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Residential Property

National Investigation Agency (NIA)

House Of Man Linked To Fugitive Don Dawood Ibrahim Attached In Maharashtra: NIA

On Monday, The National Investigation Agency (NIA) attached a residential property of a man linked to fugitive underworld don Dawood Ibrahim as "proceeds of terrorism" in the Thane district of Maharashtra, an official said.

17 July 2023

Residential Property

Government Imposes Rs 10 Crore Deduction Limit On Capital Gains On Re-Investment In Residential Properties

These two sections deal with reinvestment of proceeds from sale of long-term assets (housing or other capital assets) to buy residential properties

01 February 2023

Tata Power Renewables To Set Up 3 MW Solar Plant In Maharashtra

Tata Power Renewables To Set Up 3 Megawatt Solar Plant In Maharashtra

The plant is expected to generate about 7.5 million units (MU) of clean energy annually and offset 6.15 metric tonnes of CO2 emissions

11 January 2023

Section 145 Allows Taxpayers To Declare Interest Income On Accrual Or Receipt Basis

You cannot revise old income tax return. Under Hindu Law, only a coparcener can be become the karta of the HUF. Income from sale of house is taxed as capital gains

20 May 2023

Wealthy Indians Own 5 Homes, About 10% Of Them Plan To Buy Another One In 2023: Study

A survey by global property consultant Knight Frank showed that, on average, ‘super-rich’ Indians own 5.1 residential properties compared to the international average of 4.2 units.

19 January 2023

Housing Sales Momentum To Sustain In 2023 With Likely Moderation In Inflation

Housing Sales Momentum To Sustain In 2023 With Likely Moderation In Inflation: JLL India

JLL India said that the sale of apartments grew 68 per cent to 2,15,666 units in 2022 from 1,28,064 units in the previous year across seven major cities—Mumbai, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Kolkata and Pune

05 January 2023

House Rent In These Major Indian Cities To Continue To Rise In 2023. What New Report Says

A new report reveals that the average monthly residential rentals in the top seven Indian cities in both luxury and the mid-segment categories were on a roll in 2022, and they would likely continue in the upward trajectory

14 February 2023

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Number Of Affordable Homes Marginally Declines In Major Indian Housing Markets In 2022: Knight Frank Report

The availability of economical homes has marginally declined for the first time in 10 years in 2022, according to the Knight Frank India Affordability Index 2022.

29 December 2022

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28 December 2022
Housing Sales Up 19% In October-December Across 8 Cities; Demand Grows 50% In 2022 To 3.09 Lakh Units: PropTiger

Housing Sales Up 19% In October-December Across 8 Cities; Demand Grows 50% In 2022 To 3.09 Lakh Units: PropTiger

Sales of residential properties stood at 67,890 units in the corresponding period of the last year


25 December 2022
Piramal Realty Eyes Rs 2,200 Crore Sales Bookings In FY'23, Up Over 40% Year-On-Year

Piramal Realty Eyes Rs 2,200 Crore Sales Bookings In FY'23, Up Over 40% Year-On-Year

Piramal Realty is the real estate development arm of business conglomerate Piramal Group


22 December 2022
Piramal Realty To Invest Rs 3500 Crore In 2 Years; Aims To Deliver 5,000 Flats

Piramal Realty To Invest Rs 3500 Crore In 2 Years; Aims To Deliver 5,000 Flats

Piramal Realty is the real estate arm of the business conglomerate Piramal Group


13 December 2022
The Trump Organisation To Launch 3-5 High-End Residential Projects In India Next Year

The Trump Organisation To Launch 3-5 High-End Residential Projects In India Next Year

The company has an exclusive licensing agreement in the country through an association with the Delhi-based Tribeca Developers promoted by Kalpesh Mehta for...


