MHADA’s Affordable Housing Bonanza: A Lifeline for Mumbai Homebuyers
The Maharashtra Housing and Area Development Authority (MHADA) is set to offer a much-needed respite to Mumbai’s homebuyers with its upcoming lottery featuring over 2,000 apartments. Catering to a diverse range of income groups, the lottery promises to alleviate the city’s acute housing shortage and make homeownership a tangible reality
RMZ Corp and CPP Investments Ink $264 Million Deal with Keppel for Chennai Office Complex
Bengaluru-based real estate giant, RMZ Corp, in partnership with Canada Pension Plan Investment Board (CPP Investments), has successfully concluded the sale of their prime Chennai office asset, One Paramount 1, to Singapore-based Keppel Corporation for a substantial $264 million. This strategic divestment marks a significant milestone for both RMZ and
Homeowners Breathe a Sigh of Relief as Government Offers LTCG Tax Flexibility
The Indian government has introduced a significant relief for property owners by amending the Finance Bill 2024. The new provision grants taxpayers the flexibility to choose between two methods for calculating Long-Term Capital Gains (LTCG) tax on property sales. Previously, the proposed removal of indexation benefits for LTCG on property
Finance Ministry Weighs Major Overhaul of Property Taxation
The Indian finance ministry is poised to introduce substantial changes to the tax laws governing property transactions. The proposed amendments, driven by growing discontent over indexation benefits on long-term capital gains (LTCG) from property sales, are expected to have far-reaching implications for the real estate sector and taxpayers alike. Indexation,
DDA Begins Handover of Golf View Condos in Dwarka
A new chapter is unfolding for eager homebuyers as the Delhi Development Authority (DDA) commences the distribution of possession letters for its highly anticipated Golf View Condos in Dwarka Sector 19B. Launched earlier this year with much fanfare, the project has generated significant interest among home seekers. Under the watchful
Raymond Delivers Strong Q1 Performance
Raymond Limited has announced a stellar start to the fiscal year 2025, with its net profit surging by a commendable 27% to reach Rs 57.04 crore in the first quarter. This marks a substantial improvement over the corresponding period in the previous year. Contributing significantly to this impressive performance is
DDA Announces Major Housing Initiatives
The Delhi Development Authority (DDA) has taken significant strides towards addressing the city’s housing challenges. In a high-level meeting chaired by Lieutenant Governor V.K. Saxena, the authority approved several key initiatives. A cornerstone of the DDA’s plans is the introduction of the ‘Sasta Ghar’ housing scheme. This ambitious project is
Max Estates to Develop Grand Luxury Project in Gurugram
Max Estates is set to embark on an ambitious luxury residential project along Gurugram’s prestigious Dwarka Expressway. The developer has secured a sprawling 18.23-acre land parcel for this endeavor, which is projected to generate a substantial revenue of Rs 4,000 crore. This prime location, coupled with Max Estates’ reputation for
Bengaluru Remains the Top Choice for Global Capability Centers
Bengaluru has solidified its position as the preferred destination for Global Capability Centers (GCCs) in India, accounting for a commanding 40% share of office space leased between 2022 and the first half of 2024. A recent report underscores the city’s unparalleled appeal to multinational corporations seeking to establish or expand
Sobha Limited Battles Ransomware Attack
Bengaluru-based real estate giant, Sobha Limited, has disclosed a cyberattack that impacted its IT systems on August 4th. While the company assures minimal disruption to its core operations, the incident underscores the escalating threat landscape for businesses. Ransomware attacks, a form of malicious software that encrypts a victim’s data and
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