OILS AND VANASPATI</td> <td valign="top" width="9%">338.09</td> <td valign="top" width="9%">69.74</td> <td valign="top" width="8%">267.35</td> <td valign="top" width="9%">58.07</td> <td valign="top" width="9%">318.26</td> <td valign="top" width="11%">65.02</td> </tr> <tr> <td valign="top" width="4%">39</td> <td valign="top" width="34%">SOAPS, COSMETICS & TOILET PREPARATIONS</td> <td valign="top" width="9%">117.27</td> <td valign="top" width="9%">24.58</td> <td valign="top" width="8%">463.98</td> <td valign="top" width="9%">102.90</td> <td valign="top" width="9%">1,113.76</td> <td valign="top" width="11%">222.08</td> </tr> <tr> <td valign="top" width="4%">40</td> <td valign="top" width="34%">RUBBER GOODS</td> <td valign="top" width="9%">114.62</td> <td valign="top" width="9%">24.12</td> <td valign="top" width="8%">78.71</td> <td valign="top" width="9%">17.21</td> <td valign="top" width="9%">899.76</td> <td valign="top" width="11%">187.37</td> </tr> <tr> <td valign="top" width="4%">41</td> <td valign="top" width="34%">LEATHER,LEATHER GOODS AND PICKERS</td> <td valign="top" width="9%">23.71</td> <td valign="top" width="9%">5.06</td> <td valign="top" width="8%">42.10</td> <td valign="top" width="9%">9.26</td> <td valign="top" width="9%">38.90</td> <td valign="top" width="11%">8.30</td> </tr> <tr> <td valign="top" width="4%">42</td> <td valign="top" width="34%">GLUE AND GELATIN</td> <td valign="top" width="9%">1.26</td> <td valign="top" width="9%">0.27</td> <td valign="top" width="8%">0.04</td> <td valign="top" width="9%">0.01</td> <td valign="top" width="9%">30.68</td> <td valign="top" width="11%">5.84</td> </tr> <tr> <td valign="top" width="4%">43</td> <td valign="top" width="34%">GLASS</td> <td valign="top" width="9%">13.28</td> <td valign="top" width="9%">2.83</td> <td valign="top" width="8%">35.48</td> <td valign="top" width="9%">7.60</td> <td valign="top" width="9%">155.65</td> <td valign="top" width="11%">32.22</td> </tr> <tr> <td valign="top" width="4%">44</td> <td valign="top" width="34%">CERAMICS</td> <td valign="top" width="9%">33.60</td> <td valign="top" width="9%">7.21</td> <td valign="top" width="8%">54.06</td> <td valign="top" width="9%">12.00</td> <td valign="top" width="9%">45.22</td> <td valign="top" width="11%">9.87</td> </tr> <tr> <td valign="top" width="4%">45</td> <td valign="top" width="34%">CEMENT AND GYPSUM PRODUCTS</td> <td valign="top" width="9%">159.07</td> <td valign="top" width="9%">33.80</td> <td valign="top" width="8%">2,911.03</td> <td valign="top" width="9%">637.68</td> <td valign="top" width="9%">1,294.90</td> <td valign="top" width="11%">267.90</td> </tr> <tr> <td valign="top" width="4%">46</td> <td valign="top" width="34%">TIMBER PRODUCTS</td> <td valign="top" width="9%">30.62</td> <td valign="top" width="9%">6.54</td> <td valign="top" width="8%">7.19</td> <td valign="top" width="9%">1.58</td> <td valign="top" width="9%">145.26</td> <td valign="top" width="11%">29.60</td> </tr> <tr> <td valign="top" width="4%">47</td> <td valign="top" width="34%">DEFENCE INDUSTRIES</td> <td valign="top" width="9%">0.00</td> <td valign="top" width="9%">0.00</td> <td valign="top" width="8%">0.00</td> <td valign="top" width="9%">0.00</td> <td valign="top" width="9%">17.44</td> <td valign="top" width="11%">3.66</td> </tr> <tr> <td valign="top" width="4%">48</td> <td valign="top" width="34%">CONSULTANCY SERVICES</td> <td valign="top" width="9%">1,623.57</td> <td valign="top" width="9%">341.31</td> <td valign="top" width="8%">1,257.69</td> <td valign="top" width="9%">274.84</td> <td valign="top" width="9%">1,348.14</td> <td valign="top" width="11%">289.89</td> </tr> <tr> <td valign="top" width="4%">49</td> <td valign="top" width="34%">SERVICES SECTOR* *</td> <td valign="top" width="9%">19,944.85</td> <td valign="top" width="9%">4,176.21</td> <td valign="top" width="8%">15,053.94</td> <td valign="top" width="9%">3,296.09</td> <td valign="top" width="9%">24,656.49</td> <td valign="top" width="11%">5,215.98</td> </tr> <tr> <td valign="top" width="4%">50</td> <td valign="top" width="34%">HOSPITAL & DIAGNOSTIC CENTRES</td> <td valign="top" width="9%">639.26</td> <td valign="top" width="9%">135.57</td> <td valign="top" width="8%">1,177.33</td> <td valign="top" width="9%">256.00</td> <td valign="top" width="9%">1,524.77</td> <td valign="top" width="11%">310.43</td> </tr> <tr> <td valign="top" width="4%">51</td> <td valign="top" width="34%">EDUCATION</td> <td valign="top" width="9%">300.50</td> <td valign="top" width="9%">63.35</td> <td valign="top" width="8%">173.24</td> <td valign="top" width="9%">37.94</td> <td valign="top" width="9%">510.95</td> <td valign="top" width="11%">105.62</td> </tr> <tr> <td valign="top" width="4%">52</td> <td valign="top" width="34%">HOTEL & TOURISM</td> <td valign="top" width="9%">3,566.32</td> <td valign="top" width="9%">753.02</td> <td valign="top" width="8%">1,405.15</td> <td valign="top" width="9%">308.05</td> <td valign="top" width="9%">4,753.89</td> <td valign="top" width="11%">992.86</td> </tr> <tr> <td valign="top" width="4%">53</td> <td valign="top" width="34%">TRADING</td> <td valign="top" width="9%">3,509.69</td> <td valign="top" width="9%">739.62</td> <td valign="top" width="8%">2,252.72</td> <td valign="top" width="9%">498.46</td> <td valign="top" width="9%">3,669.92</td> <td valign="top" width="11%">759.89</td> </tr> <tr> <td valign="top" width="4%">54</td> <td valign="top" width="34%">RETAIL TRADING (SINGLE BRAND)</td> <td valign="top" width="9%">47.52</td> <td valign="top" width="9%">10.28</td> <td valign="top" width="8%">116.53</td> <td valign="top" width="9%">25.84</td> <td valign="top" width="9%">11.49</td> <td valign="top" width="11%">2.57</td> </tr> <tr> <td valign="top" width="4%">55</td> <td valign="top" width="34%">AGRICULTURE SERVICES</td> <td valign="top" width="9%">5,922.29</td> <td valign="top" width="9%">1,222.22</td> <td valign="top" width="8%">202.60</td> <td valign="top" width="9%">43.90</td> <td valign="top" width="9%">226.41</td> <td valign="top" width="11%">49.02</td> </tr> <tr> <td valign="top" width="4%">56</td> <td valign="top" width="34%">DIAMOND,GOLD ORNAMENTS</td> <td valign="top" width="9%">145.59</td> <td valign="top" width="9%">31.08</td> <td valign="top" width="8%">89.36</td> <td valign="top" width="9%">19.59</td> <td valign="top" width="9%">172.61</td> <td valign="top" width="11%">36.30</td> </tr> <tr> <td valign="top" width="4%">57</td> <td valign="top" width="34%">TEA AND COFFEE (PROCESSING & WAREHOUSING COFFEE & RUBBER)</td> <td valign="top" width="9%">37.60</td> <td valign="top" width="9%">8.15</td> <td valign="top" width="8%">14.40</td> <td valign="top" width="9%">3.12</td> <td valign="top" width="9%">24.81</td> <td valign="top" width="11%">5.32</td> </tr> <tr> <td valign="top" width="4%">58</td> <td valign="top" width="34%">PRINTING OF BOOKS (INCLUDING LITHO PRINTING INDUSTRY)</td> <td valign="top" width="9%">337.65</td> <td valign="top" width="9%">70.51</td> <td valign="top" width="8%">168.42</td> <td valign="top" width="9%">36.63</td> <td valign="top" width="9%">225.03</td> <td valign="top" width="11%">47.39</td> </tr> <tr> <td valign="top" width="4%">59</td> <td valign="top" width="34%">COIR</td> <td valign="top" width="9%">1.19</td> <td valign="top" width="9%">0.25</td> <td valign="top" width="8%">0.46</td> <td valign="top" width="9%">0.10</td> <td valign="top" width="9%">2.89</td> <td valign="top" width="11%">0.55</td> </tr> <tr> <td valign="top" width="4%">60</td> <td valign="top" width="34%">CONSTRUCTION (INFRASTRUCTURE) ACTIVITIES</td> <td valign="top" width="9%">1,535.03</td> <td valign="top" width="9%">324.56</td> <td valign="top" width="8%">3,027.21</td> <td valign="top" width="9%">675.07</td> <td valign="top" width="9%">1,878.62</td> <td valign="top" width="11%">386.28</td> </tr> <tr> <td valign="top" width="4%">61</td> <td valign="top" width="34%">CONSTRUCTION DEVELOPMENT: Townships, housing, built-up infrastructure and construction-development projects</td> <td valign="top" width="9%">25,975.80</td> <td valign="top" width="9%">5,466.13</td> <td valign="top" width="8%">7,551.85</td> <td valign="top" width="9%">1,654.55</td> <td valign="top" width="9%">15,236.03</td> <td valign="top" width="11%">3,140.78</td> </tr> <tr> <td valign="top" width="4%">62</td> <td valign="top" width="34%">MISCELLANEOUS INDUSTRIES</td> <td valign="top" width="9%">5,407.13</td> <td valign="top" width="9%">1,147.66</td> <td valign="top" width="8%">6,852.85</td> <td valign="top" width="9%">1,484.45</td> <td valign="top" width="9%">3,780.06</td> <td valign="top" width="11%">814.17</td> </tr> <tr> <td valign="top" width="39%" colspan="2"><strong>Grand Total</strong></td> <td valign="top" width="9%"><strong>123,119.65</strong></td> <td valign="top" width="9%"><strong>25,834.41</strong></td> <td valign="top" width="8%"><strong>88,519.53</strong></td> <td valign="top" width="9%"><strong>19,426.93</strong></td> <td valign="top" width="9%"><strong>173,946.39</strong></td> <td valign="top" width="11%"><strong>36,504.28</strong></td> </tr> </table> <p><em>** SERVICES SECTOR includes Financial, Banking, Insurance, Non-Financial / Business, Outsourcing, R&D, Courier, Tech. Testing and Analysis.