07 November 2022
Home Sales Jump 24% In Q3, Thane, Pune, Bengaluru See Highest Growth: Report

Home Sales Jump 24% In Q3, Thane, Pune, Bengaluru See Highest Growth: Report

New house launches zoomed 11 per cent, while sales jumped 24 per cent in the third quarter, according to a report by real estate consultancy firm PropEquity.


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03 October 2022
Mumbai Property Sale Registrations, Stamp Duty Collection Hit 10-Year High In September

Mumbai Property Sale Registrations, Stamp Duty Collection Hit 10-Year High In September

Real estate consultancy firm Knight Frank India said that Mumbai property sale registrations hit 8,628 units in September 2022, accounting for a 39 per cent...


19 September 2022
Mumbai Residential Real Estate Market On An Upswing In Q2 FY 2022

Mumbai Residential Real Estate Market On An Upswing In Q2 FY 2022

The demand for residential units in Mumbai and the Mumbai Metropolitan Region is on an upswing for the second straight quarter of FY 22. As many as 20,000-plus...


12 September 2022
Are You Letting Out Your House To An NRI? Then Follow These Additional Steps

Are You Letting Out Your House To An NRI? Then Follow These Additional Steps

Letting out your house or apartment to a non-resident Indian is not that complicated provided you know the provisions of the law and file your income tax...


10 September 2022
Non-Resident Foreign Citizen Child Will Have To Pay Tax On Sale Of Property In India

Non-Resident Foreign Citizen Child Will Have To Pay Tax On Sale Of Property In India

If you have a son or daughter living abroad who has taken foreign citizenship, he/she will have to pay tax on sale of property in India. Unmarried person can...


25 August 2022
What Are The Pros And Cons Of Reverse Mortgage

What Are The Pros And Cons Of Reverse Mortgage

Should you consider a small house or buy a mansion on reverse mortgage? While there are benefits, reverse mortgage also comes with drawbacks. Thus, it is...


23 August 2022
Here Are Things To Look Out For When Investing In A Plot Of Land

Here Are Things To Look Out For When Investing In A Plot Of Land

From loans to RERA approval to tenure of loan, there are a lot of things to consider before investing in a plot of land


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20 August 2022
Income From Joint Property Is Determined By Way Of Beneficial Ownership Of Property

Income From Joint Property Is Determined By Way Of Beneficial Ownership Of Property

Beneficial ownership, as determined by the proportion in which the joint owners pay towards the purchase of the property, determines the ratio in which the...


21 July 2022
Current and Future Sentiment In Residential Real Estate Remain Optimistic: Report

Current and Future Sentiment In Residential Real Estate Remain Optimistic: Report

The Knight Frank-NAREDCO Real Estate Sentiment Index Q2 2022 (April - June 2022) report has cited that the current sentiment score has moderated to 62 from the...


02 May 2022
80,000-Plus New Residential Units Launched Across Top-Six Cities in Q1 2022: Report

80,000-Plus New Residential Units Launched Across Top-Six Cities in Q1 2022: Report

Budget and mid-segment properties dominate online searches in Mumbai, Hyderabad. Bengaluru and Gurugram show rising demand for luxury and ultra-luxury...


29 April 2022
Sales Of Luxury Residential Properties In Mumbai More Than Double In 2021: Report

Sales Of Luxury Residential Properties In Mumbai More Than Double In 2021: Report

In terms of volume, 1,214 units of luxury housing properties were sold in the city during 2021 as compared to 548 units in 2020, according to India Sotheby’s...


11 April 2022
Six Smart Real Estate Investing Tips For Millennials

Six Smart Real Estate Investing Tips For Millennials

Owning a property is a dream for many people in India as it is considered the safest investment that offers huge long-term returns. Millennials have the added...


04 April 2022
Residential Realty Market Sales Up 9% Annually At  78,627 Units In Q1 2022:  Report

Residential Realty Market Sales Up 9% Annually At 78,627 Units In Q1 2022: Report

A record four-year high of 78,627 residential real estate units were sold in the January-March 2022 quarter despite a third wave; units priced above Rs 1 crore...


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