Tag: Middle Class

Realty Prices To Further Shoot Up

July 9, 2010 – 8:31 am

nIt is very likely that the Real Estate prices in the country will shoot up further with the Finance Ministry’s decision of not withdrawing 2.5% service tax. This move was proposed by the Urban Development Ministry in the budget of FY10-11. The budget had earlier proposed this tax on all under-construction projects. And it is […]

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Khaleeji raises $164m for India venture

May 22, 2008 – 7:04 am

Khaleeji Commercial Bank has collected $163.5 million of equity from investors across GCC for Danat India Investment Company. Danat will invest in a real estate development project near New Delhi, targeted at the expanding middle class of India. India, presently one of the foremost rising markets is predicted to be the world’s 3rd biggest economy […]

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Low-Cost Housing For Every Middle-Class In Metro

February 1, 2008 – 1:39 am

Year 2008 has some excellent news in store for private developers and middle-income home buyers. For, minister of state for urban development Ajay Maken has freshly started the procedure of providing ground to private developers in Delhi with 40% floor space index (FSI) for developing low-cost housing. “With this move, private developers can use surplus […]

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