</em><br /> <strong>COUNTRY-WISE FDI EQUITY INFLOWS<br /> FROM APRIL 2009 TO MARCH 2012</strong></p> <p><strong><em>(Amount in Rs crore & US $ million)</em></strong></p> <table border="1" width="83%"> <tr> <td valign="top"><strong><em>Sl</em></strong><strong><em>No</em></strong><em> </em></td> <td valign="top"><strong><em>Country</em></strong><em></em></td> <td valign="top" colspan="2"><strong><em>2009-10<br /> Apr-Mar</em></strong><em></em></td> <td valign="top" colspan="2"><strong><em>2010-11<br /> </em></strong><strong><em>Apr-Mar</em></strong></td> <td valign="top" width="27%" colspan="2"><strong><em>2011-12<br /> </em></strong><strong><em>Apr-Mar</em></strong></td> </tr> <tr> <td valign="top"><em> </em><br /> </td> <td valign="top"><em> </em><br /> </td> <td valign="top"><strong><em>Rs</em></strong><em></em></td> <td valign="top"><strong><em>US$</em></strong><em></em></td> <td valign="top"><strong><em>Rs</em></strong><em></em></td> <td valign="top"><strong><em>US$</em></strong><em></em></td> <td valign="top"><strong><em>Rs</em></strong><em></em></td> <td valign="top" width="13%"><em> <strong>US$</strong></em></td> </tr> <tr> <td valign="top">1</td> <td valign="top">Afghanistan</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top"><em>0.12</em></td> <td valign="top" width="13%"><em>0.03</em></td> </tr> <tr> <td valign="top">2</td> <td valign="top">Australia</td> <td valign="top">774.92</td> <td valign="top">166.29</td> <td valign="top">110.22</td> <td valign="top">24.26</td> <td valign="top"><em>243.60</em></td> <td valign="top" width="13%"><em>51.15</em></td> </tr> <tr> <td valign="top">3</td> <td valign="top">Austria</td> <td valign="top">114.09</td> <td valign="top">24.01</td> <td valign="top">205.72</td> <td valign="top">44.95</td> <td valign="top"><em>101.92</em></td> <td valign="top" width="13%"><em>21.38</em></td> </tr> <tr> <td valign="top">4</td> <td valign="top">Bahamas</td> <td valign="top">29.14</td> <td valign="top">6.16</td> <td valign="top">19.79</td> <td valign="top">4.32</td> <td valign="top"><em>15.02</em></td> <td valign="top" width="13%"><em>3.34</em></td> </tr> <tr> <td valign="top">5</td> <td valign="top">Baharain</td> <td valign="top">8.09</td> <td valign="top">1.72</td> <td valign="top">0.85</td> <td valign="top">0.19</td> <td valign="top"><em>0.94</em></td> <td valign="top" width="13%"><em>0.19</em></td> </tr> <tr> <td valign="top">6</td> <td valign="top">Argentina</td> <td valign="top">0.02</td> <td valign="top">0.00</td> <td valign="top">46.21</td> <td valign="top">10.15</td> <td valign="top"><em>0.00</em></td> <td valign="top" width="13%"><em>0.00</em></td> </tr> <tr> <td valign="top">7</td> <td valign="top">Belgium</td> <td valign="top">177.89</td> <td valign="top">37.56</td> <td valign="top">168.40</td> <td valign="top">37.28</td> <td valign="top"><em>494.99</em></td> <td valign="top" width="13%"><em>104.19</em></td> </tr> <tr> <td valign="top">8</td> <td valign="top">Belarus</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top"><em>2.50</em></td> <td valign="top" width="13%"><em>0.51</em></td> </tr> <tr> <td valign="top">9</td> <td valign="top">The Bermudas</td> <td valign="top">53.31</td> <td valign="top">11.07</td> <td valign="top">8.87</td> <td valign="top">1.97</td> <td valign="top"><em>1.19</em></td> <td valign="top" width="13%"><em>0.26</em></td> </tr> <tr> <td valign="top">10</td> <td valign="top">Brazil</td> <td valign="top">5.16</td> <td valign="top">1.11</td> <td valign="top">7.85</td> <td valign="top">1.75</td> <td valign="top"><em>51.00</em></td> <td valign="top" width="13%"><em>11.01</em></td> </tr> <tr> <td valign="top">11</td> <td valign="top">Bulgaria</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top">0.67</td> <td valign="top">0.14</td> <td valign="top"><em>0.38</em></td> <td valign="top" width="13%"><em>0.08</em></td> </tr> <tr> <td valign="top">12</td> <td valign="top">Canada</td> <td valign="top">293.27</td> <td valign="top">61.64</td> <td valign="top">154.66</td> <td valign="top">33.66</td> <td valign="top"><em>200.21</em></td> <td valign="top" width="13%"><em>39.78</em></td> </tr> <tr> <td valign="top">13</td> <td valign="top">CaymenIslands</td> <td valign="top">321.63</td> <td valign="top">69.05</td> <td valign="top">258.80</td> <td valign="top">55.94</td> <td valign="top"><em>353.67</em></td> <td valign="top" width="13%"><em>74.64</em></td> </tr> <tr> <td valign="top">14</td> <td valign="top">Channel Islands</td> <td valign="top">6.75</td> <td valign="top">1.40</td> <td valign="top">1.26</td> <td valign="top">0.27</td> <td valign="top"><em>6.92</em></td> <td valign="top" width="13%"><em>1.53</em></td> </tr> <tr> <td valign="top">15</td> <td valign="top">China</td> <td valign="top">199.99</td> <td valign="top">41.36</td> <td valign="top">7.03</td> <td valign="top">1.56</td> <td valign="top"><em>358.38</em></td> <td valign="top" width="13%"><em>72.69</em></td> </tr> <tr> <td valign="top">16</td> <td valign="top">Croatia</td> <td valign="top">0.45</td> <td valign="top">0.09</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top"><em>0.00</em></td> <td valign="top" width="13%"><em>0.00</em></td> </tr> <tr> <td valign="top">17</td> <td valign="top">Czech Republic</td> <td valign="top">1.93</td> <td valign="top">0.40</td> <td valign="top">0.03</td> <td valign="top">0.01</td> <td valign="top"><em>0.50</em></td> <td valign="top" width="13%"><em>0.11</em></td> </tr> <tr> <td valign="top">18</td> <td valign="top">Cyprus</td> <td valign="top">7,727.58</td> <td valign="top">1,626.57</td> <td valign="top">4,170.67</td> <td valign="top">913.10</td> <td valign="top"><em>7,722.38</em></td> <td valign="top" width="13%"><em>1,587.37</em></td> </tr> <tr> <td valign="top">19</td> <td valign="top">Denmark</td> <td valign="top">180.22</td> <td valign="top">38.20</td> <td valign="top">289.72</td> <td valign="top">64.08</td> <td valign="top"><em>141.14</em></td> <td valign="top" width="13%"><em>29.44</em></td> </tr> <tr> <td valign="top">20</td> <td valign="top">Finland</td> <td valign="top">241.19</td> <td valign="top">50.28</td> <td valign="top">101.59</td> <td valign="top">22.39</td> <td valign="top"><em>412.52</em></td> <td valign="top" width="13%"><em>86.20</em></td> </tr> <tr> <td valign="top">21</td> <td valign="top">Chile</td> <td valign="top">337.22</td> <td valign="top">71.25</td> <td valign="top">129.99</td> <td valign="top">28.64</td> <td valign="top"><em>165.82</em></td> <td valign="top" width="13%"><em>36.28</em></td> </tr> <tr> <td valign="top">22</td> <td valign="top">France</td> <td valign="top">1,436.83</td> <td valign="top">302.53</td> <td valign="top">3,348.63</td> <td valign="top">734.22</td> <td valign="top"><em>3,110.22</em></td> <td valign="top" width="13%"><em>662.62</em></td> </tr> <tr> <td valign="top">23</td> <td valign="top">Greece</td> <td valign="top">4.29</td> <td valign="top">0.91</td> <td valign="top">1.18</td> <td valign="top">0.26</td> <td valign="top"><em>1.25</em></td> <td valign="top" width="13%"><em>0.27</em></td> </tr> <tr> <td valign="top">24</td> <td valign="top">Germany</td> <td valign="top">2,980.04</td> <td valign="top">626.14</td> <td valign="top">907.88</td> <td valign="top">199.74</td> <td valign="top"><em>7,451.69</em></td> <td