Hilly hospitality may cost less

Follow Prabhjot Bedi on Twitter Buying hotel and resort properties located in hill stations after Budget 2007 could turn out to be a good investment avenue. The Centre is considering a no-tax regime for 10 years for hospitality projects in hilly states that include Sikkim, Jammu & Kashmir, Uttaranchal and Himachal Pradesh. Also, hilly states have been asked to reduce stamp duty on purchase of land to promote the hospitality sector.

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