Massive growth continues, but high inflation persists
India is the world's second most populous country, with 1.2 billion people in 2010.
Occupying more than three quarters of the land mass of South Asia, it is an emerging
economic powerhouse. India’s economy is the 4th largest in the world at purchasing
power parity (PPP) terms and 11th largest at market exchange rate .....
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Courtesy:
www.globalpropertyguide.com/Asia/India
For Surendra Hiranandani, the Future of Indian Real Estate is 'Definitely Bullish'
While foreign capital rushes into the Indian real estate market, the long-term future
of the industry lies in the hands of Indians themselves, according to Surendra Hiranandani,
founder of the Mumbai-based Hiranandani Group. He spoke with India Knowledge@Wharton
following his appearance on a panel about "Global Hot Spots" during a meeting hosted
by Wharton's Samuel Zell and Robert Lurie Real Estate Center ..... Read More
Courtesy: www.knowledge.wharton.upenn.edu/india/
New property tax system to be introduced soon
Though preparations for the Unit Area Assessment (UAA) system had been completed
in January, the Trinamool Congress-run Kolkata Municipal Corporation (KMC) did not
introduce it because of objections raised against some of the parameters suggested
by the municipal valuation committee. The panel, that was formed eight months ago
to finalise the new method of taxation, came up with a formula that divided the
city into seven tax zones (A to G), based on factors like location, age of the property
and amenities enjoyed. According on that, the civic body will calculate the new
rate of property taxes.
Courtesy: content.magicbricks.com/new-property-tax-system-to-be-introduced-soon
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