valign="top" width="13%"><em>1,621.95</em></td> </tr> <tr> <td valign="top">25</td> <td valign="top">HongKong</td> <td valign="top">654.24</td> <td valign="top">136.46</td> <td valign="top">787.82</td> <td valign="top">173.10</td> <td valign="top"><em>1,294.45</em></td> <td valign="top" width="13%"><em>268.11</em></td> </tr> <tr> <td valign="top">26</td> <td valign="top">Hungary</td> <td valign="top">40.75</td> <td valign="top">8.75</td> <td valign="top">4.07</td> <td valign="top">0.92</td> <td valign="top"><em>1.86</em></td> <td valign="top" width="13%"><em>0.38</em></td> </tr> <tr> <td valign="top">27</td> <td valign="top">Indonesia</td> <td valign="top">2,637.05</td> <td valign="top">570.25</td> <td valign="top">4.67</td> <td valign="top">1.03</td> <td valign="top"><em>2.38</em></td> <td valign="top" width="13%"><em>0.50</em></td> </tr> <tr> <td valign="top">28</td> <td valign="top">Ireland</td> <td valign="top">127.10</td> <td valign="top">27.22</td> <td valign="top">148.42</td> <td valign="top">32.99</td> <td valign="top"><em>33.54</em></td> <td valign="top" width="13%"><em>7.41</em></td> </tr> <tr> <td valign="top">29</td> <td valign="top">Isle of Man</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top">11.40</td> <td valign="top">2.51</td> <td valign="top"><em>0.91</em></td> <td valign="top" width="13%"><em>0.20</em></td> </tr> <tr> <td valign="top">30</td> <td valign="top">Israel</td> <td valign="top">130.83</td> <td valign="top">28.45</td> <td valign="top">6.46</td> <td valign="top">1.41</td> <td valign="top"><em>4.72</em></td> <td valign="top" width="13%"><em>1.01</em></td> </tr> <tr> <td valign="top">31</td> <td valign="top">Italy</td> <td valign="top">1,064.17</td> <td valign="top">225.33</td> <td valign="top">510.95</td> <td valign="top">112.75</td> <td valign="top"><em>734.84</em></td> <td valign="top" width="13%"><em>155.52</em></td> </tr> <tr> <td valign="top">32</td> <td valign="top">Liechtenstein</td> <td valign="top">3.51</td> <td valign="top">0.76</td> <td valign="top">3.50</td> <td valign="top">0.78</td> <td valign="top"><em>0.25</em></td> <td valign="top" width="13%"><em>0.05</em></td> </tr> <tr> <td valign="top">33</td> <td valign="top">Japan</td> <td valign="top">5,670.40</td> <td valign="top">1,183.40</td> <td valign="top">7,062.98</td> <td valign="top">1,562.00</td> <td valign="top"><em>14,089.09</em></td> <td valign="top" width="13%"><em>2,971.70</em></td> </tr> <tr> <td valign="top">34</td> <td valign="top">Kazakhstan</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top"><em>0.00</em></td> <td valign="top" width="13%"><em>0.00</em></td> </tr> <tr> <td valign="top">35</td> <td valign="top">Korea(North)</td> <td valign="top">18.62</td> <td valign="top">3.79</td> <td valign="top">5.48</td> <td valign="top">1.18</td> <td valign="top"><em>50.32</em></td> <td valign="top" width="13%"><em>10.63</em></td> </tr> <tr> <td valign="top">36</td> <td valign="top">Lebanon</td> <td valign="top">0.01</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top"><em>0.69</em></td> <td valign="top" width="13%"><em>0.14</em></td> </tr> <tr> <td valign="top">37</td> <td valign="top">South Korea</td> <td valign="top">778.68</td> <td valign="top">166.88</td> <td valign="top">600.89</td> <td valign="top">131.35</td> <td valign="top"><em>1,183.84</em></td> <td valign="top" width="13%"><em>244.79</em></td> </tr> <tr> <td valign="top">38</td> <td valign="top">Kuwait</td> <td valign="top">40.73</td> <td valign="top">8.46</td> <td valign="top">5.91</td> <td valign="top">1.30</td> <td valign="top"><em>5.29</em></td> <td valign="top" width="13%"><em>1.04</em></td> </tr> <tr> <td valign="top">39</td> <td valign="top">Latvia</td> <td valign="top">0.02</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top"><em>0.00</em></td> <td valign="top" width="13%"><em>0.00</em></td> </tr> <tr> <td valign="top">40</td> <td valign="top">Luxembourg</td> <td valign="top">198.28</td> <td valign="top">42.17</td> <td valign="top">806.22</td> <td valign="top">179.02</td> <td valign="top"><em>429.11</em></td> <td valign="top" width="13%"><em>89.30</em></td> </tr> <tr> <td valign="top">41</td> <td valign="top">Malaysia</td> <td valign="top">183.85</td> <td valign="top">38.21</td> <td valign="top">183.26</td> <td valign="top">40.39</td> <td valign="top"><em>85.37</em></td> <td valign="top" width="13%"><em>18.20</em></td> </tr> <tr> <td valign="top">42</td> <td valign="top">Mauritius</td> <td valign="top">49,633.37</td> <td valign="top">10,375.56</td> <td valign="top">31,854.78</td> <td valign="top">6,987.15</td> <td valign="top"><em>46,710.28</em></td> <td valign="top" width="13%"><em>9,941.89</em></td> </tr> <tr> <td valign="top">43</td> <td valign="top">Mexico</td> <td valign="top">0.11</td> <td valign="top">0.02</td> <td valign="top">48.74</td> <td valign="top">10.58</td> <td valign="top"><em>0.00</em></td> <td valign="top" width="13%"><em>0.00</em></td> </tr> <tr> <td valign="top">44</td> <td valign="top">Maldives</td> <td valign="top">1.85</td> <td valign="top">0.40</td> <td valign="top">9.18</td> <td valign="top">2.02</td> <td valign="top"><em>0.00</em></td> <td valign="top" width="13%"><em>0.00</em></td> </tr> <tr> <td valign="top">45</td> <td valign="top">Nepal</td> <td valign="top">8.24</td> <td valign="top">1.73</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top"><em>0.04</em></td> <td valign="top" width="13%"><em>0.01</em></td> </tr> <tr> <td valign="top">46</td> <td valign="top">Netherlands</td> <td valign="top">4,282.67</td> <td valign="top">899.03</td> <td valign="top">5,501.23</td> <td valign="top">1,213.40</td> <td valign="top"><em>6,697.78</em></td> <td valign="top" width="13%"><em>1,408.89</em></td> </tr> <tr> <td valign="top">47</td> <td valign="top">Saint Kitts & Nevis</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top">2.11</td> <td valign="top">0.45</td> <td valign="top"><em>0.00</em></td> <td valign="top" width="13%"><em>0.00</em></td> </tr> <tr> <td valign="top">48</td> <td valign="top">NewZealand</td> <td valign="top">61.06</td> <td valign="top">13.18</td> <td valign="top">6.85</td> <td valign="top">1.53</td> <td valign="top"><em>4.59</em></td> <td valign="top" width="13%"><em>0.94</em></td> </tr> <tr> <td valign="top">49</td> <td valign="top">Nigeria</td> <td valign="top">4.95</td> <td valign="top">1.02</td> <td valign="top">0.51</td> <td valign="top">0.11</td> <td valign="top"><em>15.74</em></td> <td valign="top" width="13%"><em>3.37</em></td> </tr> <tr> <td valign="top">50</td> <td valign="top">Norway</td> <td valign="top">66.47</td> <td valign="top">14.20</td> <td valign="top">63.55</td> <td valign="top">13.93</td> <td valign="top"><em>158.67</em></td> <td valign="top" width="13%"><em>33.39</em></td> </tr> <tr> <td valign="top">51</td> <td valign="top">Oman</td> <td valign="top">11.73</td> <td valign="top">2.45</td> <td valign="top">1,246.49</td> <td valign="top">267.82</td> <td valign="top"><em>43.55</em></td> <td valign="top" width="13%"><em>9.27</em></td> </tr> <tr> <td valign="top">52</td> <td valign="top">Panama</td> <td valign="top">53.37</td> <td valign="top">11.12</td> <td valign="top">41.71</td> <td valign="top">9.12</td> <td valign="top"><em>11.50</em></td> <td valign="top" width="13%"><em>2.39</em></td> </tr> <tr> <td valign="top">53</td> <td valign="top">Philippines</td> <td valign="top">0.92</td> <td valign="top">0.20</td> <td valign="top">2.27</td> <td valign="top">0.50</td> <td valign="top"><em>12.25</em></td> <td valign="top" width="13%"><em>2.42</em></td> </tr> <tr> <td valign="top">54</td> <td valign="top">Poland</td> <td valign="top">188.91</td> <td valign="top">40.05</td> <td valign="top">1.29</td> <td valign="top">0.28</td> <td valign="top"><em>47.35</em></td> <td valign="top" width="13%"><em>9.61</em></td> </tr> <tr> <td valign="top">55</td> <td valign="top">Portugal</td> <td valign="top">9.95</td> <td valign="top">2.12</td> <td valign="top">6.04</td> <td valign="top">1.33</td> <td valign="top"><em>11.04</em></td> <td valign="top" width="13%"><em>2.37</em></td> </tr> <tr> <td valign="top">56</td> <td valign="top">Qatar</td> <td valign="top">0.71</td> <td valign="top">0.16</td> <td valign="top">5.40</td> <td valign="top">1.17</td> <td valign="top"><em>0.93</em></td> <td