SYSTEM OF DAILY REGISTRATION TO ATTRACT LOCAL FILM LOVERS
The Minister of State for Information & Broadcasting, Shri Anand Sharma held the first meeting of the Organising Committee of the 39th International Film Festival of India (IFFI) 2008 today in New Delhi to review the arrangements for the forthcoming festival at Goa starting on November 22. Shri Sharma said that the Indian Cinema has over the years attracted global attention, and the events like IFFI-2008 should serve as a platform to evoke greater interest of global audience. He further mentioned that the IFFI should be organized in a manner befitting India’s position as the largest producer of films in the world. The event should be mutually enriching both for visiting delegates from International film arena and Indian film industry. …more »

Sonepat

From being a “pastoral location” to “one of the most sought after areas” in Indian Real Estate, Sonepat has come a long way. The upcoming 135 km KMP Expressway is the main attraction for developers. The area between Kundli and Sonepat town falls under an industrialized zone. Atlas Cycle, Hilten Rubber, Indo Adean Fusegear, ECE, Hindustan Everest Tools and Satnam Overseas, LT Overseas (Dawat Basmati Rice), Osram, GSK’s Horlicks are some well known brands that have units here.

Land rates have witnessed an average appreciation of almost 100 – 150 % over the last few years. Residential property rates range from Rs.10,000 to Rs15,000 per sq. yd. For apartments prices vary from Rs.1,700  to Rs.2,200 per sq. ft. Commercial properties stand at around Rs.5,000 to 7,000 per sq. ft.  

Mumbai’s New Corporate Destination

As Mumbai’s most expensive corporate address, the Bandra-Kurla Complex, better known as the BKC, has been making news recently, courtesy the regularity of its record-breaking property deals. With big-ticket players like ICICI, BoB, SBI, NSE and UTI making their presence felt, it is also the city’s new financial nerve-centre. And this may well be just the beginning as more corporate and realty majors line up to get a piece of this prime real estate in a land-starved city.

Rajesh Kulkarni

I t has been more than a decade since the Maharashtra government pegged the Bandra-Kurla Complex (BKC), as Mumbai’s new Central Business District (CBD), but it has taken the turn of the new millennium and the relocation of financial sectors giants like the Bank of Baroda, ICICI, National Stock Exchange, SBI, BoI, ILFS and UTI, which moved their headquarters here, for BKC to justify this title. The past year has seen this commercial hub witnessing some stupendous action on the realty front with property deals being struck at record-breaking prices.

                                                                                    Courtesy – realty plus

THE ORCHARD IN GURGAON

New concept of living in “THE ORCHARD“, sector 71, On Golf course Sohna Link Road, Gurgaon. A Prime Location you had been waiting for to have your home, nestled in a lush green, away from pollution and on Golf Course Sohna Link Road, 20 minutes drive from International Airport and only .Well connectivity all Gurgaon addresses.

Note

The Basic unit price is escalation free, but subject to revision / withdrawal from time to time without notice at Company’s sole discretion.

Prices are effective as on date.

Prices, terms and conditions stated herein are merely indicative with a view to acquaint the applicant and are not exhaustive.  For detailed Terms and Conditions please refer to the Buyers Agreement.

One covered car parking with each Apartment.

Stamp duty & Registration charges shall be payable along with the last installment as applicable.

Attractive Housing Loan options available from various financial institutions.

The company would pay penalty to its customer’s @Rs.5 per sq. ft. per month for any delay in handling over the product beyond the committed period of three years from the date of execution of agreement.  Similarly, the customer would be liable to pay holding charge @Rs.5/- per sq. ft. per month, if he/she fails to take possession within 30 days (one month) from the date of issue of occupation certificate.

 Any further and detail information visit website http://www.zameen-zaidad.com 

Units Need To Be Only Forex Earners

HERE is some good news for units located in special economic zones (SEZs). The government has dropped a proposal for imposing a minimum 51 % mandatory export obligation on such units. There would be no changes in the present SEZ rules, which lay down that SEZ units need to be only net foreign exchange earners.

  The decision taken at a recent meeting of the empowered group of ministers (eGoM) on SEZs would come as a huge relief to investors in SEZ units, both foreign and domestic, as they would not be forced to start exporting from the first year of operations.

  “There are a number of cases, like the Nokia unit in Sriperumbudur, where investors did not export much in the first year. However, they started exporting a huge chunk of their total production subsequently. A minimum export obligation would take away this flexibility which units enjoy at the moment,” an official of the commerce department said.

  It was the finance ministry which has proposed that the net foreign exchange earner criteria for SEZ units –which means that each unit’s exports should be more than its imports –was not enough to ensure that substantial exports take place from the units. It said that some units could also escape by not exporting anything if their import content was low.

  The commerce department, however, argued that since units in SEZs get tax benefits only on the products they export, they would, on their own, want to export as much as possible. In fact, at present, more than 80% of goods produces in SEZ units are exported, the official pointed out.

  The proposal was debated at a number of eGoMs but no decision could be taken earlier. However, with the chairman of the Prime Minister’s Economic Advisory Council, C Rangarajan, stating earlier this year that export obligation on SEZ units was not necessary, the commerce department’s case got strengthened.

  “In the recent eGoM meet earlier in August, everybody agreed that it was not necessary to import an export obligation on SEZ units and the idea should be given up, “the official said.

  Exports from SEZ were estimated at Rs 66,638 crore in 2007-08. This was 92% higher than exports of Rs 34,615 crore from the zones in 2006-07.