Real Estate News Update for May 24
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Regulatory
This ruling is important, as for availing tax benefits, investment in a new house must be made within a specific period of time. To the extent of investment in the new house, the taxable component of long-term capital gains is reduced.
Residential
Properties across significant markets such as Mumbai, Bengaluru, Hyderabad, and Delhi-NCR that only the super-rich can afford have seen huge demand in the last two years.
Industry
领英推荐
The transaction, valued at over Rs 1,900 crore, forms a key aspect of Adarsh Developers' strategy to alleviate debt burdens. With an estimated development potential of approximately 7 million square feet.
Industry
The Godrej Reserve project is being built on an 18.6-acre land parcel. The developer has already launched about 1.91 million sq ft and had got bookings for 1.51 million sq ft worth Rs 2,693 crore, according to the company's FY24 regulatory filing.
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Realtor Associate @ Next Trend Realty LLC | HAR REALTOR, IRS Tax Preparer
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