valign="top" width="13%"><em>0.19</em></td> </tr> <tr> <td valign="top">57</td> <td valign="top">Romania</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top">1.00</td> <td valign="top">0.21</td> <td valign="top"><em>21.34</em></td> <td valign="top" width="13%"><em>4.23</em></td> </tr> <tr> <td valign="top">58</td> <td valign="top">Russia</td> <td valign="top">35.49</td> <td valign="top">7.61</td> <td valign="top">436.60</td> <td valign="top">93.39</td> <td valign="top"><em>5.10</em></td> <td valign="top" width="13%"><em>1.04</em></td> </tr> <tr> <td valign="top">59</td> <td valign="top">Saudi Arabia</td> <td valign="top">64.06</td> <td valign="top">13.29</td> <td valign="top">17.70</td> <td valign="top">3.84</td> <td valign="top"><em>3.51</em></td> <td valign="top" width="13%"><em>0.70</em></td> </tr> <tr> <td valign="top">60</td> <td valign="top">Singapore</td> <td valign="top">11,294.82</td> <td valign="top">2,379.18</td> <td valign="top">7,729.66</td> <td valign="top">1,705.11</td> <td valign="top"><em>24,711.53</em></td> <td valign="top" width="13%"><em>5,257.32</em></td> </tr> <tr> <td valign="top">61</td> <td valign="top">Scotland</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top">0.01</td> <td valign="top">0.00</td> <td valign="top"><em>0.76</em></td> <td valign="top" width="13%"><em>0.15</em></td> </tr> <tr> <td valign="top">62</td> <td valign="top">South Africa</td> <td valign="top">158.79</td> <td valign="top">33.27</td> <td valign="top">0.94</td> <td valign="top">0.21</td> <td valign="top"><em>8.79</em></td> <td valign="top" width="13%"><em>1.76</em></td> </tr> <tr> <td valign="top">63</td> <td valign="top">Slovakia</td> <td valign="top">0.14</td> <td valign="top">0.03</td> <td valign="top">3.50</td> <td valign="top">0.79</td> <td valign="top"><em>0.00</em></td> <td valign="top" width="13%"><em>0.00</em></td> </tr> <tr> <td valign="top">64</td> <td valign="top">Spain</td> <td valign="top">586.19</td> <td valign="top">124.20</td> <td valign="top">1,056.40</td> <td valign="top">230.14</td> <td valign="top"><em>1,497.69</em></td> <td valign="top" width="13%"><em>312.05</em></td> </tr> <tr> <td valign="top">65</td> <td valign="top">Sri Lanka</td> <td valign="top">3.81</td> <td valign="top">0.80</td> <td valign="top">15.78</td> <td valign="top">3.48</td> <td valign="top"><em>27.49</em></td> <td valign="top" width="13%"><em>6.04</em></td> </tr> <tr> <td valign="top">66</td> <td valign="top">Sweden</td> <td valign="top">1,171.18</td> <td valign="top">242.51</td> <td valign="top">176.70</td> <td valign="top">39.05</td> <td valign="top"><em>290.46</em></td> <td valign="top" width="13%"><em>60.24</em></td> </tr> <tr> <td valign="top">67</td> <td valign="top">Switzerland</td> <td valign="top">489.26</td> <td valign="top">102.49</td> <td valign="top">4,103.95</td> <td valign="top">895.08</td> <td valign="top"><em>1,105.49</em></td> <td valign="top" width="13%"><em>230.73</em></td> </tr> <tr> <td valign="top">68</td> <td valign="top">Taiwan</td> <td valign="top">78.32</td> <td valign="top">16.16</td> <td valign="top">30.07</td> <td valign="top">6.55</td> <td valign="top"><em>63.05</em></td> <td valign="top" width="13%"><em>13.85</em></td> </tr> <tr> <td valign="top">69</td> <td valign="top">Thailand</td> <td valign="top">163.90</td> <td valign="top">35.10</td> <td valign="top">22.18</td> <td valign="top">4.94</td> <td valign="top"><em>69.12</em></td> <td valign="top" width="13%"><em>14.13</em></td> </tr> <tr> <td valign="top">70</td> <td valign="top">Turkey</td> <td valign="top">31.51</td> <td valign="top">6.78</td> <td valign="top">158.38</td> <td valign="top">34.90</td> <td valign="top"><em>46.81</em></td> <td valign="top" width="13%"><em>10.00</em></td> </tr> <tr> <td valign="top">71</td> <td valign="top">UAE</td> <td valign="top">3,016.82</td> <td valign="top">628.93</td> <td valign="top">1,569.18</td> <td valign="top">340.54</td> <td valign="top"><em>1,728.24</em></td> <td valign="top" width="13%"><em>352.82</em></td> </tr> <tr> <td valign="top">72</td> <td valign="top">United Kingdom</td> <td valign="top">3,094.15</td> <td valign="top">657.37</td> <td valign="top">3,434.20</td> <td valign="top">754.94</td> <td valign="top"><em>45,228.56</em></td> <td valign="top" width="13%"><em>9,257.05</em></td> </tr> <tr> <td valign="top">73</td> <td valign="top">U.S.A</td> <td valign="top">9,230.43</td> <td valign="top">1,943.46</td> <td valign="top">5,352.67</td> <td valign="top">1,170.27</td> <td valign="top"><em>5,346.97</em></td> <td valign="top" width="13%"><em>1,115.27</em></td> </tr> <tr> <td valign="top">74</td> <td valign="top">Ukraine</td> <td valign="top">0.01</td> <td valign="top">0.00</td> <td valign="top">1.60</td> <td valign="top">0.36</td> <td valign="top"><em>0.12</em></td> <td valign="top" width="13%"><em>0.02</em></td> </tr> <tr> <td valign="top">75</td> <td valign="top">Venezuela</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top">0.00</td> <td valign="top"><em>0.00</em></td> <td valign="top" width="13%"><em>0.00</em></td> </tr> <tr> </tr></table></td></tr></table></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com0tag:blogger.com,1999:blog-3062319299165327624.post-22697216333324333932012-09-03T05:25:00.001-07:002012-09-03T05:25:35.150-07:00Realty prices set to fall as Govt. willing to reduce cost of funding<div class='posterous_autopost'> · CREDAI initiative with Finance Ministry evokes positive response<br /> <p> · Banking Sec. Ministry of Finance asks realtors to work on price cut, sets the ball rolling</p> <p>Mumbai, August 30, 2012: The Secretary, Banking, Ministry of Finance has agreed to look into the problems being faced by the real estate industry and work towards reducing the cost of funding through banks and financial institutions, claims CREDAI Press Release today.</p> <p>The release says : this follows the meeting that developers apex body CREDAI Chairman Mr. Pradeep Jain had with Mr. D.K. Mittal, Secretary – Ministry of Finance (Banking & Insurance), Government of India, in New Delhi, yesterday.</p> <p>Expressing happiness at the positive response from the Banking Secretary Ministry of Finance, Mr. Pradeep Jain said: “We had a very cordial and fruitful discussion as we raised the various issues being faced by developers across the country in terms of high cost funding and escalating cost of material which adversely affect the cost of housing.”</p> <p>“Mr. Mittal promised that the Government will look into the problems of the Real Estate Developers and work towards reducing the cost of financing through the Banks and Financial Institutions,” he said.</p> <p>With these positive developments, CREDAI is hopeful that a lasting solution to the vexed issue high cost of realty will be worked out and the common man will be able to own his dream house.</p> <p>The Banking Secretary assured to have a detailed discussion on these matters in next couple of weeks to work out on detailed roadmap on how the Real Estate Industry can be benefited to provide the affordable housing on an affordable price to Aam Aadmi.</p> <p>Calling for launching a mission to make India Housing Surplus from the current status of a housing deficit nation by 2020, CREDAI said revival of the real estate industry will rejuvenate the entire economy since realty supports 250 industries, generates employment and contributes 11% to GDP.</p> <p>CREDAI also has written an open letter to the Prime Minister and set a 10-point agenda of action for taking the nation on an accelerated growth path while solving the housing problem faced by millions of people across the country and suggesting comprehensive reforms in the real estate industry covering land, administration, banking and tax.</p> <p>CREDAI for long has been campaigning for a single window system of clearances to down the time lost in granting approvals and thus help speed of execution which could ultimately lead to saving money and time.</p> <p>“We the developer community is always ready to work with the government as a partner in progress and play a meaningful role,” Mr Jain added.