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Flash on Service tax
The Central Government has notified July 1, 2010 as the date on which the provisions of Finance Act, 2010 relating to introduction of new taxable services as also amendments to existing taxable services would come into force.
Taxable Service of Construction of Complex provided to JNNURM and RAY exempted
In exercise of the powers conferred by sub-section (1) of section 93 of the Finance Act, 1994 (32 of 1994) (hereinafter referred to as the Finance Act), the Central Government, on being satisfied that it is necessary in the public interest so to do, hereby exempts the taxable service of construction of complex referred to in sub-clause (zzzh) of clause (105) of section 65 of the Finance Act, when provided to Jawaharlal Nehru National Urban Renewal Mission and Rajiv Awaas Yojana, from the whole of the service tax leviable thereon under section 66 of the Finance Act
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Research & Analysis
New FDI Policy-Small dose by Government, will it work? March 2009
The new Foreign Direct Investment (FDI) policy aims at simplifying existing norms to attract foreign investment into India. It potentially opens doors for new business opportunities but also raises fresh issues which add to the confusion. DTZ analyses these opportunities and issues with their impact on Indian real estate in this edition of DTZ Research Alert.
Balancing Act for Indian Real Estate, February 2009
In these difficult times, when most economies are struggling to stay afloat, a healthy 7.1% rate of GDP growth makes India the second fastest growing economy in the world.
Despite the global financial crisis, inward FDI flows into India were USD 23.3 bn during April – November 2008, a growth of over 45% over the same period in 2007.
Through a combination of fiscal and monetary measures in the last few weeks and the Interim Budget 2009-2010, the Government has announced the several policy measures to help ease liquidity constraints.
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Industry Overview
Real estate industry in India is currently estimated to be around US$ 16 billion and this sector is growing at a compounded annual growth rate (CAGR) of 30% in recent years.
Growth in this sector is driven by booming IT and ITES (Information Technology Enabled Services) sectors, growing presence of foreign businesses in India, globalization of Indian corporate and rapidly increasing consumer class in the country which provides a huge market for businesses.
This sector consists of four major segments : Residential (Housing), Commercial (Office Space), Retail and Hospitality asset classes. Demand-supply gaps are present across all segments of the industry.
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Industry Statistics & Indices
FDI in Real Estate sector: India and China
A comparision of Foreign Direct Investments (FDI) in the Real Estate sector in India and China. China is much ahead of India in FDI receipts in this sector.
Share of Housing, Real Estate and Construction sectors in India's Gross Domestic Product (GDP)
Shares in percentage and corresponding absolute values for each of these sectors are given in the table.
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Tools & Utilities
This section contains compilation of explanation of various terminologies, metrics, jargons and links for additional resources typically used in the real estate industry.
Resources collected from various sources have been used for this purpose.
Users are requested to send their feedback and suggestions for enhancement and coverage of the subject matter in this section.
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Investor's Corner
Real Projects and Developers: ICRA Credit Ratings Grading Scale
ICRA’s Grading symbols for rating the Real Estate Project and their implications are as discussed here.
Weights for Capital Valuation of Realty
Basic idea of this section is to develop a resource base for the investors and highlight investment opportunities in Real Estate and Construction projects.
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Policy Update
