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Mahindra Lifespaces wins redevelopment deal worth 950 crore in Mumbai

Updated on Feb 03, 2025 03:53 PM IST

Mahindra Lifespaces to redevelop three housing complexes in Mumbai’s Lokhandwala with an estimated project value of ₹950 crore

Mumbai redevelopmemt news: Mahindra Lifespaces announced on February 3 that it has secured a 950-crore deal. (Picture for representational purposes only)(Mehul R Thakkar/HT)

Sonakshi Sinha sells an apartment in Mumbai's Bandra for 22.50 crore

Mumbai Real Estate: Bollywood star Sonakshi Sinha sells Bandra luxury apartment for ₹22.50 crore, gaining 61% since 2020 purchase

Mumbai real estate update: Sonakshi Sinha has sold her apartment in Mumbai's Bandra area for Rs. 22.50 crore. (Representative photo)
Published on Feb 03, 2025 12:46 PM IST
ByMehul R Thakkar

UK castle goes up for sale at 225 crore after 700 years of ownership

Ripley Castle, owned by the Ingilby family for 700 years, was listed for sale at ₹225 crore


Ripley Castle, held by the Ingilby family for 700 years, was put up for sale at <span class='webrupee'>₹</span>225 crore.(X/@Grizzlegutweed1)
Published on Feb 03, 2025 11:58 AM IST
ByMahipal Singh Chouhan

Woman pays 1.7 lakh rent for tiny New York apartment with sink-toilet combo

A New York woman shared a viral video of her bizarre sink-toilet combo bathroom, paying ₹1.7 lakh rent for the cramped apartment.

A New York woman went viral after sharing a video of her bizarre sink-toilet combo bathroom.(Instagram/bananabonani)
Published on Feb 03, 2025 10:50 AM IST
ByMahipal Singh Chouhan

Homebuyers' body wants stalled projects to be identified and completed

FPCE said the government must identify builders who have put homebuyers' hard-earned money at risk and debar them from launching new projects.

Homebuyers' body FPCE has said the government should identify builders who have put their hard-earned money at risk and debar them from launching new projects. (Picture for representational purposes only)(HT FILE)
Published on Feb 03, 2025 08:00 AM IST

Dubai Adds New $100 Million Mansions to Lure World’s Ultra Rich

Real-estate firms in Dubai are scrambling to attract more buyers from Europe, Asia and the Americas

Real-estate firms in Dubai scramble to attract more buyers from Europe, Asia and the Americas. (Representational photo)(Pixabay)
Published on Feb 02, 2025 10:37 PM IST
Bloomberg |

GIFT City's Real Estate to Get a Boost with Budget 2025’s IFSC Incentives

Budget 2025 has proposed several incentives and relaxations for the International Financial Services Centre at GIFT City

Finance Minister Nirmala Sitharaman, in her Union Budget 2025-26 speech on February 1, proposed several incentives and relaxations for the International Financial Services Centre at GIFT City.(HT Files)
Updated on Feb 02, 2025 01:26 PM IST

CGST law amendment may hit realty sector: Experts

The government has proposed retrospective amendment in Section 17 (5), which provides an exhaustive list where input tax credit will not be applicable

The government on Saturday proposed a retrospective amendment to the CGST law concerning 'plant or machinery', a move that is likely to adversely impact real estate companies seeking input tax credit on the construction and leasing of commercial assets, said experts. (Picture for representational purposes only)(Pixabay)
Published on Feb 01, 2025 08:19 PM IST
PTI |

Homeowners can now claim tax relief on two properties

Homeowners could earlier claim only one self-occupied property as tax-free; now, they can claim two

Budget 2025: Homeowners can now claim nil valuation for two self-occupied properties instead of one. (Representational photo)(File Photo)
Updated on Feb 02, 2025 01:29 PM IST

Which apartment type can you target with an income of up to 12 lakh?

Budget 2025 exempts income up to ₹12 lakh from taxation under the new regime. This will potentially create more opportunities for such homebuyers to invest

Budget 2025 exempts income up to <span class='webrupee'>₹</span>12 lakh from taxation under the new regime. This makes homeownership more accessible for those in this income bracket. (Representational photo)(iStock)
Published on Feb 01, 2025 06:49 PM IST

TDS limit on rent increased from 2.4 lakh to 6 lakh

The proposed change in Budget 2025 is expected to simplify compliances and reduce the tax burden on small landlords while maintaining tax efficiency.

