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Month: April 2017

Top 4 Cities to Honeymoon in France

Couples who are planning their honeymoon will always want to go somewhere romantic. However, they will also want a destination that has both adventure and opportunities for relaxation. France is a country that has all three of these things, so couples can begin their lives together in the way that they wish. Paris is at the top of the list, of course, because the city is usually the one that everyone thinks about when they are looking for romance. Couples can spend days walking throughout the city and each walk will seem like a romantic stroll, even if hundreds of other people surround them. Every evening will bring a candlelight dinner in a new and exciting restaurant with delicious cuisine too. The French Riviera always comes in second to Paris, but in the next few years, it may increase in popularity. Since the area is not considered a major honeymoon destination, the prices are cheaper and the crowds are fewer. The French Riviera is on the beach, so couples can enjoy the sun and the sand, while vacationing in a larger city. Versailles can be considered the most elegant honeymoon destination in France. Most couples may find themselves a little overwhelmed during a visit to Versailles Palace and the surrounding gardens. The entire palace is filled with intricate details as well as too many framed paintings to count. A...

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GREATER NOIDA OPEN-ENDED INDUSTRIAL PLOT ALLOTMENT SCHEME

News The Greater Noida Development Authority has launched an open-ended industrial scheme for allotment of industrial plots in Greater Noida phase 1 sectors. The rates for the plots range from INR 3900 per sq m to INR 10,790 per sq m (applicable till March 31, 2017). However, for industrial facilities such as warehousing, research and development center, tool room, test labs, cable TV network, weigh bridge maintenance and packing machineries, the applicable rates are one and a half times more than the prevailing industrial rate of that area. To make the environment more business friendly, the allotment letters will be issued within a month of approval from the authority through an online process. According to the scheme, the money would be refunded to the unsuccessful applicants with 4% simple interest for the delayed period after one year. In line with the previous policy, an early production incentive is also available at INR 50 per sq m for the units that will start production within two years from the date of allotment or will construct at least 50% of the permitted covered area. Colliers Research view The open-ended industrial plot allotment scheme should build a more conducive environment for manufacturing firms to set up their base and will boost employment in Greater Noida area. In the past couple of months, Noida market has been witnessing increased attention from technology and...

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TAX TREATMENT OF BLACK MONEY UNEARTHED ON DEMONETISATION – GOVERNMENT INTRODUCED TAXATION LAW (SECOND AMENDMENT) BILL 2016 IN LOK SABHA

News The Government introduced Taxation Laws (Second Amendment) Bill, 2016 in Lok Sabha to address the tax treatment of black money unearthed on demonetisation. The proposal provides an opportunity for taxpayers to declare their undisclosed income either by (a) paying tax, surcharge and cess @ 77.25% (but without immunity from certain other laws) or (b) make declaration under a new limited window scheme by paying tax, surcharge and penalty @ almost 50% and block at least 25% of undisclosed income in an interest-free deposit for four years (with immunity from certain other laws). Taxpayer who does not avail of above opportunity can face stringent penalty ranging from 10% to 60% (in addition to 77.25% tax) apart from other adverse consequences under the Income tax law such as interest, prosecution, etc. Colliers Research view­ This can be another opportunity for the tax defaulters to declare their unaccounted income. Once the bill is approved, it will be another historic step by the government towards achieving a more transparent and corruption free environment leading to a more progressive economy. The government plans to use this revenue for the welfare of the poor under ‘Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016’ (PMGKY) proposed in the bill. This program is in line with the Government’s initial manifesto agenda to provide basic infrastructure to all, as this amount is proposed to...

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APPROVED INTERIM DEVELOPMENT PLAN (IDP) LIKELY TO EXPEDITE OVERALL DEVELOPMENT OF NAVI MUMBAI AIRPORT INFLUENCE NOTIFIED AREA (NAINA

News The Maharashtra State Government has finally approved the pilot project of the Navi Mumbai Airport Influence Notified Area (NAINA). It is one of the largest planned Greenfield developments in Navi Mumbai. City and Industrial Development Corporation (CIDCO), which is designated as the Special Planning Authority (SPA) for NAINA had submitted an Interim Development Plan (IDP) for 23 villages in Panvel taluka admeasuring around 3700 Ha. The IDP was prepared to avoid any haphazard commercial or residential development around the proposed international airport. The villagers who have surrendered land under the NAINA scheme will get planned plots with additional floor space index (FSI) from CIDCO. Colliers Research view­ The NAINA project has a locational advantage of being in proximity to an existing suburban railway network, national highways, state highways and the proposed Multi-Modal Corridor (MMC) apart from the proposed International airport. Also, the existing Navi Mumbai infrastructure network can be extended to the proposed Greenfield development. The real estate prices in this area has witnessed a price appreciation after the announcement of the international airport and the NAINA scheme initially. However, the prices are almost stagnant since the last few years due to delay in approvals. According to various sources, several projects are awaiting approvals and commencement certificates in this region. The IDP approval should expedite the overall approval process. However, in our opinion, a further increase in prices...

