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G Square acquires 5-acre land in Madurai from TVS Group for Rs.167 crore, eyes plotted development

India, March 23 -- Chennai-based real estate developer G Square Group has acquired a five-acre land parcel in Madurai for Rs.167 crore from the TVS Group, the company said in a statement. The company... Read More


Planning to gift property to your spouse? LTCG may still be taxed in your hands

India, March 22 -- Arjun Mehta, a 42-year-old salaried professional from Mumbai, gifted a residential property to his wife, Kavya Mehta, aged 39, without any monetary consideration. Although Kavya bec... Read More


David Sassoon linked property in Malabar Hill to razed for 22-storey luxury tower

India, March 22 -- A slice of Mumbai's architectural history is set to disappear from Malabar Hill, as Malabar Court, an over 70-year-old Art Deco residential building with links to the family of Jewi... Read More


Aravalli park encroachment flagged by DLF Phase 3 residents, RWA

India, March 22 -- Residents and the residents' welfare association (RWA) of Aravalli Woods condominium in DLF Phase 3 have written to the Municipal Corporation of Gurugram (MCG) commissioner on March... Read More


Buying an apartment? Don't ignore the fine print on parking charges

India, March 22 -- A Bengaluru-based homebuyer looking to buy an apartment said he was asked to pay an additional Rs.2-2.5 lakh for parking over and above the apartment's base price of about Rs.85 lak... Read More


Height curbs near Bengaluru airports: Easing norms may boost supply, soften mid-segment housing prices

India, March 22 -- Height restrictions around key aviation facilities in Bengaluru have become a major bottleneck for real estate development, prompting the Karnataka government to seek a review of th... Read More


Section 54 tax exemption: Can seven adjoining flats merged as a single housing unit qualify for relief?

India, March 21 -- A taxpayer who sold a residential property for around Rs.2.7 crore and reinvested the capital gains into seven adjacent flats on the same floor was initially denied exemption under ... Read More


High rents, rain-triggered outages: Are power-backup gated communities the answer for Bengaluru tenants?

India, March 21 -- Tenants in Bengaluru say frequent power outages during rains continue to disrupt daily life, even in premium areas like HSR Layout and JP Nagar, raising concerns over infrastructure... Read More


Rain-triggered outages push Bengaluru tenants toward 24x7 power-backup gated communities

India, March 21 -- Tenants in Bengaluru say frequent power outages during rains continue to disrupt daily life, even in premium areas like HSR Layout and JP Nagar, raising concerns over infrastructure... Read More


State BJP office allotted extra 15,000sq ft at Nariman Point

India, March 21 -- The state government has allotted the additional 15,000sq ft sought by the ruling Bharatiya Janata Party (BJP) for its state headquarters at Nariman Point. This is in addition to th... Read More