Finance Minister Nirmala Sitharaman announced on February 1 that the TDS threshold for rental income will be raised from <span class='webrupee'>₹</span>2.4 lakh per year to <span class='webrupee'>₹</span>6 lakh per year.(Sansad TV)
Published on Feb 01, 2025 06:41 PM IST

What Budget 2025 means for homebuyers: More money in hand to boost real estate

The removal of conditions for holding two self-occupied properties in Budget 2025 without any tax implications expected to spur fresh real estate investments 

To boost disposable income and increase affordability for middle-class homebuyers, the Finance Minister on February 1 increased the income tax exemption limit to <span class='webrupee'>₹</span>12 lakh under the new regime. (Representational photo)(Istock)
Updated on Feb 02, 2025 01:30 PM IST

FM announces SWAMIH fund 2.0 for completion of 1 lakh stalled projects

FM said on February 1 that a SWAMIH Fund 2 will be established with ₹15000 crore allocation to help complete an additional 1 lakh housing units.

To help homebuyers stuck with delayed projects, Finance Minister Nirmala Sitharaman said on February 1 that a SWAMIH Fund 2 will be established with <span class='webrupee'>₹</span>15000 crore allocation to help complete an additional 1 lakh housing units. (Picture for representational purposes only)
Published on Feb 01, 2025 01:02 PM IST

Govt to create a 1 lakh crore Urban Challenge Fund aimed at transforming cities

Government to set up ₹1 lakh crore Urban Challenge Fund; allocates ₹10,000 crore for 2025-26.

Finance Minister Nirmala Sitharaman said on February 1 that the government would set up an Urban Challenge Fund of <span class='webrupee'>₹</span>1 lakh crore to finance up to 25 per cent of bankable projects and allocate <span class='webrupee'>₹</span>10,000 crore for 2025-26. (Sansad TV)
Updated on Feb 01, 2025 12:20 PM IST

Real Estate Sector's Expectations from Budget 2025

The real estate sector hopes Budget 2025 will prioritize affordable housing and incentivise developers to build budget-friendly homes.

The real estate sector hopes that Budget 2025 will prioritize affordable housing and provide incentives for developers to build budget-friendly homes. (Representational photo)(Pixabay)
Published on Feb 01, 2025 09:53 AM IST

Will affordable housing subsidies be revived in Budget 2025?

Real estate experts urge the govt to revive affordable housing initiatives and increase tax rebates to support the middle class in Union Budget 2025

With Budget 2025 just a few hours away, real estate experts are urging urgent reforms to boost affordable housing and enhance homeownership for the middle class. (Representational photo)(FILE PHOTO)
Published on Feb 01, 2025 08:18 AM IST

Economic Survey 2024-2025: Around 1.18 crore houses sanctioned under PMAY-Urban

Economic Survey 2024-25 said on Jan 31 that as many as 1.18 crore houses have been sanctioned to beneficiaries of PMAY-U, and over 89 lakh have been completed.

Economic Survey 2024-25 said on Jan 31 that as many as 1.18 crore houses have been sanctioned to beneficiaries of The Pradhan Mantri Awas Yojana – Urban (PMAY-U), and over 89 lakh have been completed. (Picture for representational purposes only)
Updated on Jan 31, 2025 04:41 PM IST

Karnataka's Greater Bengaluru Suburban Project to drive real estate growth

Real estate experts say the project could unlock opportunities for new townships on Bengaluru’s outskirts while keeping land affordable

The Karnataka state government on January 30 approved the Greater Bengaluru Integrated Suburban Project, an initiative to develop Devanahalli, Nelamangala, Hoskote, Doddaballapur, Magadi, and Bidadi as satellite townships around Bengaluru. (Representational Image)(Unsplash)
Updated on Feb 03, 2025 11:13 AM IST
BySouptik Datta

Mumbai property registrations see over 7% growth, surpassing the 11,700 mark

In January 2025, the Maharashtra government generated approximately ₹946 crore in revenue from over 11,700 property registrations

Mumbai real estate update: Property registrations in the city surpassed the 11,700 mark, according to data from the Inspector General of Registration and Controller of Stamps of Maharashtra.(Mehul R Thakkar/HT)
Updated on Jan 31, 2025 03:19 PM IST
ByMehul R Thakkar

Economic survey on real estate sector: Stability and infra growth driving demand

The Economic Survey noted that housing demand in India is expected to touch 93 mn units by 2036. RERA and GST have brought many benefits to the realty sector 

Economic stability and infrastructure growth driving real estate demand across the country, the Economic Survey tabled in Parliament on January 31 has said. (Picture for representational purposes only)(Pixabay)
Updated on Jan 31, 2025 04:09 PM IST

Billionaire recalls how he purchased 1st flat in Mumbai with ‘hard work, jugaad’

Billionaire Anil Agarwal’s post on purchasing his first house has struck a chord with X users, who have labelled his share as “inspiring”.

