BENGALURU LAND SALE
You have to file ITR if you carried out any of these eight transactions
Even with income below Rs 2.5 lakh (old regime) or Rs 3 lakh (new regime), filing ITR is mandatory if certain transactions occurred. These include spending over Rs 2 lakh on foreign travel, holding foreign assets, high TDS/TCS amounts, significant deposits in current or savings accounts, high business turnover or professional receipts, or substantial electricity bill payments.
Father sells house worth Rs 67 lakh and shows only Rs 1,690 income in ITR, wins case in ITAT Ahmedabad; Know how
Dilip, an Indian taxpayer, won a case at the ITAT Ahmedabad regarding a Section 54 LTCG tax exemption. Despite initially facing scrutiny for claiming Rs 15.99 lakh as indexed cost of improvement with cash payments and selling his house below stamp duty value, the ITAT directed the tax officer to verify and allow his claim. Read more.
Extend income tax audit deadline due to ITR portal glitch, enhanced reporting needs: BCAS
The Bombay Chartered Accountants' Society (BCAS) has urged for extensions to income tax deadlines, citing persistent glitches on the e-filing portal. BCAS, along with other associations, highlighted challenges like delayed utility releases, technical bottlenecks, and overlapping deadlines. They propose extending deadlines for tax audit reports and ITR filings to alleviate taxpayer burden and ensure compliance quality.
PSU stocks: Time to relook? But don’t use the 2023 lens; choose the business. 57 PSU stocks, some good, some not so good
A bull run from June 2023 to June 2024, and then a bear run for a year. PSU stocks now seem at a stage where it is probably time to look at them again. For those who have not noticed, some of these stocks have seen higher-than-average volumes. Also a sort of outperformance in the bearish phase where they did not decline like other stocks in the market. They are not in the news any more; nor are many talking about them on TV. All signs suggesting it might probably be time to look at them again. But this time do it from a very different perspective – and not just because they are PSU. What matters is the category of business they fall into.
How to pay zero or lower income tax on your residential property sale using Sections 54 and 54F
Indian income tax laws offer exemptions on long-term capital gains (LTCG) from selling residential property and land. Sections 54 and 54F of the Income Tax Act allow individuals and HUFs to avoid LTCG tax by reinvesting the gains into a new residential property, subject to specific conditions and timelines for purchase or construction.
Puravankara secures redevelopment project in South Mumbai’s Malabar Hill
Puravankara has secured a Rs 2,700-crore project to redevelop a prime housing society in Mumbai's Malabar Hill, adding 7 lakh sq ft of development potential. This acquisition strengthens Puravankara's Mumbai portfolio, now totaling 4.25 million sq ft with a potential gross development value of Rs 10,500 crores.
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Husband has to pay income tax for wife’s Rs 17-crore land sale deal due to this reason; ITAT Bangalore ruling explained
In a recent ruling, the Income Tax Appellate Tribunal (ITAT) Bangalore held that a wife is exempt from income tax on the ₹17.26 crore sale of land gifted by her husband. The ITAT cited Section 64(1)(iv) of the Income Tax Act, stating that income from assets gifted between spouses is taxable in the hands of the transferor, not the recipient.
RERA Impact: Arrest warrant issued against builder who failed to pay compensation to property buyer for 14 year delay in possession
Haryana RERA has directed the arrest of a builder's directors. This action follows their failure to compensate a property buyer. The buyer faced a 14-year delay in property possession. Despite a 2022 order for Rs 8.6 lakh compensation, the builder did not pay. The arrest warrants target directors, including one abroad. Read below to know how the property buyer won.
Ashiana Housing buys 23-acre land in Chennai, eyes Rs 1,200 cr revenue from senior living project
Ashiana Housing has acquired approximately 23 acres of land in Chennai. The company plans to develop a senior living housing project. The project has a revenue potential of Rs 1,200 crore. The land was acquired from Mahindra World City Developers Ltd. The project will consist of villas and apartments. Ashiana Housing aims to expand into Bengaluru and Mumbai.
Abhishek Kapoor appointed as CEO, My Home Constructions
My Home Constructions has appointed Abhishek Kapoor as its new Chief Executive Officer with immediate effect. Kapoor, who resigned as Group CEO and Executive Director of Puravankara Limited in May 2025, brings over two decades of experience in real estate leadership.
Abhishek Kapoor appointed as CEO, My Home Constructions
My Home Constructions has appointed Abhishek Kapoor, former Group CEO of Puravankara Limited, as its new CEO. With over two decades of experience, Kapoor will spearhead the company's growth strategy, focusing on expanding its presence in key metros like Bengaluru, Chennai, and Mumbai.
Return of reading: How books are making a cool comeback among the young and social
Gen Z, often cited as the loneliest generation, is redefining reading by transforming it into a social and aesthetic experience. Online book clubs and public reading events are booming, fostering community and connection. Social media platforms like BookTok and Bookstagram drive book discovery and influence purchasing decisions, prompting publishers to adapt their marketing strategies to engage this digitally savvy audience.
Snowflake doubling down on investments in India; sees massive headroom to expand: MD
AI data cloud firm Snowflake is strategically expanding its presence and capabilities, aiming to grow its headcount to over 700 employees by the end of 2025. The company has recently opened a new office in Mumbai and plans to expand its presence in Bengaluru by August 2025.
