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The Income-Tax Appellate Tribunal (ITAT) Mumbai tribunal ruled recently that rental recompense received from a contractor as a result of redevelopment is not taxable in the hands of the erstwhile unit proprietor.

Certus Capital, an institutional real estate investment and advisory firm, has invested Rs 80 crore in a luxury residential project being developed in Worli - one of the most sought after South Mumbai neighbourhood.

Prestige Estates has signed a contract to redevelop Shivshahi Housing Society in Worli, South Mumbai

Real estate company Macrotech Developers (Lodha Group) has set a goal to sell properties worth 14,500 crore this fiscal year, up 20% from the previous year, and will acquire additional land for future expansion.

Birla Estates, the real estate development branch of the Aditya Birla Group, has purchased a prominent land parcel in the upscale residential neighbourhood of Walkeshwar at Malabar Hill in South Mumbai.

BGH Properties, a subsidiary of the Aditya Birla Group, has purchased a bungalow in an affluent Mumbai neighbourhood for Rs 220 crore

Ajmera Realty Purchases Vikhroli Land From Tata Communications Ltd. The projected gross sales value of the purchase of the 5,017 square metre plot is Rs 550 crore, and it would be used for a residential complex providing 1/2/3 BHK.

An analysis by property consultancy CBRE reveals that real estate developers and foreign funds invested significantly in land acquisition in Delhi-NCR and Mumbai during 2018-2022, as over 60% of the fund was used in these two cities.

IndoSpace, a developer of industrial and logistics parks, has invested Rs 1000 Cr to expand its warehouse presence in NCR

Casagrand has introduced Casagrand Aspires, an affordable residential community in Chennai's Navalur neighbourhood. The sprawling 1.76-acre property with 316 apartment units offers a variety of 2- and 3-BHK apartments starting at just Rs 3,599 per square foot.

Spectrum Metro, the high-street retail commerce capital located in Noida Sector 75, has finalised leased space agreements with well-known brands such as Smaaash, Reliance Digital, Reliance Trends, Uni Applem Reseller, and Toksik, among others.

Code name New You, Century Real Estate's newest development, targets millennial homebuyers. It lies in Jakkur, North Bengaluru's future-proof and millennial-friendly hub, with robust social infrastructure, offices, fitness centres, hospitals, breweries, and weekend adventures.

Chennai real estate has two distinct sides. Many inhabitants are relocating out from the city in pursuit of inexpensive houses under INR 1 crore, while demand for Chennai luxury residences in prominent metropolitan areas is rising significantly.

Mumbai-based real estate developer Arkade Developers recently confirmed its intention to file a draught red herring prospectus (DRHP) with the market regulator by June 2023 in order to raise approximately INR 600 crore via an initial public offering (IPO).

Between 2023 and 2025, 678 MW will be added to the digital transformation industry in India due to the increasing use of digital technology, the migration of IT infrastructure to third-party providers, and the increased use of data from new and existing channels.