Listen To The Article The budget decision to limit the deduction from capital gains on investment in residential property under Sections 54 and 54F to Rs 10 crore is likely to dampen demand for super-luxury real estate. Sections 54 and 54F of the Income Tax Act of 1961 apply to long-term capital gains (LTCG) on selling capital assets such as homes, equity, bonds, and gold and their...
Listen To The Article The Union Budget 2023 is comprised of a number of major announcements linked to the real estate industry and has a long-term impact. Infrastructure investment has a large multiplier effect on economic growth and employment. Private investments resume after post-pandemic home demands. Budget 2023 takes the initiative to accelerate the virtuous cycle of investment and...
Listen To The Article The smart world will invest nearly Rs 3000 crore in developing approximately 8 million square feet of premium residential space across three projects in Gurgaon. The first phase of the three projects will begin in 2023, and the company is also looking into projects in Mumbai, Bengaluru, and Pune. They have already done two projects in sectors 89&63 Gurgaon,...
Listen To The Article DLF Limited, a real estate giant, plans to launch a luxury housing project in Gurugram next month, with an estimated sales revenue of around 7,500 crore, in order to capitalise on strong demand for high-end apartments. DLF Group Executive Director and Chief Business Officer Aakash Ohri told that the company intends to build around 1,100 apartments in this residential...
Listen To The Article Realty giant DLF reported a 45% increase in new sales bookings to Rs 6,599 crore during the nine months (April to December) of the financial year 2022. While DLF reported the highest quarterly new sales in its history in the third quarter of the current financial year. Across all sectors, the company experienced strong business momentum. DLF's residential...
Listen To The Article Slowly but steadily, India's real estate is expanding after pandemic. When we talked about a decade ago, two major pillars supported property demand and prices, that is, residential and commercial. However, new segments such as data centres, logistics, and warehousing have recently influenced them. The pandemic has speed up the growth of new businesses such as...
Listen To The Article Mahindra Lifespace Developers, a leading real estate and infrastructure development body of Mahindra Group, will revamp two neighboring residential societies in Mumbai’s Santacruz West. These two residential projects will be developed on approximately 1.27 acres with a revenue potential of about 500 crores. As per Arvind Subramanian, MD and CEO of Mahindra...
Listen To The Article The government has been urged to introduce the second fund under the Special Window for Affordable and Mid-Income Housing (SWAMIH-2) in the upcoming Union Budget 2023–2024, which will be expected to be announced soon. In a letter to the finance minister Nirmala Sitharaman, National Real Estate Development Council (NAREDCO) requested that the program be expanded...
Listen To The Article As per the recent report by property consultant ANAROCK, real estate developers increased the pace of construction in 2022, finishing 4.02 lakh housing units across seven major cities as compared to 2.79 lakh homes in the year 2021. The top 7 cities experienced record-breaking housing sales and new launches in 2022. Unit completions have also continued to rank first...
Listen To The Article The Gurugram Metropolitan Development Authority (GMDA) is projected to begin building four-foot overbridges (FOBs) on the stretch this year and have them completed by the end of 2024 in order to facilitate safe and simple movement of pedestrians on the busy Golf Course Road. According to the GMDA approved plan, these pedestrian-friendly structures will be built to...
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