Category: construction

What is land tax?

Land tax or property tax is the fee paid on the purchase of a built property. However, who pays it, what are the benefits and how it is calculated? Let’s examine. When planning to purchase a land/plot or a built property, it is imperative to give adequate attention to additional costs such as stamp duty and registration fee to organise the finances better. However, while these are one-off...

Power Mech Projects secures contracts worth Rs.500 crore

Power Mech Projects Ltd has received Letter of Intent/Work Orders worth Rs 500 Crores. - Erection, testing, commissioning etc. of Boiler & Auxiliaries of 1 *660 MW unit # 1 including auxiliary boiler for 2*660 MW including operation and maintenance at Maitree, Bangladesh for a contract value of USD 1,64,74,184 (approximately Rs 105 crores) to be completed within a period of 31 months. -...