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ITAT Allows Foreign Exchange Loss as Revenue Expenditure in Real Estate

Real Estate

ITAT Allows Foreign Exchange Loss as Revenue Expenditure in Real Estate

The Income Tax Appellate Tribunal (ITAT) in Mumbai has ruled that a foreign exchange loss of Rs. 1,12,449, arising from consulting charges paid to foreign parties, should be allowed as deductible expenditure rather than being capitalized to project costs.

July 31, 2025
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Maharashtra Govt Eases Minimum Service Duration for Sanitation Workers

Real Estate Maharashtra

Maharashtra Govt Eases Minimum Service Duration for Sanitation Workers

The Maharashtra government has decided to reduce the minimum service duration for sanitation workers to 20 years from the existing 25-year norm, as part of the 'Manhole to Machinehole' programme aimed at mechanizing sewer cleaning.

July 30, 2025
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Should You Invest in SRA Projects for Affordable Housing in Mumbai?

real estate news

Should You Invest in SRA Projects for Affordable Housing in Mumbai?

SRA projects in Mumbai offer a unique opportunity to buy homes in prime locations at affordable prices. Discover the benefits and potential pitfalls of investing in these government-backed initiatives.

July 28, 2025
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Mumbai Slum-Free Initiative: Comprehensive Survey of All Slums by Year-End

Real Estate Mumbai

Mumbai Slum-Free Initiative: Comprehensive Survey of All Slums by Year-End

The Slum Rehabilitation Authority (SRA) is set to complete the survey of all slums in Mumbai by the end of this year, aiming to create a reliable databank for future slum rehabilitation projects and curb the emergence of new, illegal slum settlements.

July 26, 2025
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DLF's Mumbai Resurgence: 'The Westpark' Sells Out for ₹2,300 Crore in Just One Week

Real Estate Mumbai

DLF's Mumbai Resurgence: 'The Westpark' Sells Out for ₹2,300 Crore in Just One Week

Real estate giant DLF has made a triumphant return to Mumbai with the sell-out of Phase 1 of 'The Westpark' in just one week. The project, located in Andheri West, has generated massive interest, with all 416 units sold out.

July 25, 2025
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Maharashtra's Bold Step: New Housing Policy Aims to Provide Homes for All and Eliminate Slums

Real Estate Maharashtra

Maharashtra's Bold Step: New Housing Policy Aims to Provide Homes for All and Eliminate Slums

Maharashtra's new housing policy, 'My House, My Right,' focuses on affordable housing, slum rehabilitation, and public-private partnerships to achieve a slum-free state by 2033.

July 24, 2025
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