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SBI to refund home loan borrowers if builder delays project

Thursday, January 9, 2020, 3:05 PM

To give fillip to the real estate sector, India's largest lender State Bank of India launched a home buyer finance guarantee scheme under which the lender would refund the entire principal amount if the developer fails to deliver the project within the assured deadline. The refund scheme will be valid till the occupation certificate is procured by the builder.
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PE inflows in real estate at over $5 billion in 2019: Study

Wednesday, January 8, 2020, 8:50 PM

Indian commercial real estate retained its Numero Uno position and continued be a preferred destination for global institutional investors in the backdrop of robust office space take-up, falling vacancy levels and rising rentals. Indian real estate attracted more than $5 billion private equity (PE) inflows in 2019. Of this, over 66% or $3.3 billion was infused in the commercial real estate.
 
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Google to end 'Double Irish, Dutch sandwich' tax scheme

Wednesday, January 1, 2020, 11:03 AM

Google parent Alphabet will no longer use an intellectual property licensing scheme, known as the "Double Irish, Dutch sandwich", which allowed it to delay paying U.S. taxes, 2018 tax filings show. A Google spokesman on Tuesday confirmed it would scrap the licensing structure, saying this was in line with international rules and followed changes to U.S. tax law in 2017.

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