real estate news
Parsvnath Developers Reports Rs 347 Cr Loss in FY25
Parsvnath Developers Ltd, a prominent real estate firm based in Delhi, reported a consolidated net loss of Rs 347.27 crore in the fiscal year 2024-25 due to a significant decline in total income.
Real Estate Mumbai
Mumbai Fraud Case: 74-Year-Old Woman with Memory Loss Exploited of Properties and Gold
A 74-year-old woman suffering from memory loss and poor vision was defrauded of her high-value real estate properties, gold, and savings, totaling over Rs 2.26 crore by her neighbors in Mumbai.
Real Estate
CAG Exposes Irregularities in Greater Noida Land Allotments: ₹3,600-Cr Loss
The Comptroller and Auditor General (CAG) has identified significant irregularities in the Greater Noida Authority’s land allotment processes, resulting in an estimated loss of over ₹3,600 crore.
Real Estate
Bengaluru's Luxury Housing Market Shows Signs of Softening Amid Economic Uncertainty
Bengaluru’s luxury housing market is experiencing a slowdown, with developers offering flexible payment schemes and discounts to attract buyers amid job losses and economic uncertainty.
real estate news
Bengaluru's Luxury Housing Market Faces Challenges Amid Economic Uncertainty
Bengaluru's luxury housing market is experiencing a slowdown as developers offer flexible payment schemes and discounts to attract buyers amid rising job losses and economic uncertainty.
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.
Real Estate
HSBC Sees 26% Profit Drop to $15.8B Due to China and Real Estate Challenges
HSBC Holdings reports a 26% decline in profit, largely due to losses in China and deteriorating real estate conditions in Hong Kong. CEO Georges Elhedery outlines strategic shifts to navigate the tough economic landscape.
Real Estate Mumbai
Mumbai Faces Rs 1,127 Crore Cyber Fraud Loss: A Call for Urgent Reforms
Mumbai residents lost a staggering Rs 1,127 crore to cyber fraud over a 15-month period, with 85% of the losses attributed to cyber-cheating. The city’s authorities are now urging for stricter measures to combat the rising tide of digital fraud.
Real Estate Mumbai
Aditya Birla Real Estate Reports Rs 27 Crore Loss in Q1, Income Plummets 55%
Aditya Birla Real Estate Limited (ABREL) reported a significant net loss of Rs 27.08 crore in the first quarter of FY26, a stark contrast to the Rs 17.35 crore profit recorded in the same period last year. The company’s total income also fell by 56.9%.
Real Estate
Aditya Birla Real Estate Reports Q1 FY26 Net Loss of ₹27 Crore
Aditya Birla Real Estate (ABREL) announced a net loss of ₹27 crore in the first quarter of FY26, a significant decline from the net profit of ₹17.35 crore in the same period last year. The company also reported a drop in total income.
real estate news
Aditya Birla Real Estate: Share Price Plummets 6% Following Net Loss in Q1FY26
Aditya Birla Real Estate (ABREL) shares fell sharply after the company reported a significant net loss in the first quarter of the fiscal year 2026. Despite long-term gains, the stock has faced recent volatility.
real estate news
Bengaluru: Construction Sector Slams the Brakes as OC Mandate Takes Effect
The Karnataka government's new mandate for an Occupancy Certificate (OC) for new water and electricity connections is causing a significant slowdown in the construction and real estate sectors. The rule is affecting thousands of buildings and construction sites, leading to concerns about job losses and economic impacts.
Real Estate
Schloss to Construct Leela Hotel in Mumbai's BKC: A Premier Real Estate Project
Schloss Bangalore, a renowned real estate developer, has announced plans to build a premium Leela Hotel in Mumbai's Business District, BKC. This strategic move is expected to bolster the hospitality sector and enhance the city's appeal as a top destination.
Real Estate Maharashtra
Schloss to Construct Leela Hotel in Mumbai's BKC
Schloss, a renowned real estate developer, has been awarded the contract to build a luxurious Leela Hotel in Mumbai's bustling BKC area. This project is expected to significantly boost the hospitality sector in the region.
Real Estate Mumbai
Schloss to Build Leela Hotel in Mumbai's BKC: A Landmark Development
Schloss, a prominent real estate developer, has announced a significant project to build a Leela Hotel in Mumbai's bustling BKC area. This luxury hotel project is set to transform the hospitality sector in the region.
Real Estate Mumbai
MMRDA Allocates 8,411.88 Sq Meters Commercial Plot in BKC to Schloss Bangalore
The Mumbai Metropolitan Region Development Authority (MMRDA) has approved the allotment of a commercial plot in Bandra-Kurla Complex (BKC) to a consortium led by Schloss Bangalore. The plot will be used for a mixed-use project, including a luxury hotel.
Real Estate Mumbai
MMRDA Allocates 2.1-Acre Land in Mumbai’s BKC to Schloss Bangalore for Rs 1,302 Crore
The Mumbai Metropolitan Region Development Authority (MMRDA) has allocated a prime 2.1-acre land parcel in the Bandra-Kurla Complex (BKC) to Schloss Bangalore, a company backed by Brookfield Asset Management, for Rs 1,302 crore. The land will be used for a mixed-use project, including a 250-key luxury hotel.
Real Estate Mumbai
Puravankara Reports Widening Net Loss in Q4 FY25, Revenue Dips
Real estate firm Puravankara Limited has reported a significant net loss of Rs 88 crore in Q4 FY25, marking a substantial increase from the Rs 6.7 crore loss in the same period last year. Despite this, the company’s sales activity remained robust.
Real Estate
Understanding Capital Loss Offsets for FY 2025-26: Real Estate, Gold, and More
Discover how capital losses from real estate and gold can be strategically set off against capital gains from shares or mutual funds in the financial year 2025-26.
real estate news
Maximizing Tax Savings: Setting Off Capital Losses Against Gains in FY 2025-26
Learn how to effectively set off capital losses from real estate and gold against capital gains in the fiscal year 2025-26 to maximize your tax savings.