<br /> </p> <p><br /> </p> <p style="margin: 1em 0 3px 0;"><small><small><small><small> <br /> </small></small></small></small></p> <p> <small><small><small><small><span><br /> </span></small></small></small></small></p> <p><small><small><small><small><span><br /> Posted:</span> 31 Aug 2012 02:11 AM PDT<br /> By Accommodation Time</small></small></small></small><br /> </p> <div> <div style="font-size: 13.3px; 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font-family: Georgia,Helvetica,Arial,Sans-Serif; line-height: 140%; font-size: 13px; color: #000000;"> <p><a href="http://accommodationtimes.com/wp-content/uploads/2012/08/picture-of-expressway.jpg"><div class='p_embed p_image_embed'> <img alt="Picture-of-expressway-150x150" height="150" src="http://getfile9.posterous.com/getfile/files.posterous.com/lpcurry/FGEDxscOAK1RLSyhHz4dKwH3PZVNGyLJYhQ1VKNgbBrUW4ighcHalchlI5o7/picture-of-expressway-150x150.jpg" width="150" /> </div> </a><p /> Express highway are the real action makers in the real estate market. There is been a huge<br /> development taking place near the expressway and highways because for a very comman very<br /> reason that people always seek for affordable housing that provides them with high speed<br /> transport, good connectivity.</p> <p>Delhi as usual having the top notch rates, the Delhi- NCR region is filled with people migrating<br /> from different region to explore, set new venture, job, career advancement which generally<br /> increase the requirement of residential and commercial space no wonder making these<br /> expressways the hub realty actions as it offers excellent connectivity by the metro also the<br /> other reason for it is that the state government is boosting the projects.</p> <p>The expressways like Noida-Greater Noida Expressway, the Yamuna Expressway, Dwarka<br /> Expressway, national highway is mashroomed with projects of realtors like raheja, godrej,<br /> indiabulls, anatraj.</p> <p>When taken a close look, different highways provides different advantage. Eg.the dwarka<br /> highway is close to international airport and is prefered by the pilots and airline people to<br /> reside,similarly the Yamuna express highway will reduce the time between delhi to agra.</p> <p>When we talk about the rates, there is a uniformity keeping in mind the different class of<br /> people. The motto of the developers is ‘’affordable house at affordable rates’’ ranging from 12<br /> lakh- 40lakh for 1-2-3 bhk flats.<br /> </p> <p><br /> </p> <p><br /> </p> <p style="margin: 1em 0 3px 0;"> <br /> </p> <p style="font-size: 13px; color: #555; margin: 9px 0 3px 0; font-family: Georgia,Helvetica,Arial,Sans-Serif; line-height: 140%; font-size: 13px;"><span>Posted:</span> 02 Aug 2012 04:09 AM PDT<br /> By Accommodation Times Bureau<br /> By Nimisha Gupta<br /> </p> <p style="font-size: 13px; color: #555; margin: 9px 0 3px 0; font-family: Georgia,Helvetica,Arial,Sans-Serif; line-height: 140%; font-size: 13px;"><br /> </p> <p style="font-size: 13px; color: #555; margin: 9px 0 3px 0; font-family: Georgia,Helvetica,Arial,Sans-Serif; line-height: 140%; font-size: 13px;"><br /> </p> <p><br /> </p> <div class='p_embed p_image_embed'> <img alt="Dnat7xiswc8" height="1" src="http://getfile3.posterous.com/getfile/files.posterous.com/lpcurry/LEUaubQkSiL7iaIZpb2bEjQZSJ1ITDzbZHnsnZFmPmbH342QAn8vDikx0aQE/DnAT7XISWc8" width="1" /> </div> </div> <div> <div style="font-size: 13.3px; 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Dance </li> <li>Exercise daily. Eat fresh foods. </li> <li>Feel your emotions. Face fear </li> <li>Go outside and observe nature. </li> <li>Hug often. Help others </li> <li>Ignite your passions. </li> <li>Jump through your comfort zone. </li> <li>Kiss passionately. Keep looking forward. </li> <li>Laugh. Love. Learn to let go. </li> <li>Meditate daily. Make goals </li> <li>Never give up on what you want. </li> <li>Own a pet. Observe beauty </li> <li>Pray. Paint. Play an instrument. </li> <li>Quit a habit. Quiet your mind. </li> <li>Read. Relax. Reinvent yourself </li> <li>Smile. Sleep. Simplify </li> <li>Take power naps. Talk Wisely </li> <li>Unleash your strengths. </li> <li>Vent. Visualize your dreams. </li> <li>Walk. Write. Watch the sun set. </li> <li>Yell Less, Yield to your thoughts. </li> <li>Xerox your smiling face </li> <li>Zap negativity.</li> </ul> </div> <p> </p></div> </div> </div> </div> </div> </div> </div> <p> </p><blockquote> <p> </p></blockquote> <blockquote> <p> </p></blockquote> </div> <span> </span></div> </div> <span> </span></div> <span /><p> <br /> </span></p></div> <br /> </div> </div> </div> <br /> </div> </div> </div> <br /> </div> </div> </div> <br /> </div> </div> </div> <br /> </div> </div> </div> <span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></span><br /> <div> <div style="font-size: 13.3px; font-family: Verdana, Arial, Helvetica, sans-serif;"> <div style="border-top: 1px solid #e5e5e5; padding-top: 0.8em;"> <div style="margin: 0 0 8px 0;"> <p style="margin: 0;"><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;">Vijay Rana | CMD & Co-Founder | <a href="mailto:shiv@lpcurry.com" class="moz-txt-link-abbreviated"><a href="mailto:vijay@lpcurry.com">vijay@lpcurry.com</a></a>|</span></strong></span></p><p> <span style="color: #3366ff;"><strong><span style="font-size: 11pt; font-family: Century Gothic,sans-serif;">Loans & Property Curry</span></strong></span><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><br /> 116-B, 1st Floor, Shahpur Jat, Khelgaon Marg | New Delhi | 110049 | India |</span></strong></span></p> <p style="margin: 0; margin: 0;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif; color: #003399;"><span style="color: #000000;">Work: +91-11-4175 2512 | Mob: +91- 9873 3333 48 | <a href="http://www.lpcurry.com/" target="_blank">www.lpcurry.com</a> | </span><br /> </span></strong></p> <p style="margin: 0; margin: 0;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><span style="color: #800080;">Private Finance | Project Finance | Corporate Finance | Debt Syndication |</span> <br /> </span></strong></p> <p style="margin: 0; margin: 0;"><span style="color: #800000;"><em><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></em></span></p> <p> </p></div> <span style="color: gray;">Get Social!!</span> <a href="http://in.linkedin.com/in/vijaysinghrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/linkedin.png" border="0" height="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" width="16" /></a> <a href="http://in.linkedin.com/in/vijaysinghrana" style="color: black; text-decoration: underline;"><span style="color: black;">LinkedIn</span></a> <a href="http://twitter.com/LPCurry" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/twitter.png" border="0" height="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" width="16" /></a> <a href="http://twitter.com/LPCurry" style="color: black; text-decoration: underline;"><span style="color: black;">Twitter</span></a> <a href="http://www.facebook.com/lpcurry.page" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebookpage.png" border="0" height="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" width="16" /></a> <a href="http://www.facebook.com/lpcurry.page" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook Page</span></a> <a href="http://www.facebook.com/2vijayrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebook.png" border="0" height="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" width="16" /></a> <a href="http://www.facebook.com/2vijayrana" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook</span></a> <a href="http://blog.lpcurry.com/" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/blogger.png" border="0" height="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" width="16" /></a> <a href="http://blog.lpcurry.com/" style="color: black; text-decoration: underline;"><span style="color: black;">Blogger</span></a><br /> </div> <img src="https://wisestamp.appspot.com/pixel.png?p=mozilla&v=3.11.21&t=1342523305030&u=4b71d4900c4ca423" height="1" width="1" /></div> </div> <p> </p></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com0tag:blogger.com,1999:blog-3062319299165327624.post-69547866758694473882012-07-10T00:38:00.001-07:002012-07-10T00:38:24.916-07:00Rent reimbursement not liable for TDS : ATAT Delhi<div class='posterous_autopost'> <p> The assessee is paying rent to the holding company as reimbursement since last many years. This position has been accepted by the department all through and it has been never disputed even when provisions for TDS were on statute since 1994. Section 194-I of the Income-tax Act, 1961 was inserted in Act w.e.f. 01.06.1994. Similarly, this position was also not disputed even after the amendment in section 40(a)(ia) of the Act by the Taxation Law (Amendment) Act, 2006 w.e.f. 1.4.2006. on this issue, there is no material change in the facts and law during the year under consideration. The lease deed provides for use of the premises by the subsidiary companies. The actual payments made by the lessee (holding company) to the lessor and necessary tax was deducted therefrom. The holding company has also not debited the whole of rent to its books of account. It has only debited the rent which pertains to the part of the premises occupied by it. Therefore, in our considered view, there was no lessor and lessee relationship between the holding company and assessee where the provisions of section 194-I are attracted. Keeping these facts in view, we find merits in the order of the CIT (A) in deleting the addition made u/s 40(a)(ia) of the Act.