Brigade Enterprises eyes Rs 11,200 cr revenue from land bank acquired in June quarter
Brigade Enterprises anticipates Rs 11,200 crore revenue from its recently acquired land bank. The company added 10 million sq ft of land in the June quarter. They will focus on Bangalore, Chennai, and Hyderabad markets. Brigade Enterprises reported a 3% rise in sales bookings to Rs 1,118 crore. The company's consolidated net profit increased by 79% to Rs 149.
Kotak Realty Fund backs KVN Properties with Rs 1,000 crore bet on residential growth
Kotak Investment Advisors, via its Kotak Realty Fund, is set to invest ₹1,000 crore in KVN Properties, a land aggregation platform. The investment, structured in two tranches, will fuel KVN's expansion plans across major metros, aiming for 10 million sq. ft. of development potential by FY26.
Cabinet nod for Online Gaming Bill; Bluestone’s listing day gains
Cabinet approved the Online Gaming Bill, outlawing online money games. This and more in today's ETtech Top 5.
India-China bonhomie owes much to Trump’s push
India and China are cautiously recalibrating trade ties, with Beijing lifting export restrictions on key materials. This follows recent diplomatic talks and signals a pragmatic approach to cooperation amidst global uncertainty. While both nations are easing visa restrictions and discussing direct flights, significant challenges remain.
Taxman eyes crypto code; China stalls India tech JVs
We’ve got fresh details on India’s crypto regulation push, plus a look at China’s tech deal delays. This and more in today's ETtech Top 5.
Our business philosophy is clear - grow to sell or sell to grow, says SN Subrahmanyan, chairman & MD, Larsen & Toubro
EPC projects remain our dominant segment at about 75% of revenue... Services businesses tend to be more profitable—they’re not materialintensive. That’s why we’re pushing services portfolio faster, says SN Subrahmanyan, chairman & MD, Larsen & Toubro.
Godrej Properties net debt rises 42 pc to Rs 4,637 cr in Q1, debt-equity ratio at 0.26
Godrej Properties' net debt increased by 42% to Rs 4,637 crore in the June quarter as it expands to meet housing demand. Despite the rise, the debt-to-equity ratio remains comfortable. The company aims to acquire land parcels worth Rs 20,000 crore this fiscal year and is on track to meet its sales bookings target of Rs 32,500 crore.
Brigade Enterprises shares in focus after Q1 profit surges 79%
Brigade Enterprises reported a 79% rise in Q1 FY26 net profit to Rs 149.88 crore, driven by strong residential sales and a robust project pipeline. Total income grew to Rs 1,332.86 crore, with real estate revenue up 22% and EBITDA rising 10%. Leasing and hospitality segments also posted healthy growth, while ICRA upgraded the company’s credit rating to AA (Stable).
Global rush for real assets: Why India holds the winning hand
India's robust economic growth, driven by strong domestic consumption and a favorable demographic dividend, positions it as a promising real estate market. Rising household incomes and an expanding, digitally capable workforce fuel demand for both commercial and residential properties. Despite global uncertainties, India's real estate sector demonstrates resilience, attracting international capital and benefiting from initiatives like "Made in India."
Godrej Properties balance sheet strong, to pursue good land-buying opportunities: Chairperson Pirojsha Godrej
Godrej Properties is aggressively expanding its portfolio, acquiring five land parcels in Q1 with a revenue potential of Rs 11,400 crore. Backed by a strong balance sheet, the company aims to surpass its annual project addition target of Rs 20,000 crore.
Godrej Properties balance sheet strong, to pursue good land-buying opportunities: Chairperson Pirojsha Godrej
Godrej Properties is aggressively expanding its portfolio, acquiring five land parcels in Q1 with a revenue potential of Rs 11,400 crore. Backed by a strong balance sheet, the company aims to surpass its annual project addition target of Rs 20,000 crore.
Prestige Group acquires 102 acres of land in Q1 to build homes worth Rs 20,000 cr
Prestige Estates Projects Ltd. has strategically expanded its residential portfolio by acquiring 102 acres of land across key cities like Bengaluru, Hyderabad, Chennai, and Mumbai, earmarking these parcels for housing projects with a potential gross development value exceeding Rs 20,000 crore.
Godrej Properties on track to meet or exceed Rs 32,500 cr pre-sales target for FY26: Pirojsha Godrej
Godrej Properties aims to meet or exceed its ₹32,500 crore sales target for fiscal year 2025-26, despite an 18% dip in Q1 pre-sales due to a high base effect and project launch delays. Executive Chairperson Pirojsha Godrej notes a cooling housing market post-COVID, but strong demand persists.
Godrej Properties on track to meet or exceed Rs 32,500 cr pre-sales target for FY26: Pirojsha Godrej
With an eye on its ambitious Rs 32,500 crore sales goal, Godrej Properties remains confident in the strong housing demand, even as the market finds its footing. The first quarter saw a slight dip in pre-sales, primarily due to a challenging base effect and some delays in launching new projects.
Lodha Developers NCR entry plan: to buy at least one land parcel in FY26 for first housing project
Lodha Developers plans to expand into the Delhi-NCR housing market. The company aims to acquire land this fiscal year. They intend to launch their first residential project in the region next financial year. This move follows Lodha's success in Mumbai, Pune, and Bengaluru. The company reported a strong first quarter with increased net profit and sales bookings.
Lodha Developers shares slump over 6% after reporting Q1 results
Lodha Developers shares: The company reported its highest-ever Q1 pre-sales, reaching Rs 4,450 crore in the June quarter, marking a 10% year-on-year growth. This strong performance was also supported by an increase in PAT margin, which rose to 18.6% from 16.3% in the corresponding period last year.
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