Real Estate News Update for August 7
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The government on Tuesday proposed significant relief for individuals who bought houses before July 23, 2024, by giving them the option to choose between two tax rates for long-term capital gains (LTCG) tax.
IDFC First Bank has picked up an office spread over four entire floors of a commercial complex in Mumbai’s western suburb Goregaon through a long-term lease of over five years.
To promote ease of doing business, markets regulator Sebi on Tuesday tweaked the framework involving the nomination rights of unitholders of real estate investment trusts (REITs) and infrastructure investment trusts (InVITs) to appoint directors.
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Around seven months after scrapping the plan for affordable housing on mangroves and saltpans in the city and allowing only redevelopment of existing high density slums in these areas -under the name special development zones (SDZs) -govt has now proposed restricting construction on such plots to 65%, from 80% planned earlier. The remaining area is to be given to BMC for open space amenities.
Despite Bengaluru’s exponential growth in population and businesses, the Centre maintains that it cannot yet grant ‘Metro’ status to the city.
Key decisions on three housing schemes, a policy for management and use of community halls, and a policy to fix the disposal price of stand-alone garages were taken at a meeting of the DDA on Tuesday, chaired by Lieutenant Governor VK Saxena.
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Great update, ET Realty! ?? It's essential to stay informed about the latest developments in the real estate sector, from tax reliefs to regulatory changes. At Imlaak.com, we believe in maximizing potential—10x your real estate