Indian Billionaire Anil Agarwal shared this photo on X. (X/@AnilAgarwal_Ved)
Updated on Feb 01, 2025 11:32 AM IST

Lodha versus Lodha: Brothers agree to go for mediation to resolve dispute

The Lodha brothers have agreed to mediate their trademark dispute following the Bombay High Court's directive on January 31.

The Bombay High Court on January 31 directed real estate magnates Abhishek Lodha and Abhinandan Lodha to mediate to resolve their disputes over the use of the ‘Lodha’ trademark. (Photo for representational purposes only)(HT Archive)
Published on Jan 31, 2025 01:28 PM IST

DeepSeek an opportunity and not a threat: Data centre infrastructure providers

As AI tools such as DeepSeek become affordable, the volume of data processed will rise, fueling the need for advanced data centres, say stakeholders

Indian data centre infrastructure providers say the emergence of China’s low-cost artificial intelligence platform DeepSeek is expected to increase the need for more data centres rather than reduce demand (For representational purposes only)(Pixabay)
Published on Jan 31, 2025 08:40 AM IST

Greater Noida: Layout plan of Film City gets Yeida approval

Filmmaker Boney Kapoor-led Bayview Bhutani Film City Private Limited, which is the concessionaire for the project, can proceed with construction on the ground

Greater Noida: Layout plan of Film City get Yeida approval
Published on Jan 31, 2025 05:08 AM IST
By, Greater Noida

Ajmera Realty purchases land in Mumbai's Ghatkopar for 51 crore

Ajmera Realty & Infra buys 1,341 sq metre land in Mumbai for ₹51 crore and plans to develop a luxury housing project with an estimated revenue of ₹175 crore

Ajmera Realty & Infra India Ltd (ARIIL) has acquired a land parcel measuring 1,341.1 sq meters for <span class='webrupee'>₹</span>51 crore in the Ghatkopar East area of Mumbai. (Picture for representational purposes only)(Satish Bate/HT Photo )
Published on Jan 30, 2025 03:50 PM IST

Panasonic Life Solutions India buys Andheri land in Mumbai for 160 crore

Panasonic Life Solutions India Private Limited acquired the land from River Rose Developers LLP in the Saki Vihar area in Mumbai’s Andheri East

Mumbai real estate: Panasonic Life Solutions India Private Limited has purchased a land parcel measuring 6,586 sq meters for <span class='webrupee'>₹</span>160 crore in the Andheri area of Mumbai. (Picture for representational purposes only)(Unsplash )
Published on Jan 30, 2025 03:10 PM IST

‘Buying a house will never go out of fashion’: Oberoi Realty's CMD Vikas Oberoi

Mumbai real estate: Oberoi Realty’s Vikas Oberoi has said that there may be ‘high or moderate demand, but buying a house will never go out of fashion’

‘Buying a house will never go out of fashion; it will always be there,’ said Vikas Oberoi, Chairman and Managing Director of Oberoi Realty. (Oberoi Realty)
Published on Jan 30, 2025 02:42 PM IST
ByMehul R Thakkar

KRERA orders real estate developer to compensate buyers for delayed possession

Karnataka RERA holds Bengaluru-based real estate developer liable for delayed possession; orders developer to pay ₹12.7 lakh in compensation to buyers

Karnataka Real Estate Regulatory Authority (KRERA) has ordered Bengaluru-based listed real estate developer Shriram Properties to pay <span class='webrupee'>₹</span>12.7 lakh in delayed compensation after the developer failed to inform the authority and the buyer about the ongoing project litigation at the time of registration. (Picture for representational purposes only)(Pixabay)
Updated on Jan 30, 2025 12:27 PM IST
BySouptik Datta

Here's why high-net-worth individuals may be selling their properties in Mumbai

While motives for HNIs selling properties may differ from investor to investor, one reason may be setting off capital gains against losses in the stock market

Mumbai real estate update: This month, a few high-net-worth individuals (HNI), including several Bollywood celebrities, have sold their properties in the Mumbai real estate market. (Picture for representational purposes only)(Mehul R Thakkar/HT)
Published on Jan 30, 2025 09:12 AM IST
ByMehul R Thakkar

Ghaziabad: Rules framed to standardise fees for different building permits

Developers privy to the issue said the absence of rules attracted the attention of courts, and the latest rules will help in standardisation of different fees

The state government has framed rules for assessment, levy, and collection of impact fee, development permit fee, building permit fee, and inspection fee that are collected at the time of building map approval. (Sakib Ali/HT Archive)
Published on Jan 30, 2025 05:54 AM IST
By, Ghaziabad
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