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GST on Apartment Maintenance Charges

Learn when your flat maintenance attracts 18% GST, what's included in the ₹7,500 threshold, how to benefit from tax credits, and ways to avoid unnecessary charges. Expert tips for flat owners.

By Admin

  • 7th Mar 2025
  • 1158 Views
HDFC Bank Seals Landmark Lease in Andheri East - 2.72 Lakh Sq Ft at INR 77 Crore Annually

HDFC Bank has secured 2.72 lakh sq. ft. in Andheri East for an annual rent of ₹77 crore, reinforcing Mumbai’s commercial real estate growth. The 10-year lease in R Square by Runwal Realty includes a 15% rent hike every 3 years and ₹116 crore security deposit.

By Admin

  • 31st Jan 2025
  • 1212 Views
Bangalore-based Prestige Group to Lead INR 7000 Crore Housing Redevelopment in Bandra

Prestige Group, along with RC Group and Valor Estate, is launching a ₹7,000 crore redevelopment in Bandra, Mumbai, transforming 19 housing societies across four acres into modern residential complexes.

By Admin

  • 25th Dec 2024
  • 1250 Views
Bajaj-Linked Rishabh Family Trust Seals INR 72 Crore Deal for Iconic Koregaon Park Estate

Rishabh Family Trust, with Bajaj Auto MD Rajiv Bajaj as a trustee, has acquired a ₹72 crore premium property in Pune's Koregaon Park. The deal includes the historic Krishna Kumar bungalow and outhouse, spanning 16,079 sq. ft. on 1.15 acres.

By Admin

  • 13th Dec 2024
  • 1433 Views
Mumbai Property Registrations Skyrocket by 52% in Revenue in Massive Festive Boost

October 2024 saw record property registrations in Mumbai owing to a good purchasing season. Mumbai's property registration revenue is estimated at ₹1,081 crore as of October 29, 2024, as reported by Maharashtra's IGR. An increase of 52% from the ₹712 crore recorded on Diwali in November 2023.

By Admin

  • 31st Oct 2024
  • 1216 Views
Adarsh Developers Achieves Major Financial Turnaround by Repaying INR 750 Cr Edelweiss Debt

Adarsh Developers, a leading real estate developer, repaid a ₹750 crore structured financing arrangement from Edelweiss Alternative Asset Advisors in 2022 progressing towards financial stability.

By Admin

  • 3rd Sep 2024
  • 1312 Views
Godrej Properties and Sobha Secure Prime Land Parcels in Noida with Aggressive Bids

Godrej Properties and Sobha won three important land lots in a Greater Noida Authority auction. The auction saw strong participation, exceeding the reserve price of ₹738 crore with offers totalling ₹1,500 crore.

By Admin

  • 11th Aug 2024
  • 1255 Views
WSB Secures INR 700 Crore for Housing Investments - A Strategic Move in Real Estate

A real estate loan fund raised over ₹700 crore for mid-income and affordable housing projects in tier-I and select tier-II locations by WSB Real Estate Partners. Newly created, fourth SEBI-registered Category-II Alternative Investment Fund (AIF) closes with ₹1,000 crore target capital.

By Admin

  • 4th Aug 2024
  • 1268 Views
Bangalore-based Embassy Group Plans IPO for WeWork India Following Full Acquisition

Embassy Group plans to take WeWork India public after acquiring the remaining 27% interest from US-based WeWork for ₹700 crore. Sources say the coworking office platform would be listed on domestic bourses within 18 months.

By Admin

  • 26th Apr 2024
  • 1472 Views
DLF Shatters Real Estate Sales Records in Gurugram in FY24

In nine months, DLF, India's top real estate developer, met its FY24 bookings estimate. On the heels of a successful 7,200 crore flat sale in their newest project, DLF Privana South in Gurugram's Sectors 76 and 77.

By Admin

  • 8th Jan 2024
  • 1449 Views
Bandhan Bank to Sell INR 775 Crore Home Loan Portfolio to Arcil for INR 280 Crore

Bandhan Bank will sell its ₹775-crore affordable house loan portfolio to Avenue Capital-backed Arcil for ₹280 crore. A planned cash transaction by the bank addresses financial challenges for low-income households struggling to repay housing loans of ₹10-12 lakh.

By Admin

  • 28th Dec 2023
  • 1424 Views
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