BUSINESS
FM removes indexation benefit for property sales, reduces long-term capital gains tax in Budget
Finance Minister Nirmala Sitharaman announced the removal of the indexation benefits for the sale of property in the Union Budget,Owing to the removal of indexation, property sellers will not be able to inflate the sale price of the property
BUSINESS
Encourage states to lower stamp duty, including property purchases by women: Finance Minister
The Union government has long flagged high stamp duty rates as the reason for the high home prices, relatively low rates of property ownership, as well as the rampant "black money" dealings in the sector.
BUSINESS
UltraTech's 23% stake in India Cements seen as promising market investment: CFO Atul Daga
UltraTech Cement's acquisition of a 23 percent stake in India Cements is a strategic non-controlling financial investment, expected to capitalize on market conditions, according to CFO Atul Daga.
BUSINESS
UltraTech Q1 Results: Net profit flat on-year at Rs 1,695 crore, misses estimates; shares fall
UltraTech Cement fiscal first quarter net profit missed street estimates, remaining flattish on-year. Net profit was at Rs 1,695 crore, while revenue rose about 2 percent to Rs 18,069 crore.
BUSINESS
EXCLUSIVE: Embassy REIT may sell Quadron office campus in Pune, expects more than Rs 1,200 cr
Embassy Quadron a leasable area of 1.9 million sq ft. Marketing for the deal starts this month, with a sale expected next year.
BUSINESS
PE investments in Indian real estate likely to surpass 2021 peak
Private equity investments in Indian real estate in 2024 will go past the $6.2-billion mark of 2021 after a sharp dip in 2023, Knight Frank has said
BUSINESS
Century Textiles to launch real estate projects worth Rs 12,000 cr in FY25
Company to raise funding from private equity and other sources at a project level. The company is pivoting to expand into the real estate segment.
BUSINESS
Kolkata homebuyers had to wait longest for flats between 2014 and 2024: Anarock
Homebuyers had to wait less for their homes to be completed between 2014 and H1 2024, than they did between 2010 to 2019. Kolkata, however, lagged behind other major markets in that metric
