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03 Apr 2025
The Ghaziabad district administration has approved compensation for farmers whose land will be acquired for the Harnandipuram township at four times the existing circle rates. The compensation varies across five villages, with rates ranging from INR 1,020 to INR 7,200 per square meter. The project is part of an INR 15,000 crore initiative backed by the government, with INR 400 crore already allocated. Additional benefits, including developed plots in exchange, will also be proposed to affected farmers.
03 Apr 2025
Kolhapur Municipal Corporation sealed 25 shops in the Kapiltirth vegetable market for unpaid rent, taxes, and utility dues dating back to 2015. The operation, carried out under police protection, recovered INR 15 lakh from rent defaulters. Additionally, INR 2.9 crore in water supply arrears was collected from the Central Railway, and a 50% discount scheme on outstanding bills helped recover INR 13.6 crore from citizens. The municipality continues its push to recover overdue payments and enforce regulations.
03 Apr 2025
Mumbai's real estate market experienced a 10.3% year-on-year increase in property registrations in March, with a record INR 1,597 crore in stamp duty collections, marking a 45% YoY growth. High-value transactions drove the growth, with residential properties making up 80% of registrations. For FY 2024-25, registrations rose by 9%, and stamp duty collections increased by 22%. Premium properties, especially those priced above INR 2 crore, saw an uptick in demand, signalling shifting buyer preferences toward larger, higher-end homes. The Western and Central Suburbs remained the dominant real estate hubs, accounting for 78% of the total market share. However, the Central Suburbs experienced the most significant growth, increasing their share from 29% to 34%.
03 Apr 2025
Effective April 1, the Nashik Municipal Corporation (NMC) will levy a 30% additional tax on both residential and commercial rental properties, replacing the previous high surcharges. Earlier, Residential rental properties had to pay a surcharge of 100%, while commercial rental properties had to pay 400%. Property owners will need to provide tenant information to benefit from the new system. NMC has appointed private agencies to conduct surveys and ensure proper tax assessments.
02 Apr 2025
SEBI has introduced a fast-track framework for follow-on public offers (FPOs) to streamline capital raising by Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). Key provisions include mandatory in-principle listing approvals, lock-in periods for sponsors, and a minimum 25% public unit holding post-FPO. Merchant bankers must submit due diligence certificates alongside draft FPO documents. The move aligns with global practices in the U.S. and U.K., aiming to boost investor confidence, market transparency, and fund access. By simplifying fundraising norms, SEBI supports faster capital mobilisation for real estate and infrastructure development across India.Read more
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02 Apr 2025
The district committee in Bhopal is currently reviewing objections to an 18% increase in property guideline rates, which has sparked concerns among various stakeholders. The proposed hike, aimed at aligning property rates with the current market conditions, could impact property buyers and valuations. The committee is carefully assessing the feedback before finalising the new rates, which will directly affect stamp duties and property valuations. This review process will help ensure a balanced approach that considers both market dynamics and public concerns regarding the proposed increase.
02 Apr 2025
TruHome Finance has raised USD 100 million through external commercial borrowings (ECB) to fund affordable housing projects in India. The raised capital will be utilised to extend home loans to economically weaker sections and low-income groups, supporting the government's mission to make housing more accessible. This financial move is expected to enhance TruHome's capacity to lend, promoting affordable housing solutions across the country. The funding will help accelerate the development of affordable homes, contributing to the sector's overall growth and meeting the rising demand for budget-friendly housing.
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.
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