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economy
Budget aims to boost realty with tax exemptions for both homebuyers, developers

MUMBAI | BANGALORE: The Interim Union Budget for 2019-20 has provided a major relief to both homebuyers as well as realty developers with several measures aimed at lowering their tax incidence and burden. While the government has pushed the affordable housing agenda further, the proposals are also aimed at boosting the housing demand.Prospective homebuyers can…

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economy
What real estate gained in Budget 2019?

NEW DELHI: Interim finance minister Piyush Goyal presented the interim Union Budget 2019-20 on February 1.According to Goyal, “We are poised to become a five trillion dollar economy in the next five years and aspire to become a ten trillion dollar economy in the next eight years thereafter.”Here is what real estate gained in budget…

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economy
DHFL appoints ‘independent’ accounting firm to verify charges

MUMBAI: Dewan Housing Finance Corp (DHFL) on Thursday appointed an “independent” chartered accountant firm to verify the recent allegations of a Rs 31,000-crore scam involving the company.The development comes after reports emerged that the Ministry of Corporate Affairs might probe the news portal Cobrapost’s claim that the primary promoters of DHFL siphoned off public money…

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economy
Here is what real estate industry expects from Union Budget 2019-20

NEW DELHI: Interim finance minister Piyush Goyal will present the interim Union Budget 2019-20 on February 1. This being the last budget of the current government industry experts are expecting several provisions for the real estate sector.Take a look at what realtors are expecting from the Union Budget 2019-20:Sanjay Dutt, MD & CEO, Tata RealtyThe…

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economy
NCDRC initiates criminal proceedings against Three C Builders

NEW DELHI: The National Consumer Dispute Redressal Commission on Wednesday initiated criminal proceedings against Three C Builders, Three C Universal Developers and its three directors namely Vidur Bharadwaj, Nirmal Singh and Supreet Sing Suri.The court referred the case against Granite Gate Properties, a subsidiary Three C Universal Developers and party to the case, to a…

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economy
Dubai group quotes Rs 7,500 crore for Dharavi’s redevelopment, Adani Rs 4,500 crore

File photo MUMBAI: The Dubai-based Sec Link Group has quoted Rs 7,500 crore, while Adani Infrastructure has quoted Rs 4,529 crore for the redevelopment of Dharavi. The Dharavi Redevelopment Authority had set Rs 3,150 crore as the base price.The two were the only ones to bid for the Rs 26,000 crore (estimated) redevelopment project, financial…

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