Construction

Feb 17, 2025 08:58 AM IST Australia’s government will ban foreign investors from buying established houses for the next two years as part of an election pitch to tackle surging prices. (Bloomberg) -- Australia’s government will ban foreign investors from buying established houses for the next two years as part of an election pitch to tackle surging home prices. Australia’s...

The Insolvency and Bankruptcy Board of India has recently amended the rules governing the corporate insolvency resolution process (CIRP), enabling distressed homebuyers to take possession of their properties while the resolution process is ongoing. The key objective of these amendments, which were notified earlier this month, is to prevent unnecessary and prolonged delays in handing over possession to...

In a heartfelt tribute to their late father and a commitment to their mother’s love for their home, two brothers in Thubarahalli Palya, East Bengaluru, are undertaking a rare and ambitious task—relocating their two-storey house by 100 feet. According to a report by The Times of India, this unique feat is being carried out to preserve their father’s memories while also addressing persistent...

Several social media users have claimed that there are fears of an impending real estate market crash in Washington DC. Sharing images of houses listed in the area, they pointed out that residents are packing up their belongings and leaving the city en masse. Washington, DC may be heading for a real estate market crash, according to several netizens who claimed a spike in listings of houses in...

There are no changes to the taxation of long-term capital gains (LTCG) derived from residential property in the new Income Tax Bill 2025. Income tax bill 2025: For property bought prior to July 23 2024, the tax on LTCG is computed as lower of 12.5% (without indexation) or 20% (with indexation), plus surcharge and cess For property acquired prior to July 23, 2024, the tax on such long-term...

South Indian cities lead in commercial leasing, with a 26% rise in average rent over six years. Bengaluru tops the list with a 26% increase in monthly office rentals, followed by Hyderabad at 25% and Chennai at 20%. In contrast, NCR in North India experienced a rental growth of 10%, Anarock Research has said. South Indian cities lead in commercial leasing, with a 26% rise in average rent over...

Thinking of gifting a new flat to your wife this Valentine's Day? While some may view it as an extravagant gesture, it could be the perfect idea for husbands with deep pockets. However, before those wealthy husbands get too carried away, here are a few important tax and legal considerations to bear in mind. Valentine's Day 2025: If a husband gifts a property to his wife, the value of the...

Mumbai-based Della Group, which specializes in hospitality, luxury villas, and adventure parks, plans to launch an Initial Public Offering (IPO) by the end of 2025 or early 2026. The company intends to develop 1,000 luxury housing units across India over the next three years, with a projected revenue potential of ₹3,000 crore, according to Jimmy Mistry, founder and chairman of Della Group....

In an effort to tackle Bengaluru’s worsening traffic congestion, the Karnataka government plans to invest ₹1 lakh crore, Deputy Chief Minister D.K. Shivakumar announced at the Invest Karnataka Global Investors Meet. With the city’s vehicle numbers soaring, the government aims to implement large-scale infrastructure projects to improve mobility. Bengaluru already has the highest number of...

The Noida Metro Rail Corporation (NMRC) on Wednesday said it is all set to start the construction work on the 11.56km Metro link between Botanical Garden station and Sector 142 Metro station in the next three months as the central government final approval may come anytime now. A topography study is crucial to fix the alignment of the Metro link, while keeping in mind the hurdles and...