The government's move to tweak the long-term capital gains (LTCG) tax regime proposed in the Finance Bill 2024 and re-introduce the indexation benefit is likely to boost the investments and spur housing sales in the country, industry executives believe. "By enabling taxpayers to choose the lower tax burden between the new and old schemes, the amendment is poised to drive investment and enhance sales across housing segments," said Niranjan Hiranandani, chairman of the Hiranandani Group. In Budget 2024, Union Finance Minister Nirmala Sitharaman proposed an overhaul in the capital gains tax regime, including lowering the LTCG tax to 12.5 per cent from 20 per cent.
Insurance sector regulator IRDAI has given conditional approval to Hinduja Group firm IndusInd International Holdings Ltd (IIHL) for the takeover of debt-ridden Reliance Capital. "We are happy to acknowledge the receipt of approval from IRDAI yesterday (May 10, 2024) on the auspicious occasion of Akshay Tritiya. "The approval is subject to certain 'regulatory, statutory, and judicial' clearances/compliances," an IIHL spokesperson said in a statement.
Provisions in the Central GST Act say reduction in GST rates or the benefit of ITC must be passed on to consumers.
As Donald Trump registered a historic comeback in the US presidential election, many former Indian diplomats on Wednesday concurred that the India-US ties will "continue to grow" from strength to strength, even as some of them cautioned that Trump is "highly unpredictable" and New Delhi will have to "wait and watch" to see what position he adopts going forward.
Liquor sales will obviously be hit. So, will real estate prices at what used to be prime locations, close to major thoroughfares. Food and snack sales close to highways will also, in all probability, be affected.
Karan Choudhury reports on the implications of the strict Real Estate (Regulation and Development) Act and the prosecution of Unitech MDs, Sanjay Chandra and Ajay Chandra, in an alleged fraud case.
Look at the sanctioned plan to know the exact carpet area you will get and pay a law firm to conduct a thorough title check.
Haryana has done well in terms of economic growth over the last couple of decades. For it to continue to lead the growth ladder, the new government has to work hard on multiple dimensions, recommend Shishir Gupta and Rishita Sachdeva.
The council also cut GST rates on affordable housing to 1 per cent from the current 8 per cent.
The Delhi high court on Monday asked the Centre to file reply on a plea seeking linking of immovable and movable property documents of citizens with their Aadhaar numbers to curb corruption, black money generation, and benami transactions.
A decline in the real estate sector, rising debt and the company's alleged involvement in 2G scam caused damage to the business and its image.
Showing total disregard for the US constitution, Trump has said that this could be the last election to be held in the country. A Trump presidency could lead to mass deportation of undocumented migrants and harsh family separation, warns Aseem Chhabra.
'If you look at where inflation (headline and core) is today in India and where the rates are, there's clearly room to cut rates.'
Is it time to take a relook at our economic theories? asks Ajit Balakrishnan.
Pirojsha Godrej, 43, patriarch Adi Godrej's son, is set to take over as chairman of the Godrej Industries Group from 2026 whol Nyrika Holkar, Smita Godrej Crishna's 42-year-old daughter, has emerged as the face of the Godrej Enterprises Group.
Urban planners and real estate experts say bad town planning in Mumbai and rising deaths during the ongoing pandemic are a "sad reality". Dev Chatterjee and Raghavendra Kamath report.
Corporate Affairs Secretary Injeti Srinivas said the issue is how the interests of stakeholders are to be balanced
The ED conducted multiple searches in Mumbai as part of a money laundering probe into the operations of the underworld and linked illegal property deals and hawala transactions, official sources said.
Rau's felt the need to be where the action was.
The institute that once drew largely elite students also decided to expand its base and cater to a wider pool.
A trust deficit had been building between developers and their customers, with massive incidence of project delays and deviations. Compliance with Rera is an opportunity to revive buyers' confidence.
Karnataka Minister D Sudhakar and three others have been booked by the police in Bengaluru based on a complaint by a woman alleging atrocities against her and her family and an assault on her daughter over a property dispute, police officials said on Tuesday.
Rera's implementation is patchy across states, and the powers of the regulator to enforce its orders are also limited.
While sale of residential properties increased only marginally despite plethora of steps taken by the government through the year, office space leasing rose 40 per cent to touch an all-time high of 46.5 million sq ft -- a trend that drew investors to lap up India's first Real Estate Investment Trust at an issue size of nearly Rs 5,000 crore.
Rajesh Vardhan, managing director, Vardhman Group, will chat on property redevelopment on Thursday, October 3, at 3 pm.
The International Cricket Council was the target of cybercrime involving a wire transfer of a sizeable sum of money, roughly US$ 2.5 million.
The proposed ban on cash transactions above Rs 3 lakh may hit luxury goods, jewellery sales and real estate.
The list includes Gautam Adani's brother Vinod Adani among others.
In a good news for the hassled home buyers of Amrapali Group, the Supreme Court on Friday was informed that 11,858 flats will be delivered in 2 to 3 months of which 5, 428 units will be handed over the possession in October. A bench of Chief Justice UU Lalit and Justice Bela M Trivedi was informed by court receiver senior advocate R Venkataramani that in the upcoming festive season next month 5,428 flats which have been completed by the NBCC will be given to the home buyers with electricity and water connection. "We are facing some issues in providing electricity and water connections to the other 6,430 completed flats and once the connections are provided and they receive completion certificates, these units will be handed over to the home buyers in the next two to three months", he said.
'This year's Budget didn't give into populist measures everyone was expecting after demonetisation, so I think that was a positive step.' 'Hopefully the Budget will continue in the way it has been.'
Pune Police on Monday said they will seek a higher court's permission to try as an adult a 17-year-old boy whose car allegedly knocked down and killed two persons in Kalyani Nagar area in Pune.
Brookfield Asset Management will pay around Rs 29,000 per square foot for the 170,000 square feet of space in Jet Airways' two-floor office in Bandra Kurla Complex.
Delhi, daddy issues, drivers, domestic help, politics, patriarchy, sexuality, sexism, choices, compromises, community, religion, real estate, motherhood, marriage -- Gulmohar offers a loaded, layered understanding of familial relationships and its indirect impact on the people at the periphery, notes Sukanya Verma.
Addressing a real estate conference organised by the RICS, a global body to set standards for realty sector, Krishna said the Centre is revisiting rental law to boost housing supply.
India's mission in Kuwait is ascertaining the full details from the concerned Kuwaiti authorities on the tragic fire incident in a building in the southern city of Mangaf which killed 49 foreign workers, including around 40 Indians, and injured 50 others, even as officials started an investigation into one of the worst fires in the Gulf nation.
Persuaded not to sell that day in January 1975, DLF today has assets of over Rs 52,237 crore and a net worth of around Rs 40,000 crore.
Rajesh Vardhan, managing director, Vardhman Group, will chat on home loans on Wednesday, September 25, at 3 pm.
Shift to new business model to help companies cut capital cost, increase margins.
It said the searches that were launched on July 22 in nine cities like Bhopal, Indore, Delhi, Ahmedabad, Noida and some others are "continuing and further investigations are in progress."
The Enforcement Directorate (ED) has arrested the vice chairman and managing director of real estate group IREO, Lalit Goyal, in connection with a money laundering probe against him, officials said on Tuesday. The businessman has been taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA) by the federal probe agency in Chandigarh and will be produced before a local court for seeking his remand, they said. Goyal was stopped by immigration authorities last Thursday at the Indira Gandhi International (IGI) airport in New Delhi on the basis of an ED look out circular against him.
