BMC collected a record ₹5,847 crore in property tax over nine months in 2024, with December alone contributing ₹2,501 crore. Strategic campaigns and extended office hours boosted collections, with the western suburbs leading contributions.

The iconic American Center, a ground-plus-seven-storey structure in South Mumbai, has been acquired by HoABL Infraworld Pvt Ltd, led by Abhinandan Lodha, for ₹56 crore. Spanning 1,337 square meters with a development potential of 60,000 square feet, this deal is a milestone in Mumbai real estate.

Tax Deduction at Source (TDS) on rent payments is mandatory for tenants/licensees renting properties under leave and license agreements in Mumbai.

The GST Council's GoM proposes increasing the affordable home price barrier from ₹45 lakh to ₹55 lakh. If authorised, this might help budget homebuyers by matching GST incentives with growing property prices and increasing housing accessibility throughout India.

Housing finance firms (HFCs) want the government's Credit Risk Guarantee Fund Trust for Low-Income Housing reformed. The idea aims to enhance house loan guarantee cover to ₹25 lakh, up from the present maximum of ₹5 lakh, as per sources.

Indian Proptech Portal GHAR reports that Birla Estates, the Aditya Birla Group's real estate subsidiary, has made a major move in Mumbai. For ₹537.42 crore, the business bought a 24.5-acre block of land in the Mumbai Metropolitan Region (MMR) in Kalwa on the Thane-Belapur Road.

Prestige Estates Projects, a prominent real estate developer, disclosed its intention to allocate the ₹5,000 crore it raised through a Qualified Institutional Placement (QIP) earlier this month.

Godrej Properties Ltd. (GPL) won an e-auction held by the Haryana Shehri Vikas Pradhikaran (HSVP) and successfully acquired two prime luxury group housing plots in Gurugram with a winning offer of ₹515 crore.

Emaar India Ltd and MGF Developments Ltd have had immovable assets worth over 401 acres and ₹834 crore temporarily attached by the Enforcement Directorate (ED). Emaar owns properties worth ₹501.13 crore, while MGF Developments retains the remaining assets at ₹332.69 crore.

Rajasthan would implement extensive land reforms to increase greenfield manufacturing land available. Rajasthan's Principal Secretary (Industries) Ajitabh Sharma reported ₹5.2 lakh crore in investment proposals for renewable energy equipment and petrochemical production.

In a collaborative development deal, Dubai-based Atmosphere Living will invest ₹550 crore to establish a premium hotel and villas in Mussoorie. This project is the first of several holiday house projects planned for prominent Indian and international sites.

Kiran Gems' managing director, Mavjibhai Patel, bought a magnificent sea-view flat at Oberoi 360 West, situated in South Mumbai's affluent Worli neighbourhood, for over 97 crore. The transaction, recorded on April 29, included a stamp duty payment of almost ₹5.84 crore.

In Mira Bhayandar, Mumbai 24 ancient wells, some over a century old and others buried by builders, are set for revival with a ₹50 crore budget. This initiative aims to address the increasing water scarcity faced by the growing population.

Deepinder Goyal, the visionary co-founder and CEO of Zomato, has made a notable entry into the real estate market with the acquisition of a coveted plot in Delhi’s Mehrauli for an impressive sum of ₹50 crore, as revealed by documents from CRE Matrix.