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Bengal: Rebate on stamp duty if matched by discount can boost realty sales

The rebate on stamp duty announced by the Bengal government, if equally matched by developers by way of discount, could boost the sales of residential properties in Calcutta, experts feel.
Bengal has reduced stamp duty by 2 per cent and cut circle rate a government pre-decided rate at which a property must be registered in a given location by 10 per cent in its budget in July.
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When a similar announcement was made in Maharashtra in September, many developers extended a matching rebate to make a transaction ‘free’ of stamp duty payment altogether. The end result was record breaking sales and launches. ....

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IHCL and Ambuja Neotia group tie up to roll out 4 new hotels in Bengal and Sikkim

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IHCL and Ambuja Neotia group tie up to roll out 4 new hotels in Bengal and Sikkim
IHCL and Ambuja Neotia group tie up to roll out 4 new hotels in Bengal and Sikkim
While the properties will be built by the realtor, the hospitality company will manage the assets
Indian Hotels Company Ltd (IHCL), the largest hospitality player in the country, may further expand its partnership with the city-based Ambuja Neotia group. The duo is planning to develop four more properties in Bengal and Sikkim, including one at Darjeeling.
Ambuja owns land parcels in Ghoom and near Gorumara forest in North Bengal and in Sunderbans, apart from one at Rabangla in Sikkim. They are likely to be developed under the Taj brand. While the properties will be built by Ambuja, IHCL will manage the assets. ....

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Narendra Modi named Somnath Temple trust chairman, becomes second PM to hold post

Narendra Modi named Somnath Temple trust chairman, becomes second PM to hold post
Modi, one of the trustees of the Shree Somnath Trust, was named to the top post unanimously during a meeting which he attended via video conferencing
File image of Narendra Modi. PTI
Ahmedabad: Prime Minister Narendra Modi was on Monday unanimously chosen as the new chairman of the trust which manages the world-famous Somnath Temple at Prabhas Patan town in Gujarat s Gir-Somnath district, becoming the second PM to hold the post.
Modi, one of the trustees of the Shree Somnath Trust, was named to the top post unanimously during a meeting which he attended by via video conferencing. ....

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PM Modi named Somnath Temple trust chairman

PM Modi named Somnath Temple trust chairman
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He is the second Prime Minister to hold post
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Prime Minister Narendra Modi along with Home Minister Amit Shah offer prayers at the Somnath temple in Gujarat. File photo
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He is the second Prime Minister to hold post
Prime Minister Narendra Modi was on Monday unanimously chosen as the new chairman of the trust which manages the world famous Somnath Temple at Prabhas Patan town in Gujarat s Gir-Somnath district, becoming the second PM to hold the post.
Mr. Modi, one of the trustees of the Shree Somnath Trust, was named to the top post unanimously during a meeting which he attended by via video conferencing. ....

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PM Modi appointed chairman of Somnath temple trust

Published: Monday, January 18, 2021, 21:55 [IST]
Ahmedabad, Jan 18: Prime Minister Narendra Modi was on Monday appointed the new chairman of the trust which manages the world famous Somnath Temple at Prabhas Patan town in Gujarat s Gir-Somnath district.
Narendra Modi
Modi, one of the trustees of the Shree Somnath Trust, was named to the top post unanimously, a senior official of the shrine management body said.
The post of the Somnath Trust s chairman fell vacant after the death of the incumbent, former Gujarat Chief Minister Keshubhai Patel, in October last year.
Patel had served as the trust chairman for several years.
Prime Minister Narendra Modi, who is one of the trustees of the Somnath Temple trust, was appointed the new chairman during a virtual meeting of trustees held today. ....

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