Real Estate Mumbai
Political Clash: Congress MP Varsha Gaikwad and BJP’s Mohit Kamboj Spar Over SRA Projects in Mumbai
Congress MP Varsha Gaikwad has raised concerns over the appointment of a firm linked to a BJP leader for a 38-acre SRA project in Juhu Gully, Mumbai. Gaikwad accuses the Slum Rehabilitation Authority (SRA) of corruption, while BJP leader Mohit Kamboj denies the allegations.
Real Estate
Gift Property to Your Spouse: No Capital Gains Tax, but Income is Taxable
The Income Tax Appellate Tribunal (ITAT) has ruled that gifting property or shares to a spouse does not attract capital gains tax. However, any income generated from the gifted asset, such as rent or dividends, is taxable in the hands of the donor.
Real Estate Mumbai
Inherited a 1-acre Plot in Mumbai? What You Need to Know Before Starting an SRA Project
An individual earning ₹24 lakh annually has inherited a 1-acre plot in Mumbai and plans to undertake an SRA project. Reddit users advise caution, suggesting he sell the land instead.
Real Estate
ITAT Rules: Mechanical Approval Under Section 153D Invalidates Income Tax Assessment
The Income Tax Appellate Tribunal (ITAT) in Delhi has ruled that an assessment under Section 144 of the Income Tax Act, 1961, is invalid if the mandatory approval under Section 153D is granted without proper application of mind. This decision, favorable to the assessee, highlights the importance of substantive approval in tax assessments.
Real Estate Mumbai
Mumbai's Urban Transformation: 18% of City's Real Estate Opened for Development
The Maharashtra government has unlocked 18% of Mumbai's real estate for redevelopment, with a focus on housing for economically vulnerable citizens, marking a significant step in the city's urban renewal.
real estate news
Mumbai Unlocks 18% of Real Estate for Development and Slum Rehabilitation
Mumbai is witnessing a massive urban renewal as the government opens up 18% of the city's real estate for development and slum rehabilitation. This initiative, spearheaded by various government bodies, aims to transform the city and provide affordable housing.
Real Estate Maharashtra
141 Unauthorized Structures in Vasai-Virar to be Demolished Post-Ganpati Festival
Maharashtra Minister Ganesh Naik announces the planned demolition of 141 unauthorized buildings in the Vasai-Virar region after the Ganpati festival, following a tragic building collapse that claimed 17 lives.
Real Estate Mumbai
Maratha Agitation Intensifies in Mumbai: Jarange Patil Continues Hunger Strike
The Maratha community's agitation for reservation benefits escalated in Mumbai as Manoj Jarange Patil entered the second day of his hunger strike. The Maharashtra government, led by Devendra Fadnavis, sent a delegation to negotiate with the leader.
Real Estate
ITAT Rules: Interior and Utility Costs Count as Acquisition Cost for Residential Property
The Income Tax Appellate Tribunal (ITAT) in Chennai has ruled that expenses on interior works and essential utility connections can be included in the cost of acquisition of a new residential property, qualifying for exemption under Section 54 of the Income Tax Act, 1961.
Real Estate Pune
Nashik Celebrates National Sports Day with a Series of Engaging Programs
Nashik is set to commemorate National Sports Day with a series of events from August 29 to 31, 2025. The District Sports Officer, Sunanda Patil, has invited all sports enthusiasts to participate in the celebrations.
Real Estate
ITAT Rules: EDC Payments to HUDA are Contractual and Subject to TDS
The Income Tax Appellate Tribunal (ITAT) in Delhi has ruled that External Development Charges (EDC) payments made to the Haryana Urban Development Authority (HUDA) are contractual in nature and are subject to Tax Deducted at Source (TDS) under Section 194C of the Income Tax Act, 1961. This decision affects real estate companies like M/s Ireo Grace Realtech Private Limited, which had previously made such payments without deducting TDS.
real estate news
ITAT Rules EDC Payments to HUDA Subject to TDS under Section 194C
The Income Tax Appellate Tribunal (ITAT), Delhi, has ruled that External Development Charges (EDC) paid to the Haryana Urban Development Authority (HUDA) are contractual in nature and subject to tax deduction at source (TDS) under Section 194C of the Income Tax Act, 1961.
Real Estate Mumbai
Supreme Court Upholds Church Trust's Preferential Right in Slum Land Acquisition
The Supreme Court of India has ruled in favor of the Basilica of Our Lady of the Mount, upholding the Church Trust's preferential right to redevelop a disputed area in Bandra, Mumbai. This decision strikes down the acquisition attempts by Saldanha Real Estate Pvt. Ltd.
real estate news
Supreme Court Rejects Bandra Church Land Acquisition, Upholds Landowner Rights
The Supreme Court has set aside the acquisition of Church-owned land in Bandra by the Slum Rehabilitation Authority (SRA), reaffirming the landowner's right to redevelop slum-affected property.
Real Estate Maharashtra
Prithvi Shaw's Comeback Continues: Two Fifty-Plus Scores for Maharashtra
Prithvi Shaw, now representing Maharashtra, is making a strong comeback with a fifty-plus score in the Buchi Babu Invitational Tournament, following his debut century for the new side.
Real Estate Pune
Pune Municipal Corporation to Release Draft Ward Delimitation Plan
Pune, 22 August 2025: The Pune Municipal Corporation (PMC) is set to release its draft ward delimitation plan today, a crucial step in determining the city's political landscape ahead of long-delayed civic elections. The draft will outline revised ward boundaries, reshaping which areas fall under each electoral unit.
Real Estate Pune
Maharashtra Government Halts Controversial TDR for Janta Vasahat, Orders Inquiry
The Maharashtra government has suspended the Slum Rehabilitation Authority's (SRA) decision to grant full TDR for land at Janta Vasahat in Parvati and has ordered an investigation into the matter.
Real Estate Mumbai
Mumbai's Ambitious Plan to Deliver 500,000 SRA Homes in 5 Years
The Slum Rehabilitation Authority (SRA) in Mumbai has set a bold target to deliver over 500,000 homes to slum dwellers within the next five years, more than doubling its 29-year output. This ambitious plan includes several reforms and innovative strategies to fast-track the process.
Real Estate Pune
Realtors Clash with SRA Over Excessive TDR for Janta Vasahat Land
Pune's real estate developers are up in arms against the Slum Rehabilitation Authority (SRA) for granting 100% TDR on Janta Vasahat land, a clear violation of development regulations.
Real Estate Maharashtra
Mumbai's Dharavi Redevelopment: Equal Land Division for Rehabilitation and For-Sale Units
Chief Minister Fadnavis directs the Dharavi Redevelopment Project to equally divide land between rehabilitation and for-sale units, increasing the size of rental tenements and planned buildings.