Construction

The Narendra Modi government is set to ease long-term capital gains tax for sale of properties proposed in the Union budget 2024, Reuters reported. The Narendra Modi government is set to ease long term capital gains tax for sale of properties proposed in the Union budget 2024(PTI/ Representative Image) As per the report, in case of the transfer of a long-term capital asset being land or...

Aug 06, 2024 06:10 PM IST The government may allow real estate investors to continue using indexation for all transactions till July or give a choice between the old and new LTCG regimes The government is looking at several options for addressing concerns regarding the real estate sector due to the indexation removal announced in the Union Budget 2024 which has made representations pour in,...

Bengaluru-based RMZ Corporation and the Canada Pension Plan Investment Board on August 6 said that they have completed the sale of One Paramount 1, an office complex in Chennai, to Singapore-based Keppel Ltd for $264 million. RMZ Corp, CPP Investments sell office asset in Chennai to Keppel for $264 million (Representational photo)(RMZ Corporation) Located in Porur, Chennai, One Paramount 1...

Bengaluru-based real estate developer Brigade Group, through its wholly owned subsidiary, Brigade Tetrarch Private Limited, has entered into a Limited Liability Partnership (LLP) agreement to develop a ₹750-crore commercial space on Old Airport Road in Bengaluru, the company said in a statement on August 6. Brigade Group is set to develop a ₹750-crore commercial space in Bengaluru...

Aug 06, 2024 05:25 PM IST The five-year lease period commences on January 15, 2025, with a starting monthly rent of ₹3.85 crore IDFC First Bank has leased four floors spanning 1.64 lakh square feet in Oberoi Garden City of Mumbai's Goregaon East suburb, property registration documents accessed through real estate portal FloorTap.com showed. IDFC First Bank leases 4 floors spanning...

Bengaluru-based real estate conglomerate, the Prestige Group, has 43 upcoming projects spanning a total of 92 million square feet across its residential, commercial and retail portfolios, according to details shared by the company in its investors’ presentation. Prestige Estates is eyeing 43 real estate projects across residential, commercial and retail segments (Representational...

  Listed real estate firm Valor Estate, formerly known as DB Realty, plans to launch three to four projects in the ongoing fiscal, including residential, commercial and hospitality projects across Mumbai Metropolitan Region (MMR), said Vinod Goenka, chairman and MD of Valor Estate.(Valor Estate) Listed real estate firm Valor Estate, formerly known as DB Realty, plans to launch three to four...

The Yamuna Expressway Industrial Development Authority (Yeida) has said that it has extended the deadline to apply for its residential plot scheme to August 23, 2024 from August 5. The decision to extend the last date came in view of the overwhelming demand from applicants who wished for more time to prepare and submit their applications, Arun Vir Singh, chief executive officer, Yeida told Hindustan...

Aug 06, 2024 08:38 AM IST Country Garden Holdings Co.’s sales slump dragged on last month, adding to the Chinese developer’s woes as it tries to avoid liquidation. (Bloomberg) -- Country Garden Holdings Co.’s sales slump dragged on last month, adding to the Chinese developer’s woes as it tries to avoid liquidation. Country Garden Holdings Co.’s sales slump dragged on last...

Bengaluru-based real estate firm Brigade Enterprises on August 5 reported that its profit in the April to June quarter of the current fiscal year grew nearly four-fold to ₹81 crore from ₹22 crore in the year-ago period. Brigade Enterprises Limited’s net profit up four times to ₹81 crore in Q1 FY25(Brigade Enterprises Limited) The company’s consolidated revenue from operations grew...