RESIDENTIAL PROPERTY IN NDMC TAX
Buying property costing between Rs 20 lakh and Rs 45 lakh without a PAN? You must use new Form 97, says Income Tax Department
The Income Tax Department has introduced a new Form 97, replacing Form 60, for individuals without a PAN card undertaking specific transactions. This includes buying property above the specified value, opening bank accounts, and making certain cash payments. The revamped forms aim to simplify compliance, with reduced reporting expected for these declarations.
Bangkok issues high tide alert: What tourists should know as river levels rise
Bangkok faces a high tide alert along the Chao Phraya River. Authorities warn of potential flooding in low-lying areas and key roads as water levels are set to peak Monday. Strong winds are pushing water towards river mouths, increasing overflow risks. Saltwater intrusion is also a concern. Residents are advised to stay vigilant as the alert continues until Tuesday.
AGP’s Zerra DC bags Rs 1,200 crore loan for second Navi Mumbai data centre project
Zerra DC, the data center division of AGP, has recently clinched funding worth Rs. 1,200 crore from Tata Capital. This investment will be directed towards the construction of a cutting-edge 200 megawatt data center located in Navi Mumbai. Currently, there are ongoing negotiations to finalize partnerships with cloud hosting providers, further enhancing the project's scope.
Capital gains from property sale? How to balance tax saving with long-term wealth creation
Investors selling property face a choice: reinvest for tax savings or maximize long-term wealth. Financial expert Shweta Jain advises a balanced approach for a 10-year horizon, suggesting a mix of high-growth equities and stable instruments. While reinvesting in property offers tax benefits, it limits liquidity. Diversification is key for optimal returns and financial flexibility.
Share buybacks not ‘income’, can’t face I-T levy: Delhi High Court
The Delhi High Court ruled that companies buying back shares below fair market value do not incur taxable income. The court distinguished share buybacks as capital reduction, not asset acquisition. This decision offers significant relief to companies, potentially lowering the cost of share repurchases and clarifying tax implications for such corporate restructurings.
Allahabad HC stays demolition of 48 properties in Auraiya, seeks state's response
The Allahabad High Court has halted the demolition of 48 homes and shops in Auraiya's Dibiyapur, ordering a status quo on the disputed properties. A bench will hear the case on April 29, demanding the state file its response within a week. Petitioners claim their documents were ignored, risking irreparable harm. The court seeks a detailed counter-affidavit from the government.
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Adani Properties to invest Rs 1 lakh cr to redevelop Mumbai’s 143-acre Motilal Nagar
Adani Properties will invest over Rs 1 lakh crore to redevelop Mumbai's Motilal Nagar, a 143-acre project set to become the second-largest urban renewal initiative in India. This decade-long project will rehabilitate over 3,700 residential and 300 commercial occupants, alongside slum dwellers, and will feature a mixed-use township with extensive public amenities and infrastructure upgrades.
Mumbai’s skyline is soaring. So is the pressure on housing
Mumbai's booming real estate market sees global financial giants occupying luxury towers while low-income residents like taxi driver Ramu Virmale negotiate for modern housing. Developers are redeveloping slums, promising new apartments but raising concerns about displacement and the loss of community. This transformation is reshaping the city's skyline and its social fabric.
In search of predictable returns, pvt equity funds step up office asset play in Q1
Institutional investors focused on office properties in India during the first quarter of 2026. Private equity inflows increased significantly, with office assets attracting the majority of the capital. Investors preferred leased and near-stabilized properties for predictable cash flows. Residential investments also saw activity, primarily through debt structures.
Birla Estates enters JV with M S Ramaiah Realty, targets Rs 3000 cr revenue
Birla Estates is developing a large integrated township in Devanahalli, North Bengaluru. This project has a revenue potential of ₹3,000 crore. The company has already seen strong bookings for its Birla Trimaya project. Bengaluru's residential market shows sustained momentum with a focus on premium developments. North Bengaluru is a key growth corridor.
Gurgaon circle rates increases by up to 75% from April 2026; Sector 15 residential property rate can go up to 45% to Rs 1,24,700 per sq. yard; Check other sectors trend
Gurgaon's property market is set for significant changes as circle rates are slated to increase by up to 75% from April 1, 2026. This revision, reflecting market values, is expected to drive property price hikes between 15% and 75% across residential, commercial, and industrial segments. Emerging corridors like Dwarka Expressway and Southern Peripheral Road are leading these substantial increases.
Office assets anchor institutional confidence as PE investments rise in March quarter
Office properties led institutional investment in India's real estate during the first quarter of 2026. Private equity inflows saw a significant increase, with office assets attracting the majority of capital. Investors favored stabilized, income-generating properties. Residential investments remained debt-led. The National Capital Region and Pune attracted most of the investment. Domestic capital played a dominant role.
Property partition after owner’s death: A guide for legal heirs to divide assets
Partition of a property means the legal division of jointly owned property among co-owners or legal heirs, severing joint occupancy into individual shares. Now you can either do partition of the family property amicably via a registered partition deed or through a civil court by filing a partition case if property disputes arise, resulting in each heir getting a defined portion.