</p> <p>ITAT DELHI</p> <p>Assistant Commissioner of Income-tax<br /> Result Services (P.) Ltd.<br /> IT Appeal NO. 2846 (DELHI) OF 2011<br /> [ASSESSMENT YEAR 2008-09]<br /> JUNE 28, 2012<br /> </p> <p><br /> </p> <p><small><small><small><span>Posted:</span> 06 Jul 2012 11:19 PM PDT<br /> By Accommodation Times Bureau</small></small></small></p> <p><br /> </p> <p /> <p /> <p /> <p /> <p /> <p /> <p /> <br /> <div> <div style="font-size: 13.3px; font-family: Verdana, Arial, Helvetica, sans-serif;"> <div style="border-top: 1px solid #e5e5e5; padding-top: 0.8em;"> <div style="margin: 0 0 8px 0;"> <p style="margin: 0px;"><br /> <span style="color: rgb(0, 0, 0);"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></span></p> <p style="margin: 0px;"><br /> <span style="color: rgb(0, 0, 0);"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></span></p> <p style="margin: 0;"><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></span> <br /> <span style="color: #3366ff;"><strong><span style="font-size: 11pt; font-family: Century Gothic,sans-serif;">Loans & Property Curry</span></strong></span><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><p /> </span></strong></span></p> <p style="margin: 0; margin: 0;"><span style="color: #800000;"><em><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></em></span></p> </div> <span style="color: gray;"></span><a href="http://in.linkedin.com/in/vijaysinghrana" style="color: black; text-decoration: underline;"><span style="color: black;"></span></a><a href="http://twitter.com/LPCurry" style="color: black; text-decoration: underline;"><span style="color: black;"></span></a><a href="http://www.facebook.com/lpcurry.page" style="color: black; text-decoration: underline;"><span style="color: black;"></span></a><a href="http://www.facebook.com/2vijayrana" style="color: black; text-decoration: underline;"><span style="color: black;"></span></a><a href="http://blog.lpcurry.com/" style="color: black; text-decoration: underline;"><span style="color: black;"></span></a><br /> </div> <img src="https://wisestamp.appspot.com/pixel.png?p=mozilla&v=3.11.21&t=1341905545666&u=4b71d4900c4ca423" height="1" width="1" /></div> </div></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com0tag:blogger.com,1999:blog-3062319299165327624.post-4610485459153086052012-07-02T03:11:00.001-07:002012-07-02T03:11:54.669-07:00Real Estate’s development is development of the country<div class='posterous_autopost'> <div style="margin: 0; font-family: Georgia,Helvetica,Arial,Sans-Serif; line-height: 140%; font-size: 13px; color: #000000;"><br /> <p>New Delhi, 28th June 2012: “Real Estate sector’s development is the development of the whole country”, said Dr Sudhir Krishna, Secretary, Ministry of Urban Development, Government of India while addressing the industry at 8th edition of Realty 2012, organized by Confederation of Indian Industry (CII) Northern Region, here today.</p> <p>All basic amenities in the urban areas like Water, solid waste management, and transport system can be profit making, so Public Private Partnership (PPP) in the urban areas should be encouraged, he further suggested.</p> <p>“Historically the unorganized and fragmented real estate sector in India is slowly evolving into an organised sector with strong focus on technology, efficiency, skills, a strong delivery mechanism, community development, infrastructure development and adoption of green practices” said Mr Anshuman Magazine, Chairman, Realty 2012 & CMD, CBRE South Asia Pvt. Ltd. “The companies who do not concentrate on these factors will find it difficult to sustain in the long run”, he added.</p> <p>“Technology and efficiency would be the real game changer in this sector considering ever changing scenario”, said Mr J C Sharma, Vice Chairman & Managing Director, Sobha Developers Ltd.</p> <p>“It is disheartening that real estate sector which is linked with 300 industries directly or indirectly, provides employment to 50 million people and contributes 17 % to India’s GDP is still to get the industry status for itself. Hence there is a dire need to change the perception about the Real Estate sector’s and enhance its credibility in the eyes of all stakeholders including consumers, government, Banks, RBI and the regulatory bodies. And this would happen if and only if we deliver what we promise”, said Mr Sachin Sandhir, Managing Director, South Asia, RICS.</p> <p>“Inspite of the Regulations that exist in the sector, we have to dedicatedly take the sector to the next level. Some of the challenges like unavailability of land, acute shortage of labour, high cost of capital and unstable government policies and regulations need immediate attention” opined Mr Munesh Khanna, Senior Partner, Grant Thornton Advisory Private Limited.</p> <p>Mr Chittaranjan Kumar Khetan, Joint Secretary, Ministry of Urban Development, Government of India highlighted the issues faced by the customers and shared the set of approvals and permissions that the Real Estate Developers have to pass through. He further shared that the Draft Real Estate (Regulation & Development) Bill 2011 would not only safeguard the interests of the consumers to a large extent but would also be a balanced in nature. The bill is almost ready and just needs to be put in the parliament for approval.</p> <p>Mr Rohit Modi, Former Deputy Managing Director, Gammon India Limited said that “we need to see things from bigger perspective where in all stakeholders, viz urban local bodies, real estate companies, government, banks etc work in coordination for over all implementation of infrastructure development programmes and make all necessary facilities and amenities available to the consumers at best prices and also to safeguard their interests for enhancing the perception of the fast growing sector which has immense potential to grow with FDI in multi brand retail also to be allowed in coming future.