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When should a housing society in Mumbai start considering re...
From GST on JDAs to SEBI’s REIT reclassification and the S...
Stay ahead in the world of real estate with our daily podcas...
Stay ahead in the world of real estate with our daily podcas...
02 Apr 2025
The Yamuna Expressway Industrial Development Authority (YEIDA) has approved a budget of INR 9,991 crore for FY 2025-26 and increased land allotment rates across all categories, with hikes ranging from 20% to 110%. Corporate office plots saw the highest rise, up by 110%. The move aims to address rising land acquisition costs and align with market trends. Additionally, compensation for land acquisition has been raised from INR 3,100 per sqm to INR 4,300, impacting property prices.
02 Apr 2025
Over the past six trading sessions, foreign portfolio investors (FPIs) have infused INR 31,000 crore into Indian equities, driven by appealing valuations and favorable macroeconomic factors. This significant investment surge follows an INR 26,505 crore inflow in the first six sessions of December, bringing total FPI equity investments for the month to over INR 57,300 crore. Analysts attribute this trend to political stability, robust economic growth, and a steady decline in U.S. bond yields, which have enhanced India's attractiveness as an investment destination.
02 Apr 2025
The Jammu and Kashmir government has announced that, effective from April 1, 2025, stamp duty will be exempted on property transfers executed through gift deeds among blood relatives. This exemption aims to ease family property transactions and reduce financial burdens. The notification specifies that both the giver and recipient must provide identification proof, and it applies only to transfers within defined blood relations. This move is expected to simplify property transfers and encourage intra-family gifting.
02 Apr 2025
The Greater Noida Authority has raised land rates by 5% across all categories, impacting residential, commercial, and industrial plots. For residential areas, the rate increased from INR 47,227 per square meter to INR 49,588. The hike also affects builder plots, commercial, and institutional rates. Additionally, a penalty waiver for unregistered flats has been introduced, and a substantial budget of INR 5,600 crore has been allocated for land acquisition and infrastructure development for the 2025-26 financial year.
02 Apr 2025
The Nashik Municipal Corporation (NMC) has issued warrants to 426 property tax defaulters, each owing over INR 1 lakh, after multiple notices were ignored. The defaulters have been given a 21-day ultimatum to clear their dues or face property confiscation. NMC aims to recover outstanding taxes before the end of the financial year. Despite an amnesty scheme earlier, more than 1.5 lakh property tax defaulters remain, with a total of INR 250 crore in dues.
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02 Apr 2025
The Bidhannagar Municipal Corporation has extended the deadline for property tax payments for the 2024-25 financial year. Online payments will be accepted until April 5, while cash payments must be made by April 4. The civic body aims to boost tax collection and has set a target of INR 44 crore for this year. Efforts are also underway to introduce the Bharat Bill Payment System for added convenience. Additionally, a uniform tax structure is being planned across all 41 wards.
01 Apr 2025
The Ulhasnagar Municipal Corporation (UMC) has released a list of the city's 100 largest property tax defaulters, which includes properties owned by politicians and prominent builders. Despite the implementation of the Abhay Yojana scheme, offering up to 100% relief on late payment fees, many property owners have not cleared their dues. The UMC warns that if these defaulters fail to settle their outstanding taxes, the corporation may initiate property seizures and auctions. Currently, out of 183,550 properties within UMC limits, there are arrears totaling INR 833.30 crore, with only INR 126 crore recovered as of March 22, 2025.
01 Apr 2025
Authorities in Gautam Budh Nagar have proposed a circle rate hike ranging from 20% to 70%, a move that could significantly impact homebuyers and property investors. If approved, this increase will raise the minimum property valuation for stamp duty calculations, making real estate transactions more expensive. Higher circle rates could also influence market prices, affecting affordability in Noida, Greater Noida, and surrounding areas. The proposal is currently under review, with stakeholders expressing concerns over its potential impact on housing demand and investment in the region. Experts predict that this move may impact demand, especially for affordable housing projects.
01 Apr 2025
The Kolhapur Municipal Corporation has announced a INR 1,335 crore budget for the 2025-26 fiscal year, keeping property and water tax rates unchanged for the fifth consecutive year. While maintaining stable tax rates, the budget includes a 10% hike in user charges for municipal services. The move reflects the civic body's focus on revenue generation without significantly burdening property owners. The budget also prioritises infrastructure upgrades and public services, ensuring that urban development continues while maintaining affordability for residents and businesses in Kolhapur.
01 Apr 2025
Coimbatore has recorded a 14.42% increase in revenue from property registrations in the financial year 2024-25, reflecting strong real estate activity in the region. The surge is attributed to rising property transactions, government incentives, and improved infrastructure. The Coimbatore Municipal Corporation has also launched a Geographic Information System (GIS) mapping initiative for Open Space Reservation (OSR) lands to enhance urban planning and prevent land encroachments. Authorities believe that this step will help identify unutilised lands, streamline property-related documentation, and support infrastructure growth in the city. The move is expected to benefit both policymakers and citizens by improving access to accurate land records and urban planning data.
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