Maharashtra's registration department is launching 60 private centres by July, modelled on passport offices, to speed up property registrations. These centres will offer enhanced amenities for a processing fee of up to Rs 5,217, operating alongside existing government offices. Source link...
The Enforcement Directorate conducted fresh searches on Friday against Kolkata-based Merlin Group and linked entities as part of an ongoing money laundering probe. This action follows earlier raids concerning alleged fabrication of land titles using forged documents and subsequent exploitation of the land for real estate projects. Source link...
A taxpayer can claim capital gains exemption for a new house even without filing an original tax return. The Mumbai ITAT ruled that such claims are valid if made during reassessment proceedings. This decision supports taxpayers by preventing procedural errors from blocking legitimate tax benefits. The case involved a taxpayer who reinvested capital gains in a new property. Source link...
Signature Global has entered into a brand licensing agreement with Italian lifestyle brand Tonino Lamborghini to develop a premium residential project in Gurugram with an estimated GDV of ₹4,000 crore. The project will span over 12.4 acres and comprise 812 units, marking the brand’s entry into India’s housing market. Source link...
Ashiana Housing plans to invest ₹800 crore in land acquisition across India in FY27, a senior executive said. The company reported record senior living sales of ₹570.2 crore in FY26, driven by strong demand in the segment. Source link...
The economic offences wing of the CBI, Delhi, has registered a case against Ozone Projects Pvt Ltd, the developer of Metrozone, its promoters, directors, as well as unknown officials of Axis Bank Ltd and Axis Finance Ltd, on charges of fraud and corruption as per the directions of the Supreme Court. Source link...
Over 3,000 homebuyers of Ansal Properties' Sushant Taj City in Agra are seeking possession of plots booked nearly two decades ago. Despite paying in full, buyers are frustrated by the lack of progress and clarity from the Uttar Pradesh government and the Agra Development Authority, which has a stake in the project. Source link...
The acquisition will add ₹241 crore to net operating income (NOI) on a proforma basis (of which 51% is attributable to Mindspace REIT), while loan-to-value (LTV) ratio will increase from 28.0% to 30.3%. Source link...
The CBI conducted searches at 77 locations across eight states in a builders-financial institutions nexus case. This investigation, handed over by the Supreme Court, targets builders accused of duping homebuyers through subvention schemes and an alleged nexus with banks. The searches are part of ongoing efforts to address widespread fraud in real estate projects. Source link...
The Income Tax Appellate Tribunal ruled that no capital gains tax applies when a property's sale price equals its purchase cost. The tribunal allowed a taxpayer's appeal, deleting a Rs 42.5 lakh addition by the tax department. This decision was based on the identical purchase and sale values and a similar ruling in the co-owner's case. Source link...