<br /> </p> <p><br /> </p> <p><br /> </p> <p><br /> </p> <p style="margin: 1em 0 3px 0;"><small><small> <br /> </small></small></p> <p style="font-size: 13px; color: #555; margin: 9px 0 3px 0; font-family: Georgia,Helvetica,Arial,Sans-Serif; line-height: 140%; font-size: 13px;"><small><small><span>Posted:</span> 29 Jun 2012 11:47 PM PDT</small></small></p> <div style="margin: 0; font-family: Georgia,Helvetica,Arial,Sans-Serif; line-height: 140%; font-size: 13px; color: #000000;"> <p><small><small>By Accommodation Time<br /> Industry Status for Real Estate sector mooted at CII’s Realty 2012</small></small></p> </div> <p><br /> </p> <div class='p_embed p_image_embed'> <img alt="87xdltokuk8" height="1" src="http://getfile8.posterous.com/getfile/files.posterous.com/lpcurry/KJgbnMjTTA0SDsCzd6B8ewmgQYVg2bNfyARFQtAnkIFOAIyN07q9lnRWS4wO/87xDLtOkUK8" width="1" /> </div> </div> <div> <div style="font-size: 13.3px; font-family: Verdana, Arial, Helvetica, sans-serif;"> <div style="border-top: 1px solid #e5e5e5; padding-top: 0.8em;"> <div style="margin: 0 0 8px 0;"> <p style="margin: 0;"><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></span><p /> <span style="color: #3366ff;"><strong><span style="font-size: 11pt; font-family: Century Gothic,sans-serif;">Loans & Property Curry</span></strong></span><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><br /> 116-B, 1st Floor, Shahpur Jat, Khelgaon Marg | New Delhi | 110049 | India |</span></strong></span></p> <p style="margin: 0; margin: 0;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif; color: #003399;"><span style="color: #000000;">Work: +91-11-4175 2512 | Mob: +91- 9873 3333 48 | <a href="http://www.lpcurry.com/" target="_blank">www.lpcurry.com</a> | </span><br /> </span></strong></p> <p style="margin: 0; margin: 0;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><span style="color: #800080;">Private Finance | Project Finance | Corporate Finance | Debt Syndication |</span> <br /> </span></strong></p> <p style="margin: 0; margin: 0;"><span style="color: #800000;"><em><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></em></span></p> </div> <span style="color: gray;">Get Social!!</span> <a href="http://in.linkedin.com/in/vijaysinghrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/linkedin.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; 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vertical-align: middle;" /></a> <a href="http://www.facebook.com/2vijayrana" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook</span></a> <a href="http://blog.lpcurry.com/" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/blogger.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://blog.lpcurry.com/" style="color: black; text-decoration: underline;"><span style="color: black;">Blogger</span></a><br /> </div> <img src="https://wisestamp.appspot.com/pixel.png?p=mozilla&v=3.11.21&t=1341223711274&u=4b71d4900c4ca423" height="1" width="1" /></div> </div></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com0tag:blogger.com,1999:blog-3062319299165327624.post-83863386777635457132012-06-17T11:31:00.001-07:002012-06-17T11:31:50.982-07:00Save Capital Gain Tax this way<div class='posterous_autopost'> <p> 1. Capital gains is chargeable to tax in the year in which transfer takes place except in certain exceptional cases such as compulsory acquisition by government; conversion of capital asset into stock-in-trade ; destruction of asset resulting in awarding insurance compensation. It is therefore advisable not to transfer properties on credit basis. In the absence of liquidity, difficulty will arise for payment of tax.</p> <p>2. Where the landowner and builder execute joint development agreement, if the consideration is receivable in built-up area to be constructed and handed over by the builder to the landowner, it is advisable to avoid the applicability of section 53A of the Transfer of Property Act. This can be achieved by mentioning in the agreement that license is granted to the builder to enter the premises and construct the building. The possession is retained by the landowner, which will be handed over as and when the built-up area is constructed and delivered. By this stipulation, the transfer will take place only in the year in which the built-up area is received and not before.</p> <p>3. In order to attract the levy of capital gains tax, the assessee must hold a capital asset and it must undergo ‘transfer’. If investments are made in assets not treated as ‘capital asset’ under section 2(14) then the profit arising on transfer of such assets shall not attract capital gains. E.g. (i) Personal effects of movable nature such as silver household utensils, personal motor car, etc. (ii) Agricultural lands outside the specified area.</p> <p>4. Planning can be done in such a way that the capital asset is transferred through any transaction which is not regarded as ‘transfer’ under section 47. E.g. transfer in a scheme of amalgamation, partition of HUF, etc.</p> <p>5. When the asset is transferred, it can be ensured that it is a long-term capital asset so that the benefit of indexation can be availed and the concessional rate of tax prescribed under section 112 can be availed. Besides exemption under section 54, 54B, 54D, 54EC, 54ED, 54F, 54G can be availed if, applicable (of course Chapter VIA deductions and rebate under section 88 cannot be claimed in respect of long term capital gain – section 112).</p> <p>6. In respect of capital gains arising on account of – a. conversion of a capital asset into stock-in-trade; b. Compulsory acquisition under any law in force, taxability does not arise in the year of transfer. In the case of conversion, it arises only in the year of sale of stock-in-trade and in the case of compulsory acquisition, it arises in the year of receipt of compensation. Wherever permissible, year of chargeability can be accordingly planned.</p> <p>7. In the case of compulsory acquisition, the Supreme Court decision in CIT vs. Hindustan Housing and Land Development Trust, 161 ITR 524, wherein it was held that ad hoc amount received pending dispute cannot be charged to tax should be borne in mind. In the case of non-residents, foreign companies, foreign institutions and overseas financial organisation, the special and concessional rates prescribed under section 112, 115A, can be taken advantage of.</p> <p>8. Where an asset acquired prior to 1.4.81 is transferred, the fair market value as on that date can be availed as the cost of acquisition as, invariably, it may be more than the actual cost.</p> <p>9. Subject to fulfillment of conditions, planning can be done to claim exemptions under sections 54 to 54G. If the investment in the eligible asset is not immediately possible, then deposit under capital gains account scheme can be made within the due date for filing the return or before the date of filing of the return of income, whichever is earlier.</p> <p>10. Even if the amount deposited in capital gains account scheme is not utilised within the stipulated period, the amount shall be taxed as capital gain only in the year in which such period expires and not in the year in which exemption was availed. Therefore, it postpones the liability to capital gains tax.</p> <p>11. Where exemption under sections 54, 54B, 54D or 54G had been claimed in respect of any asset acquired, transfer of such asset within a period of three years will result in reduction of the amount of such exemption from the cost of acquisition of such asset. This will have the effect of increasing the short term capital gain and assessee will end up paying more tax whereas exemption earlier availed might be in respect of long term capital gain which was taxable at a concessional rate under section 112. Therefore, the new asset should not be sold within a period of 36 months. In the alternative, loan can be availed to meet any financial crisis and such loan can be cleared by selling the property after 36 months.</p> <p>12. Where the assessee transfers an agricultural land situated in specified area he can avail exemption under section 54B by investing in another agricultural land. If the agricultural land so acquired is outside the specified area, then also exemption can be availed. Further, if such agricultural land is subsequently sold (even within 36 months), there will not be any tax implication as it is not a ‘capital asset’ and the question of computing capital gain thereon does not arise.</p> <p>13. Where any long-term capital asset is transferred and it is invested in the eligible asset, exemption is available in the computation of capital gain. A question arose about the possibility of assessee investing the net consideration in business and later borrows money for investment in the eligible asset within the time prescribed. In such a situation, it has been favourably held that the assessee is entitled to exemption – ITO vs. K.C. Gopal, 107 Taxman 591 (Ker). Applying this analogy, an assessee may invest the net consideration in business or use it for such other purpose. Housing loan can be obtained for investment in house property to avail exemption under section 54 or 54F, as the case may be. Assessee can avail interest as deduction under section 24, repayment of principal under section 80c as rebate. The loss, if any, computed under house property head can be set off against business income.