Real Estate
ITAT Rules on Cash Deposits in Real Estate: Demonetization Impact Explained
The Income Tax Appellate Tribunal (ITAT) Surat Bench ruled that a real estate firm's cash deposits during demonetization were mostly explained. The tribunal limited the addition to 25% of the disputed amount, rejecting the Assessing Officer's claim that the entire balance was unexplained.
Real Estate Mumbai
NHAI Achieves Milestone with Rs. 180 Billion InvIT Monetisation
The National Highways Authority of India (NHAI) has successfully completed a record-breaking monetization of its assets through the issuance of an Infrastructure Investment Trust (InvIT). This significant achievement highlights the NHAI's strategic approa
Real Estate
ARTIS Real Estate Investment Trust Publishes Impressive 2024 Annual Results
ARTIS Real Estate Investment Trust has released its 2024 annual results, showcasing significant achievements in asset monetization and leverage reduction.
Real Estate Mumbai
MMRCL Plans to Monetize Land Parcels Along Mumbai Metro 3 Corridor
Mumbai Metro Rail Corporation Limited (MMRCL) is gearing up to monetize land parcels along the Mumbai Metro 3 corridor, aiming to generate significant revenue and enhance the city's infrastructure development.
Real Estate Mumbai
RBI's Major Update on Rs 2000 Notes: 98% Returned, Only Rs 6471 Crore Left with Public
The Reserve Bank of India (RBI) has announced that nearly 98% of the Rs 2000 notes issued have been returned, leaving only Rs 6471 crore still in circulation with the public. This update sheds light on the significant impact of demonetization and the ongo
real estate news
Indian Corporates Capitalize on Real Estate Surge to Optimize Non-Core Assets
Indian corporates are strategically leveraging the real estate market to optimize their non-core asset portfolios, enhancing financial flexibility and reducing debt.
Real Estate Mumbai
NBCC Eyes Acquisition of Defunct PSUs to Redevelop and Monetize Land Banks
NBCC India Ltd. is planning to acquire defunct public sector undertakings (PSUs) to redevelop and monetize their land, leveraging its expertise in construction and project management. This move aligns with the government’s plan to monetize non-core assets
Real Estate Maharashtra
HDFC Bank Plans to Monetize Real Estate Assets from Merged HDFC Ltd
HDFC Bank is set to sell some of the iconic real estate assets it inherited from the merger with HDFC Ltd, including the prestigious HDFC House in Churchgate, South Mumbai, and several residential apartments previously allocated to senior HDFC executives.
Real Estate Pune
PVR INOX to Unlock Value from Prime Real Estate Assets
PVR INOX plans to monetize non-core real estate assets in prime locations such as Mumbai, Pune, and Vadodara, as part of its growth strategy.
Real Estate Pune
PVR INOX to Monetize Real Estate Assets
PVR INOX, a leading multiplex operator, is planning to monetize its real estate assets in prime locations such as Mumbai, Pune, and Vadodara.
Real Estate
NBCC Announces 1:2 Bonus Share Issue, Utilizes Rs 90 Crore Free Reserve
NBCC India Ltd has announced a bonus share issue in the ratio of 1:2 to eligible shareholders, utilizing Rs 90 crore from its free reserves. The company has a robust order book of over Rs 81,300 crore and is strategically focused on redevelopment, PSU lan
real estate news
PVR-INOX's Strategic Focus: Closing Non-Performing Screens and Monetizing Real Estate Assets
PVR-INOX plans to close 70 non-performing screens in FY25, add 120 new screens, and monetize non-core real estate assets in prime locations.
Real Estate Mumbai
Recent Developments in Income Tax: ITAT Decisions from 14 to 20 July 2024
Get the latest updates on income tax from the ITAT decisions, from final assessment orders to cash deposits during demonetization.
real estate news
Real Estate Recovery Still a Distant Dream
The Indian real estate market is still reeling from the effects of demonetization, GST, and new regulations, with new project launches at a 13-year low.
real estate news
Prestige Estates Projects to Raise ₹5,000 Crore via QIP, Monetize Hospitality Assets
Prestige Estates Projects, a leading real estate developer, has approved a plan to raise up to ₹5,000 crore through Qualified Institutions Placement (QIP) and monetize its hospitality segment assets.
real estate news
Prestige Estates to Unlock Rs 5000 Crore by Monetizing Hotel Business
Real estate giant Prestige Estates Projects is set to raise a massive Rs 5000 crore by monetizing its hotel business.
Real Estate
Unlocking the Potential of State-Owned Assets: BSNL and MTNL's Rs 1 Lakh Crore Land Bonanza
Property consultants and realty experts view the monetization of BSNL and MTNL assets as a significant opportunity
Real Estate Mumbai
Unlocking India's Telecom Treasure: BSNL and MTNL's Rs 1 Lakh Crore Land Asset Monetization Push
BSNL and MTNL are gearing up to monetize their land assets