Several fractional ownership platforms have started the process of registering under SM REIT regulations within months of SEBI notifying the rules to govern small and medium real estate investment trusts (SM REITs) of income-generating and completed properties including commercial assets and rental housing.

Strata, India’s commercial real estate (CRE) investment platform, recently announced that it has plans to apply for the SM REITs license by the end of this month under the latest regulations issued by Securities and Exchanges Board of India (SEBI).

The High Court of Bombay, in an order dated 15 April 2024 in the matter of Sarfaraz S. Furniturewalla vs Afshan Sharafali Ashok Kumar & Others, held that TDS (tax deducted at source) is not applicable on transit rent / hardship allowance paid by developers to the owners / occupants of a project under redevelopment. The High Court (HC) has clarified that such transit rent is not to be considered as revenue / income. Consequently, there is no question of TDS as this is not income in the first place.

Going up and beyond the towering walls of the Indian housing market without any guidance is tough. It can show potential buyers an array of complex choices. Yet, with tons of data, a new path has been formed. It lets investors find the right way with accuracy they’ve never seen before. The highest efficiency in this great transition is the big data analytics—a killing-chasing machine that converts huge masses of data into neat and useful intelligence.

A decade after the Gujarat high court imposed a ban on any construction within 500m of capped hazardous chemical waste dumping sites in the city, the latest preliminary report from the country’s premier environmental engineering laboratory — CSIR-National Environmental Engineering Research Institute (CSIR-Neeri) — recommends reducing the ban to 30m.

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The Indian hospitality sector continued to witness Year-on-Year (Y-o-Y) growth in performance in Q1 2024 (January-March), primarily driven by the rise in Average Daily Rate (ADR) of 8.5% over Q1 2023, resulting in a RevPAR growth of 11.4%, a report by JLL has said. Branded hotel openings comprised 36 hotels with 2,316 keys, of which 75% of the total number of keys were in Tier II and III cities, including Jaipur, Indore, Surat, and Ayodhya, to name a few, the report noted.

Growth in housing prices is expected to be nominal in short to medium term after rising sharply over the last two years due to surge in demand post the COVID pandemic, according to Cushman & Wakefield India head Anshul Jain. In a video interview with PTI, Jain, the Chief Executive India & South East Asia and APAC Tenant Representation, Cushman & Wakefield, said the housing demand would continue to be strong in view of high economic growth and a growing desire to own homes among consumers especially, young population.

With their spacious living layouts, private gardens, and premium amenities, villas epitomize high-end living. These properties are not just homes; they are symbols of prestige and comfort, offering a lifestyle that combines privacy with opulence. Featuring architectural grandeur, state-of-the-art facilities, and prime locations, villas cater to a discerning taste of buyers seeking both elegance and exclusivity. Considering their unique characteristics and the growing demand for luxury living spaces, villas present a compelling investment opportunity.

With their spacious living layouts, private gardens, and premium amenities, villas epitomize high-end living. These properties are not just homes; they are symbols of prestige and comfort, offering a lifestyle that combines privacy with opulence. Featuring architectural grandeur, state-of-the-art facilities, and prime locations, villas cater to a discerning taste of buyers seeking both elegance and exclusivity. Considering their unique characteristics and the growing demand for luxury living spaces, villas present a compelling investment opportunity.

This 4-acre project is part of the 60-acre exclusive community 'M3M Golf Estate'. (Image: By Arrangement) Luxury real estate developer M3M Group has launched the most premium product of the Golf Course Extension Road, ‘M3M Altitude’. Projecting an impressive revenue potential of Rs 4000 crore, the project’s allure is magnified by its proximity to the esteemed Trump Towers and a meticulously-designed 9-hole Golf Course.

Navigating tax rules, benefits, and subsidies for Non-Resident Indians (NRIs) in India is crucial for efficient financial management. As NRIs contribute significantly to India's economy, understanding their taxation status, available benefits, and subsidies is essential for maximising returns and complying with legal requirements. In 2024, with evolving regulations and policies, staying informed about the latest updates ensures NRIs can make informed decisions regarding their investments and assets in India.