</p> <p>14. Existing old buildings are demolished and multistoried buildings are constructed. Prior to demolition of old buildings, tenants occupying such building are paid either compensation or they are given space in the new building on construction. Surrender of tenancy rights attracts liability to capital gains tax. Therefore, two separate agreement may be executed, one for surrender of tenancy right and another for construction of the residential unit for the tenant by the builder in which case exemption under section 54F can be availed. Net consideration arising on transfer of the longterm tenancy right shall be treated as invested in a residential house.<br /> </p> <p><br /> </p> <p><br /> </p> <p><small><small><small><span>Posted:</span> 07 Jun 2012 10:42 PM PDT<br /> Accommodation Times Bureau<br /> Excerpts from Direct Tax Laws with tax planning aspects by T.N. Manoharan.<br /> </small></small></small></p> <p><small><small><small><br /> </small></small></small></p> <p><small><small><small><p /> </small></small></small></p> <div> <div style="font-size: 13.3px; font-family: Verdana, Arial, Helvetica, sans-serif;"> <div style="border-top: 1px solid #e5e5e5; padding-top: 0.8em;"> <div style="margin: 0 0 8px 0;"> <p style="margin: 0;"><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></span><p /> <span style="color: #3366ff;"><strong><span style="font-size: 11pt; font-family: Century Gothic,sans-serif;">Loans & Property Curry</span></strong></span><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><br /> 116-B, 1st Floor, Shahpur Jat, Khelgaon Marg | New Delhi | 110049 | India |</span></strong></span></p> <p style="margin: 0; margin: 0;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif; color: #003399;"><span style="color: #000000;">Work: +91-11-4175 2512 | Mob: +91- 9873 3333 48 | <a href="http://www.lpcurry.com/" target="_blank">www.lpcurry.com</a> | </span><br /> </span></strong></p> <p style="margin: 0; margin: 0;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><span style="color: #800080;">Private Finance | Project Finance | Corporate Finance | Debt Syndication |</span> <br /> </span></strong></p> <p style="margin: 0; margin: 0;"><span style="color: #800000;"><em><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></em></span></p> </div> <span style="color: gray;">Get Social!!</span> <a href="http://in.linkedin.com/in/vijaysinghrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/linkedin.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://in.linkedin.com/in/vijaysinghrana" style="color: black; text-decoration: underline;"><span style="color: black;">LinkedIn</span></a> <a href="http://twitter.com/LPCurry" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/twitter.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://twitter.com/LPCurry" style="color: black; text-decoration: underline;"><span style="color: black;">Twitter</span></a> <a href="http://www.facebook.com/lpcurry.page" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebookpage.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/lpcurry.page" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook Page</span></a> <a href="http://www.facebook.com/2vijayrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebook.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/2vijayrana" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook</span></a> <a href="http://blog.lpcurry.com/" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/blogger.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://blog.lpcurry.com/" style="color: black; text-decoration: underline;"><span style="color: black;">Blogger</span></a><br /> </div> <img src="https://wisestamp.appspot.com/pixel.png?p=mozilla&v=3.11.21&t=1339957743310&u=4b71d4900c4ca423" height="1" width="1" /></div> </div></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com0tag:blogger.com,1999:blog-3062319299165327624.post-84886064591161475892012-05-29T04:36:00.001-07:002012-05-29T04:36:34.557-07:00Noida Real Estate Prices crashed<div class='posterous_autopost'> <div style="margin: 0; font-family: Georgia,Helvetica,Arial,Sans-Serif; line-height: 140%; font-size: 13px; color: #000000;"> <p>Do real estate projects and infrastructure development go hand in hand? Yes, say realtors on the Yamuna Expressway.</p> <p>Going by industry estimates, property prices around Noida and Greater Noida slumped by 25-30% after the Uttar Pradesh Government cancelled the greenfield airport project at Jewar in Greater Noida.</p> <p>The Yamuna Expressway is a fast-lane highway connecting Delhi and Agra via Noida and Greater Noida. Realtors had reportedly invested over Rs 70 billion in the zone, hoping to gain from the development there.</p> <p>The Uttar Pradesh Chief Minister, Akhilesh Yadav, had scrapped the Taj International Airport in Jewar that was hanging fire since the idea was first floated in 2001.</p> </div> <p /> <p /> <small><small><small><span>Posted:</span> 28 May 2012 03:17 AM PDT</small></small></small><br /> <small><small><small>By Accommodation Times Bureau</small></small></small><p /> <p /> <p /> <br /> <div> <div style="font-size: 13.3px; font-family: Verdana, Arial, Helvetica, sans-serif;"> <div style="border-top: 1px solid #e5e5e5; padding-top: 0.8em;"> <div style="margin: 0 0 8px 0;"> <p style="margin: 0;"> <br /> <span style="color: #3366ff;"><strong><span style="font-size: 11pt; font-family: Century Gothic,sans-serif;">Loans & Property Curry</span></strong></span><span style="color: #000000;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><br /> 116-B, 1st Floor, Shahpur Jat, Khelgaon Marg | New Delhi | 110049 | India |</span></strong></span></p> <p style="margin: 0; margin: 0;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif; color: #003399;"><span style="color: #000000;">Work: +91-11-4175 2512 | Mob: +91- 9873 3333 48 | <a href="http://www.lpcurry.com/" target="_blank">www.lpcurry.com</a> | </span><br /> </span></strong></p> <p style="margin: 0; margin: 0;"><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"><span style="color: #800080;">Private Finance | Project Finance | Corporate Finance | Debt Syndication |</span> <br /> </span></strong></p> <p style="margin: 0; margin: 0;"><span style="color: #800000;"><em><strong><span style="font-size: 7.5pt; font-family: Century Gothic,sans-serif;"></span></strong></em></span></p> </div> <span style="color: gray;">Get Social!!</span> <a href="http://in.linkedin.com/in/vijaysinghrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/linkedin.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://in.linkedin.com/in/vijaysinghrana" style="color: black; text-decoration: underline;"><span style="color: black;">LinkedIn</span></a> <a href="http://twitter.com/LPCurry" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/twitter.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://twitter.com/LPCurry" style="color: black; text-decoration: underline;"><span style="color: black;">Twitter</span></a> <a href="http://www.facebook.com/lpcurry.page" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebookpage.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/lpcurry.page" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook Page</span></a> <a href="http://www.facebook.com/2vijayrana" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/facebook.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://www.facebook.com/2vijayrana" style="color: black; text-decoration: underline;"><span style="color: black;">Facebook</span></a> <a href="http://blog.lpcurry.com/" style="text-decoration: underline;"><img src="https://s3.amazonaws.com/images.wisestamp.com/blogger.png" border="0" height="16" width="16" style="padding: 0px 0px 5px 0px; vertical-align: middle;" /></a> <a href="http://blog.lpcurry.com/" style="color: black; text-decoration: underline;"><span style="color: black;">Blogger</span></a><br /> </div> <img src="https://wisestamp.appspot.com/pixel.png?p=mozilla&v=3.11.21&t=1338291209221&u=4b71d4900c4ca423" height="1" width="1" /></div> </div></div>LPCurryhttp://www.blogger.com/profile/10512910649691035908noreply@blogger.com3