Skip to main content

Industry News

/sites/default/files/2022-05/industry%20news%20image.jpg

Industry News

  • Housing.com-Guidelines to implement EV charging stations in housing society in Maharashtra

    Are you aware about the regulations related to implementing EV charges in a housing society? This guide focuses on the recommendations to be followed while implementing EV charging stations in housing societies in Maharashtra.

     

  • The Economic Times-Tweak in input tax credit may hit realty developers

    The government's proposal to amend the Finance Bill 2025 with respect to input tax credit (ITC) on construction expenses for leased properties is expected to impact real estate developers of commercial properties.

     

    The Supreme Court ruling of October 2024 allowed ITC on such leased properties, providing financial relief to property developers by lowering their cost of commercial leasing. Following the ruling, tax authorities reassessed cases, leading to the issuance and withdrawal of multiple tax demands.

  • Financial Express-What Homebuyers Gained from Budget 2025 – More savings, tax perks & more

    The Union Budget 2025 has emerged as a game-changer for homebuyers, offering multiple tax benefits and incentives. From easing taxation policies to boosting affordable housing, the government’s initiatives are set to have a lasting impact on the real estate sector and homebuyers.

     

    Be it tax reforms under the new tax regime or exempting second property from tax for notional rental income are some of the key announcements made by Finance Minister Nirmala Sitharaman on Saturday.

  • Moneyconrol.com-How the budget’s TDS measures can spur rental housing growth

    Finance Minister Nirmala Sitharaman's announcement in the union budget that the threshold for tax deducted at source (TDS) on rental income will now be Rs 6 lakh per annum, has raised hopes of  increased supply among watchers of the rental housing market. The current threshold is Rs 2.4 lakh per annum.

     

    The primary beneficiary markets are expected to be metros and large cities, where most rentals are at or near the new TDS threshold of Rs 50,000 per month.

     

  • constructionweekonline.in-Why India is staring at a housing crisis

    India’s top nine cities, where majority of Indians migrate for jobs, is staring at a housing crisis. As developers shift focus to luxury housing, the supply of homes in the affordable and mid-income category (priced Rs 1 crore and below) has dipped by 36% in the last two years, from 3,10,216 units in 2022 to 1,98,926 units in 2024 with NCR, Mumbai and Hyderabad as worst performers, said a report by NSE-listed real estate data analytics firm PropEquity.

     

  • devdiscourse.com-Transforming Urban India: Housing, Transit, and Infrastructure Milestones

    The Economic Survey 2024-25 details significant progress under the Pradhan Mantri Awas Yojana – Urban (PMAY-U), with 1.18 crore houses sanctioned, 1.14 crore grounded, and over 89 lakh completed. The initiative, launched in 2015, aims to provide permanent urban housing, and its new phase, PMAY-U 2.0, targets an additional one crore households by 2025.

    Read More

  • Housing.com-Innovative approaches to urban housing and infrastructure development: MHADA’s perspective

    Maharashtra, one of India’s most urbanised states, stands at a critical juncture as rapid urbanization reshapes its cities. With over 50 million people living in urban areas, the demand for affordable housing and robust infrastructure has never been higher.

     

    The urban housing crisis: A closer look

  • moneycontrol.com-Union budget allowing to declare two houses as 'self-occupied' is a big tax relief, will boost rental housing, say experts

    Real Estate experts said that Union budget allowing homeowners to declare two houses as "self-occupied" property is the biggest tax relief and it will give further impetus to rental housing.

     

  • Hindustan Times-Homeowners get simpler tax rules, higher limits in Sitharaman's budget

    When homeowner Akhilesh Kumar learned about the new tax provisions for property owners in the budget announced by finance minister Nirmala Sitharaman on Saturday, he quickly calculated that he could save up to ₹1.5 lakh annually on his rental income.

     

  • Business Standard-Delhi NCR sees steepest surge in property prices, rates jump 49% in 1 year

    The Delhi-NCR housing market has witnessed a massive 49% increase in property values over the past year, leading the nation in price growth, according to the latest report by digital real estate transaction and advisory platform dPropTiger.com. This surge is largely driven by sustained demand for luxury homes, despite rising costs for building materials and labor.