QUICKREADS

Bombay HC rules no GST on JDA projects post-conveyance, offering relief to real estate developers

Bombay High Court rules GST not applicable on JDA projects after conveyance, offering relief to real estate developers. The judgment provides clarity on taxation, potentially reducing costs and uncertainties in land-constrained markets like Mumbai and Bengaluru.

Nagpur flyover cuts through balcony; netizens dub it a ‘flyover-facing house’ and slam it as ‘planning gone rogue’

A Nagpur flyover appears to cut through a house's balcony, causing social media uproar. NHAI claims the balcony extends beyond plot boundaries and will be demolished, citing the structure was built without proper sanctioning.

Planning to gift property to your wife? No capital gains tax on the gift, but income from the asset may be taxable

Gifting property to a spouse doesn't trigger capital gains tax, but income from the asset is taxable. Capital gains exemption applies to one residential property, with potential exceptions for investments under ₹2 crore. Tax liability remains with the transferor.

Inherited a 1-acre plot in Mumbai? Here’s what you should know before taking on an SRA development on your own

A Mumbai resident with a 1-acre inherited plot aims to develop an SRA project, but experts warn against it. Challenges include complex regulations, massive upfront costs, tenant negotiations, and lack of development experience. Professionals advise selling the land instead of attempting self-redevelopment.

AI can cut real estate construction costs, halve project timelines, and reduce delays, benefiting homebuyers

AI is transforming real estate by reducing construction costs by 20-25%, shortening project timelines by 40-50%, and optimizing design efficiency. This technological advancement promises faster project completion, lower property prices, and increased usable space for homebuyers.

Court-monitored resolution process needed for 'Supernova' project: Amicus to SC

The Supreme Court has been advised to implement a court-monitored hybrid resolution mechanism for the Supertech Realtors' Supernova project in Noida, led by former judge Navin Sinha. This approach aims to balance the interests of homebuyers and creditors amid ongoing insolvency proceedings, emphasizing the necessity of a forensic audit and potential leadership changes within the company. Further hearings are scheduled for September 17.

SEBI approves equity status for REITs to broaden investor participation; Indian REITs Association welcomes move

SEBI reclassifies REITs as 'equity', retaining InvITs' hybrid status. This move aims to widen investor base, improve market liquidity, and align with global practices, potentially boosting REIT market growth and participation.

India’s REIT market set to cross $25 billion by 2030: CREDAI-Anarock report

India's REIT market is projected to exceed $25 billion by 2030, currently at $18 billion. With three more REITs expected, the market will expand into logistics, warehousing, and data centers, driven by strong economic fundamentals and urbanization.

India home prices set to soar, pushing millions into costly rentals: Reuters poll

A Reuters poll indicates that home prices in India are expected to rise faster than anticipated, driven by demand from affluent buyers and a shortage of affordable housing. This situation is pushing many potential buyers into rentals, as urban job growth benefits a small segment of the population. Affordable housing is projected to face a significant deficit, worsening inequality in urban areas.

CREDAI pledges to pass GST rate cut benefits to homebuyers if cement and steel suppliers reduce prices

CREDAI pledges to pass GST rate cut benefits to homebuyers, potentially reducing property costs in smaller cities. Developers aim to transfer tax savings, with actual price reductions depending on material suppliers and regional variations.

Maharashtra govt, Lodha Developers sign ₹30,000-crore MoU to set up green data centre park near Mumbai

Maharashtra government partners with Lodha Developers to create a 370-acre green data centre park near Mumbai, investing ₹30,000 crore. The project aims to generate 6,000 jobs, promote sustainable infrastructure, and leverage growing demand for digital services.

India's real estate market to touch $5–10 trn by 2047; Housing sales may double, REIT share seen at 50%: Credai-Colliers

India's real estate sector is projected to grow to $5-10 trillion by 2047, contributing nearly one-fifth of GDP. Housing sales may double, REITs could reach 50% market share, and urban population is expected to hit 900 million by 2050.

NeoLiv inks management agreement for 47-acre mixed-use villa project in Khopoli near Mumbai

NeoLiv signs management agreement for 47-acre mixed-use villa project in Khopoli near Mumbai, targeting ₹600 crore revenue. The development will feature premium villas, plots, and amenities, leveraging the region's growing infrastructure and strategic location.

Mumbai top real estate deal: RBI picks up Nariman Point land parcel for ₹3,472 crore from MMRCL

RBI acquires 4.16 acres from MMRCL at Nariman Point for ₹3,472 crore, marking one of 2025's largest land deals. The transaction solidifies the area's commercial hub status, with potential for 1.6 million sq ft development.

Where to buy a ₹1 crore home in the Thane real estate market?

Thane offers affordable 1 crore homes with excellent connectivity, infrastructure, and value. Developers provide 1-2 BHK options in well-connected areas like Hiranandani Estate and Raymond Realty, attracting homebuyers with amenities, strategic location, and proximity to Mumbai.