In a key relief to builders, the Bombay High Court has struck down GST demands on the utilisation of Transferable Development Rights (TDR). The court clarified that such rights do not qualify as 'supply' under GST law. This verdict could have broader implications for real estate taxation and compliance costs.

Oberoi Realty posted a 45% YoY decline in net profit at INR 327 crore for Q4 FY25, even as revenue rose marginally to INR 1,057 crore. The drop is attributed to higher expenses and slower inventory monetisation. Analysts noted market sentiment remains positive due to its project pipeline and land reserves.

The CBDT has intensified its crackdown on tax evasion with the aim of detecting INR 24 lakh crore in undeclared income. Using advanced analytics and artificial intelligence, the department plans to identify discrepancies across various filings, focusing on high-value transactions and shell companies as part of an aggressive compliance campaign.

Reliance Industries plans to invest INR 15 trillion in renewable energy and petrochemical projects over the next 10 years. The focus will be on green hydrogen, solar modules, and decarbonisation, along with expanding its petrochemical capacity. This aligns with the group's long-term net-zero goals and India's push towards energy security.

Stakeholders in Uttarakhand's real estate sector have voiced concerns over UKRERA's functioning, calling for more clarity in rules and transparent enforcement. They cited delays in project approvals and confusion around compliance as major roadblocks for builders and buyers alike. Authorities have assured that suggestions will be reviewed to improve regulatory clarity.

In 2024-25, Kolkata saw a decline in unsold affordable housing stock, reflecting demand recovery in the budget segment. However, the city witnessed a notable rise in unsold inventory in the luxury housing segment. The shift signals a growing supply demand mismatch in higher-end units amid changing buyer affordability patterns and cautious investment.

The Punjab and Haryana High Court has struck down a Haryana government notification that gave RERA recovery powers similar to those of revenue officers. The court held that the directive bypassed statutory provisions and exceeded jurisdiction, delivering a significant verdict for regulatory balance between real estate authorities and civil administration.

The Bombay High Court has ruled that the Goods and Services Tax (GST) cannot be levied on Transferable Development Rights (TDR) used by developers for housing projects. This decision offers relief to builders, as GST authorities had earlier raised tax demands on such transactions, increasing compliance burdens on real estate firms.

SEBI has barred a broker for manipulating market orders through spoofing, leading to illegal gains of over INR 3 crore. The regulator stated that the broker placed large orders without intent to execute, misleading investors. The penalty underscores SEBI's continued crackdown on unfair trading practices in India's financial markets.

India's industrial output recorded marginal growth, signalling resilience despite global and domestic economic headwinds. The uptick was led by manufacturing and electricity sectors, though mining showed a slower pace. Analysts cautioned that inflation, global uncertainties, and weak external demand could still affect momentum in the coming quarters.

India Ratings has forecasted a 3-4% increase in residential property prices for FY26, citing stable demand and limited inventory in prime locations. The report highlights that rising input costs and regulatory clarity will influence future price trends. However, developers are expected to maintain cautious pricing strategies amid buyer sensitivity.

The US SEC is set to approve the launch of XRP futures ETFs by April 30, potentially sparking a fresh rally in the crypto market. The move could provide more institutional access to Ripple's token, with broader implications for Bitcoin, Ethereum, and regulated crypto investment vehicles globally.

Wagons Learning's IPO will open for subscription on May 2 with a price band of INR 78-82 per share. The edtech firm aims to raise funds to expand operations and boost working capital. The issue's Grey Market Premium (GMP) and investor appetite will be closely watched in the SME segment.

Home services platform Urban Company has filed its Draft Red Herring Prospectus (DRHP) with SEBI for a proposed INR 1,900 crore IPO. The issue includes fresh equity and an Offer for Sale (OFS) from existing investors. Proceeds will be used for tech investments, expansion, and improving operational efficiency.

MHADA will post 1.5 crore housing-related documents online as a significant step toward transparency. This initiative aims to reduce the reliance on RTI applications and provide easy access to project records, lease agreements, and land-related papers for Mumbai citizens. The digitisation drive is expected to streamline property verification and ownership claims.

Bengaluru's real estate market is witnessing a surge in affordable studio apartments, with several options available under INR 30,000 monthly rent. These compact units, located in areas like Whitefield and Electronic City, are increasingly popular among young professionals and students seeking budget-friendly and conveniently located homes.

