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Pune (Maharashtra) [India], February 6 (ANI/PRNewswire): To expand business operations and growth opportunities in the region, Colliers has appointed Ruchika Choudaha to lead the Office Services business in Pune. An accomplished real estate professional with over 13 years of rich experience to her name, she is one of the most sought-after leaders in the industry. Ruchika has been associated with some of the major players in the real estate sector including JLL and Cushman & Wakefield, holding senior positions and leading high-performing teams. With deep market intelligence and industry expertise, she had been the foremost advisor for renowned developers, investors and occupiers. She will work closely with the senior leadership to help build scale in the region and strengthen Colliers India's position in the commercial real estate market. With her enhanced capabilities and excellent industry relations, she will drive exceptional results for clients and amplify the brand. The rea
Mumbai (Maharashtra) [India], February 2 (ANI/PRNewswire): The proposed Union Budget 2023-24 largely focuses on green growth, urban infrastructure, and technology. Contrary to the expectations, there were no direct announcements for the real estate sector. However, the government continued to focus on the affordable housing segment by increasing the capital outlay. The commercial real estate sector would also be benefitted by the incentives provided for start-ups, fintech companies and enhancing ease of doing business. The budget has brought in parity in terms of taxation on all kinds of income for REIT/InvITs unitholders. Income received by REIT/InvITs unitholders in the form of 'repayment of debt' to be taxed from April 2024, which was earlier a pass through. "The Union Budget 2023 has emphasized the need to accelerate economic growth, create new job opportunities, and build resilient infrastructure. Even though there was little for the real estate sector, especially our