Archive for September, 2010
September 27th, 2010 | 
Author: It was the middle of the month and that was when my son crashed his bike. I had bill payments still pending, a check I had issued with insufficient funds in the bank and to top it all my son’s bike repairs to pay for. These financially tight times made me turn to AdvanceLoan.net to help me tide over the crises.
All I needed active checking account, direct deposit and a job all three which I already had. I filled the online application form at AdvanceLoan.net to procure a payday loan more like a cash advance, paycheck loan, or payday advance that which allows you to get cash for a short time period against your next paycheck.
AdvanceLoan.net attempts to match you with a lender that can provide you with the cash you need. The lender will contact you to complete the process, review the terms of your loan and discuss repayment and extension options. The website is easy to navigate and has all the online application forms listed in the sitemap, a FAQ’s section that is very comprehensive and a contact page. Very simple yet very effective is what I think of www.advanceloan.net.
As part of the Government initiatives to boost real estate boom sector India, RBI has declared concessional schemes for the real estate sector. Such initiatives include:
• Urban Land (Ceiling and Regulation) Act, 1976 (ULCRA) repealed by increasingly larger number of states.
• In case of integrated townships, the minimum area to be developed has been brought down to 25 acres from 100 acres.
• 51 per cent FDI allowed in single-brand retail outlets and 100 per cent in cash-and-carry through the automatic route.
• Full repatriation of original investment after three years.
• Minimum capital investment for wholly-owned subsidiaries and joint ventures stands at US$ 10 million and US$ 5 million, respectively.
• 100 per cent FDI allowed in realty projects through the automatic route.
Further, in its endeavour to initiate new policies to boost the real estate sector in India, the Ministry of Commerce and Industry, Government of India, has taken steps to reduce the time taken to develop special economic zones (SEZs) by simplifying the procedures to get the tax-tree industrial enclaves notified. Now developers can easily get their land classified as an SEZ at the outset itself by producing title deeds to prove their ownership. Again, the Government has announced several concessions in the Budget 2008-2009.
New Government initiatives to boost sector of Real Estate India include granting a tax holiday on profits from initiates in the financial year 2007-2008. In order to enjoy this benefit, the housing projects should be of the affordable housing unit type of 1000 to 1500 square feet. Another condition is that such projects should be completed by March 1, 2012. Further, the Finance Ministry has allocated US$ 207 million to grant 1% interest subsidy on home loans up to US$ 20, 691. In order to avail this benefit, the cost of the home should not be above US$41, 382. It is believed that these initiatives will be add further impetus to the real estate sector in the country.
Posted in Auto Star Finance | 
Tags: Number Of States, Reserve Bank Of India, Title Deeds | No Comments »
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