According to a report by the Associated Chambers of Commerce and Industry of India (ASSOCHAM), Gujarat received the largest realty investment in the last fiscal year.
AHMADABAD: Gujarat is one of the most sought after locations for realty investment. The report of the Associated Chambers of Commerce and Industry of India proves this. Continue reading
Increase in the Value added tax (VAT) may affect the real estate sector adversely. Industry experts stated that increase in VAT would result in materials for construction.
It is true that the budget 2013 has not done any indirect harm to the realty sector. The budget, though did not help the sector, cannot be termed as unfriendly to the real estate sector. However the realty players in the state fear that the proposed increase in VAT would affect the realty sector.
The prices for cement, wood and paint are likely to go up with the proposal to increase VAT. The prices of the above mentioned items are directly related to construction. So in short the prices of the raw materials will have an impact on the property prices too. The property prices will shoot up proportionately.
The budget 2013 has proposed an increase of 1.5% of VAT. This will directly affect the prices of the raw materials used for construction. Continue reading
Secura Investment Management (India) Pvt. Ltd. has raised Rs.50 Cr in the form of real estate fund through its Scheme- 2. Secura’s first real estate fund was launched in the year 2009.
Secura Real Estate Fund Seheme-2 is the first SEBI– certified realty fund in Kerala. As Secura’s new fund comply with the Islamic Finance rules, it has been certified by Shariah. By this it has become the first Shariah- Certified realty fund in India.
After the successful completion of Scheme-1, Kozhikode – based SECUM Investment Management has come up with Scheme -2 of Secura India Real Estate Fund. The Rs.50 Cr fund is the first of Kerala funds to be certified by Securities and Exchange Board of India (SEBI). Continue reading