Census 2027: Self-enumeration starts in Gurgaon, Chandigarh, Faridabad; Here's how to register via se.census.gov.in and finish the process online
The self-enumeration phase of Census 2027 house listing begins today (April 16) in Haryana (including Gurgaon and Faridabad), Chandigarh, Madhya Pradesh, Andhra Pradesh, Arunachal Pradesh and Chhattisgarh. Residents can submit household details online till April 30. Door-to-door verification will follow from May 1 to May 30.
West Asia crisis hits Dubai real estate: Will it boost high-end luxury property investment in India?
Dubai's property market is experiencing a slowdown due to regional geopolitical tensions. This is causing investors to look towards India for real estate opportunities. Cities like Gurugram and Mumbai are seeing steady demand for luxury housing. India's market offers stability and long-term growth potential. This shift highlights India's growing importance in global real estate investment.
Property tax overhaul in NDMC: What the new Unit Area System means for you
The New Delhi Municipal Council is adopting a new property tax system. This move to the Unit Area Method will bring fairness and predictability for property owners. The old rateable value method, which was subjective, is being replaced. Homeowners can now understand and verify their tax liabilities more easily.
Puravankara Ltd Q4 pre-sales jump 3-fold to Rs 3,547 cr; 55 pc rise in FY26 to Rs 7,407 cr
Realty firm Puravankara Ltd on Monday reported nearly 3-fold jump in pre-sales to Rs 3,547 crore in the fourth quarter of the last fiscal year on better demand for residential properties.
Property or problem? The hidden legal traps haunting India’s property owners: Here’s how to navigate
Property ownership in India, once a symbol of security, now presents significant legal challenges due to unclear titles and disputes. Buyers face risks from historical discrepancies and competing claims, locking capital and stalling income. Proactive legal due diligence, careful transaction structuring, and understanding tenant rights are crucial for navigating these complexities and protecting valuable assets.
2026 Property Tax Deadlines: What every US homeowner needs to know - Check how to file a protest to challenge appraisal
The 2026 property tax season is crucial for US homeowners, especially in Texas, to review valuations and meet strict protest deadlines. Most must file by May 15 or within 30 days of receiving their notice. Appraisal districts determine property values, while separate authorities set tax rates. Homeowners can challenge assessments by filing a Notice of Protest, submitting evidence, and attending hearings, potentially reducing their tax burden through a successful appeal.
EAC-PM Working Paper suggests SVAMITVA-like scheme for urban India
In a working paper titled Unlocking Rural Property Rights: Social Inclusion and Credit Expansion through SVAMITVA, co-authored by Soumya Kanti Ghosh and Pulak Ghosh, part-time member of EAC-PM and Falguni Sinha, economist at ERD, SBI, it said the scheme will help to integrate scattered land records across states.
Think your luxury house is an asset? CA warns and calls it a 'subscription fee to live'
A chartered accountant challenges the notion that expensive homes are wealth-building assets. He argues that high recurring costs and significant opportunity costs, estimated at ₹1.75 crore annually for a ₹15 crore property, transform luxury homes into costly lifestyle choices. True wealth, he asserts, stems from income-generating assets, not those that merely consume capital.
Jyoti CNC shares crash 16% as France probes subsidiary, seizes bank accounts
Jyoti CNC Automation's shares plummeted nearly 16% after French authorities launched a judicial investigation into its subsidiary, Huron Graffenstaden SAS, for suspected export of dual-use technology. The probe led to the seizure of bank accounts and properties, and the temporary restriction of the subsidiary's director general.
Buying agricultural land near a city? Key income tax rules you must know
An ITAT ruling clarified that stamp duty valuation doesn't define agricultural land status for income tax. The tribunal emphasized that official revenue records, actual cultivation, and lack of formal conversion are key factors. This decision protects buyers from tax additions based solely on higher urban land stamp duty rates.
HNIs eye Greece residency as alternative to Dubai option
Affluent Indians are increasingly eyeing Greece as a destination for permanent residency. The motivations behind this trend include evolving geopolitics and a more accessible investment threshold than many European counterparts. Greece not only allows for visa-free access to the Schengen zone but also boasts a robust legal framework.
ASK Property Fund exits Trevoc’s residential project in Gurugram
ASK Property Fund has exited several real estate projects in Gurugram, Mumbai, and Noida. These exits from projects like Trevoc Royal Residences and Kalpataru Advay have generated significant returns for the fund. The fund's strategy focuses on partnering with reputable developers in prime locations.
Builder fraud: Bombay HC denies society membership to homebuyer who was sold refuge area as residential flats
When Mr Sewadsha from Ghatkopar East purchased five apartments in a housing project in Bhandup he had no idea that the builder had cheated him by selling refuge areas (vacant areas). The reason why the builder could dupe Sewadsha is because there was an error in the plan annexed to the Occupancy Certificate which shows a part of the vacant space as residential flats on 8th and 15th floor of the housing society even though no constructed residential apartment, fit for occupation, exists there.
Deposited Rs 80 lakh cash during demonetisation: ITAT rejects property purchase claim, calls it unexplained income
A Surat businessman's Rs 80 lakh cash deposit during demonetisation was deemed unexplained by ITAT Surat. The tribunal rejected his claim of withdrawing funds for a property deal. The court found his explanation lacked evidence and defied normal business conduct. The businessman's appeal was dismissed, upholding the tax department's action.
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