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Realty Stocks Start the Day Under Pressure; Mixed Signals Through Early Trade
Realty stocks opened the session under pressure, with major indices sliding and most developers in negative territory. While quality names showed relative stability, broader investor caution points to a range-bound but potentially volatile day for property stocks.
Godrej Properties Buys 11-Acre Prime Land on Golf Course Extension Road, Eyes ₹4,500 Crore Revenue Potential
Godrej Properties has acquired an 11.36-acre land parcel in Sector 63A along Golf Course Extension Road, Gurugram, with an estimated revenue potential of over ₹4,500 crore, strengthening its NCR development pipeline in FY26.
Can a Housing Society Claim Tax Deduction on Interest from Co-operative Banks?
In a key ruling, ITAT Mumbai allowed Valencia Co-Operative Housing Society in Powai to claim tax deduction on interest earned from co-operative bank deposits, clarifying when housing societies can legally avoid tax on such income.