Embassy REIT has raised INR 675 crore through short-term debt to refinance existing loans and manage working capital requirements. The fund-raising move is part of its ongoing strategy to optimise debt costs and strengthen liquidity amid rising demand for quality office spaces in key Indian markets.

McDonald's India has leased office space at Paradigm Hyderabad Business Park for a monthly rent of INR 1.4 crore. The leased premises cover 36,000 sq ft, reflecting the company's plans to expand operations in southern India. The deal further strengthens Hyderabad's position as a major commercial real estate hub.

Actor Vicky Kaushal has renewed the lease for his luxurious 8,000 sq ft Juhu apartment in Mumbai. The revised deal amounts to INR 6.2 crore for a three-year period, with a monthly rent of approximately INR 17 lakh. The upscale property is located in the coveted Rajmahal building.

Telangana RERA has fined a Hyderabad-based developer INR 4.2 lakh for advertising a real estate project without mandatory RERA registration. The authority warned developers against such violations, stressing that promotion without approval undermines buyer protection and transparency measures in the real estate sector.

Uttar Pradesh Chief Secretary Durga Shankar Mishra recently handed over property registries to residents of a Greater Noida society. This marks progress in resolving pending documentation for homeowners under the state's special drive, which aims to regularise property transactions and address ownership issues in Greater Noida and Noida regions.

RBI Governor Shaktikanta Das has stated that India's macroeconomic stability and resilient growth are enhancing its appeal among global investors. Speaking at a recent event, he emphasised that India's sound financial sector, stable inflation, and proactive policy support have positioned the country as a strong destination for investment flows.

Odisha Real Estate Regulatory Authority (ORERA) is facing potential shutdown issues as its two key members are approaching retirement. Without replacements in place, the regulatory body risks operational paralysis, raising concerns among stakeholders about delay in project approvals and grievance redressal in the state's real estate sector.

CtrlS Datacenters has announced a Rs 500 crore investment in a greenfield data centre in Bhopal. Set to be built on a 5-acre site in Badwai IT Park, the facility will support AI and cloud computing applications. The project is expected to create 200 jobs and contribute to the region's digital ecosystem. - PTI

Mahindra Lifespaces saw its Q4 FY25 residential sales bookings fall 3% to Rs 1,055 crore, but full-year pre-sales rose 20% to Rs 2,804 crore. The company's Q4 net profit increased by 19% to Rs 85.09 crore, although annual profit declined to Rs 60.94 crore amid higher total income for the fiscal. - PTI

IRFC posted a 3% decline in Q4 profit at Rs 1,667 crore despite higher income of Rs 6,723 crore. Its board has cleared a plan to raise up to Rs 60,000 crore in FY26 via bonds. The company also appointed Randhir Sahay as Director (Finance) and is focused on diversifying its lending portfolio. - PTI

The Maharashtra government will acquire about 8,000 acres in Chhatrapati Sambhajinagar to develop new industrial units, CM Devendra Fadnavis said. He also outlined infrastructure projects such as a ring road, a flyover, and better port connectivity. The city is also being positioned as the country's EV capital, with efforts underway to resolve drought issues. - PTI

Mahindra & Mahindra's INR 555 crore acquisition of a 58.96% stake in SML Isuzu is set to strengthen its position in the greater than 3.5 tonne commercial vehicle market. With plans to grow its market share from 3% to over 20% by FY36, the deal is part of M&M's strategy to scale its operations. - PTI

Vodafone Idea has launched 5G services in Chandigarh and Patna, following its Mumbai rollout in March. The telecom company plans to expand to Delhi and Bengaluru in May. Users with 5G devices can access unlimited data on plans starting at Rs 299, enjoying enhanced services like streaming, gaming, and fast downloads. - PTI

YouTube has named Gunjan Soni as its Country Managing Director for India. With over two decades of experience in business and marketing, including roles at ZALORA, Star India, and Myntra, Soni will lead YouTube's efforts to boost growth, innovation, and creator engagement in India, contributing to the country's vibrant digital landscape. - PTI

Experion Developers plans to invest over Rs 2,000 crore in 'The Trillion,' a luxury housing project in Gurugram. Located in Sector 48, the 5.5-acre development will feature 540 apartments. The first phase will offer 180 apartments priced between Rs 6-8 crore, with construction slated to begin soon and completion expected in 5-7 years. - PTI

LIC Housing Finance has reduced its lending rate by 25 basis points, making home loans more affordable. The move could stimulate demand in the housing market and offer relief to both new and existing borrowers amid fluctuating interest rate trends.