Category: Legal Article

Trifecta Projects Private Limited launches a new housing project in Bengaluru.

May 27, 2024

An Eco-luxury living project, Trifecta Vanto, is located in the prime area of Sarjapur Road in East Bengaluru Bengaluru, 24th May 2024: Trifecta Projects Private Limited, a renowned homegrown builder in Bengaluru, announces the launch of a new housing project, Trifecta Vanto. This one-of-its-kind project is located in the prime area of Sarjapur Road in […]

Trifecta Projects Private Limited launches a new housing project in Bengaluru.more

Madhur Gupta Joins Hero Realty as CEO.

Brings Transformative Leadership to Hero Realty Pvt Ltd New Delhi, May 24, 2024: Hero Realty Pvt Ltd (HRPL) has announced the joining of Mr Madhur Gupta as its new Chief Executive Officer. With an illustrious career spanning over three decades, Mr Gupta brings a wealth of experience and a track record of transformative leadership to […]

Madhur Gupta Joins Hero Realty as CEO.more

Key date of residence for tax benefits: ITAT

May 25, 2024

MUMBAI: The Mumbai bench of the Income-tax Appellate Tribunal (ITAT) has concluded recently that, in the instance of an under-construction property, the date of possession is what counts toward qualifying for a tax advantage under section 54 of the Income-tax (I-T) Act. This decision is significant because it establishes a deadline for making an investment […]

Key date of residence for tax benefits: ITATmore

20,000 real estate agents’ registrations are suspended by MahaRERA.

May 24, 2024

MUMBAI: Only 13,000 real estate brokers remain in the state of Maharashtra after the real estate authority in the state announced on Thursday that it has suspended the registration of 20,000 brokers. The regulator, which started registering middlemen for real estate transactions in 2017, has 47,000 agents registered in total.13,785 agents had their registrations canceled […]

20,000 real estate agents’ registrations are suspended by MahaRERA.more

The Bengaluru civic government is owed Rs 711.1 crore in taxes by over 3.60 lakh properties.

May 22, 2024

BENGALURU: Bruhat Bengaluru Mahanagara Palike (BBMP) is having a lot of trouble getting property taxes from some of the most prominent establishments in the city, including hotels, malls, developers, educational institutions, and charity trusts. Approximately 3.63 lakh homes owed Rs 711.1 crore in taxes as of May 18. With 57,043 houses owing Rs 95 crore, […]

The Bengaluru civic government is owed Rs 711.1 crore in taxes by over 3.60 lakh properties.more

Trezi Partners with CADD Emirates, and Targets the thriving AEC Market in UAE with Trezi Lens.

21 May 2024, Delhi NCR, India: Trezi, a leading innovator in the immersive technology space for architects, designers, real estate developers, infrastructure design firms, and building product manufacturers (AEC Industry) today announced its strategic partnership with CADD Emirates, a prominent AEC software & solution provider. This collaboration brings Trezi Lens, a platform that enables collaborative […]

Trezi Partners with CADD Emirates, and Targets the thriving AEC Market in UAE with Trezi Lens.more

Housing in Mumbai continues to thrive with strong April 2024 property registrations.

May 20, 2024

Mumbai’s real estate sector is witnessing an impressive performance with property registrations for April 2024 expected to cross 11,500 units from 10,514 a year earlier. Notably, the current figures represent a 9% increase in registrations compared to the same period last year, reflecting a continuous positive outlook. This robust activity is projected to contribute over […]

Housing in Mumbai continues to thrive with strong April 2024 property registrations.more

Godrej & Boyce and Godrej Properties to continue their association for land development in Vikhroli.

Dateline: Mumbai: Godrej & Boyce, the owner-developer, and Godrej Properties, the development manager, announced that the two companies will continue their Memorandums of Understanding executed from time to time, for development of land in Vikhroli owned by Godrej & Boyce, as and when Godrej & Boyce is desirous of developing the said land. Godrej Construction, […]

Godrej & Boyce and Godrej Properties to continue their association for land development in Vikhroli.more

Max Estates announces strategic investment of INR 388 Crore from New York Life Insurance Company.

Max Estates to use proceeds for expanding in the high growth residential market for fuelling residential growth 01st May 2024, New Delhi: Max Estates Limited, the real estate arm of the Max Group, today announced a strategic investment of INR 388 Crore from New York Life Insurance Company, America’s largest mutual life insurer[1]. Upon the transaction’s close, New […]

Max Estates announces strategic investment of INR 388 Crore from New York Life Insurance Company.more

Housing ICRA predicts overall real estate inventory to decrease by 40-60%.

In Q4 FY24, LIC Housing Finance’s net profit decreases by 9.14%.

May 18, 2024

NEW DELHI: A 9.14% decrease in net consolidated profit was recorded by LIC Housing Finance for the quarter that concluded on March 31, 2024. In Q4 FY24, the company’s profit after tax was Rs 1,082.06 crore, compared to Rs 1,190.88 crore in the same quarter of the previous fiscal year, according to a BSE filing. […]

In Q4 FY24, LIC Housing Finance’s net profit decreases by 9.14%.more

Category: Legal Article

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