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Bengaluru contributes 37% of total office absorption: City tops the charts

Five months on from demonetisation, occupiers’ markets across India’s major cities have seen no discernible adverse impact. On the back of recovering economy, the India office market is likely to remain firm in the coming quarters. The gross office take-up in India amounted to 9.3 million sq ft (863,998 sq m). Although Q1 leasing volume represents a 25% decline q-o-q, volume is up by 8% y-o-y. The market also recorded about 2.5 million sq ft (232,258 sq m) of pre-commitments signifying healthy demand. The macro-economic scenario indicates revival in consumption base demand and the recent government push for digitisation of money transactions should continue to drive demand from fintech sector. However, concern of skill gap in technology sector is on the rise. Increased demand for high skilled work such as automation, Internet of Things (IoT), big data and analytics instead of process-based work may lead to a short-term skill gap in the tech sector and disrupt expansion plan of technology companies in the next 2-3 years. In our opinion, this may lead to more demand coming from consolidation”, Surabhi Arora, Senior Associate Director, Research, Colliers International India. The Bengaluru (Bangalore) market maintained its top position across nine cities despite low vacancy and recorded an overwhelming share of 37% of total absorption. Mumbai and Delhi NCR followed with shares of 18% and 17% respectively in total absorption. Chennai, Pune, Hyderabad...

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Increase in ready reckoner rates in Maharashtra; cost of buying up marginally

The state revenue department of Maharashtra recently hiked the ready reckoner rates by an average rate of 5.86% across the state. In Mumbai, the ready reckoner rates are increased by 3.95% as opposed to 7% last year while in Pune the rate has increased by 8.5% against 11% last year. Ready reckoner rates are the minimum rate at which the sale or transfer of a plot, built-up house, apartment, or a commercial property can be registered. These rates form the basis of stamp duty and registration charge calculation for a property. Colliers Research View The rational for increasing ready reckoner rates is to reduce the gap between the ‘going market rate’ at which transactions are happening and the government prescribed minimum value for registration of properties. Demonetisation has adversely affected the real estate markets especially residential sector in Maharashtra. The increase in ready reckoner rates will further increase the cost of buying marginally. However, sales are unlikely to impact further as the market is primarily driven by end-users and sale transactions had already reduced to lowest in the past couple of months. Thus, we do not expect much impact on market...

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Non Destructive Testing (NDT) Training, Certification and Consulting resourse

Non-ruinous testing (NDT) is a technique for looking at a section or get together without modifying or annihilating the test question. It is utilized widely in a wide range of operations requiring the utilization of apparatus and channeling frameworks, for example, seaward, refineries, shipbuilding, avionics, and atomic plants. Since NDT permits exhaustive review of a part without harming or adjusting the trustworthiness of the segment, it is an important method that can spare time and cash in item investigation. Guaranteeing item unwavering quality in the operation of any segment is the objective of NDT, to secure lives and property....

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Spotlight on Cybersecurity in New York and Singapore With Top Cyber Security Speaker Edgar Perez

Edgar Perez, author of The Speed Traders and Knightmare on Wall Street, has partnered with Terrapinn Training for 3-Day Masterclass in Cybersecurity to bring key insights for CEOs and board members in New York and Singapore on cyber security. New York City, NY, USA — Mr. Edgar Perez, author of Knightmare on Wall Street and The Speed Traders, returns to New York and Singapore with his insightful analysis and prescriptions for organizations to thrive in today’s information-driven economy. In addition to learning how to better prepare their organizations to face today’s cybersecurity challenges, participants at Terrapinn Training’s 3-Day Masterclass...

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Flying Grand Regulator From Chronoswiss Is A Study In Masterful Minimalization

The new Flying Grand Regulator Skeleton Limited Edition from Chronoswiss is a study in masterly minimalization from the Swiss atelier. With its vestigial dial and a skeletonized movement, this is a stunning timepiece, both innovative in design and avant garde in appearance. The result is a multidimensional Regulator watch with an elaborately constructed dial and deep insights. The skeletonization exudes a particularly contemporary aura due to the masculine size of 44 mm and the innovative clear lines of the piece. In addition to the uncomplicated language of design, the dynamic colouring with lots of black and red accents supports...

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Global Auto Tyre Market Trend 2017 Key Segment By Manufacturers, Regions, Type and Forecast 2022

The Spire Market research study, titled Worldwide Auto Tyre Market 2017, presents critical information and factual data about the Auto Tyre market globally, providing an overall statistical study of the Auto Tyre market on the basis of market drivers, Auto Tyre Market limitations, and its future prospects. The prevalent global Auto Tyre trends and opportunities are also taken into consideration in Auto Tyre industry study. Get Free Sample of Auto Tyre Market Here: http://www.spiremarketresearch.com/global-auto-tyre-market-research-report-2017/#request_for_sample Global Auto Tyre Market 2017 report has Forecast Compound Annual Growth Rate (CAGR) in % value for particular period for Auto Tyre market, that will...

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