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Mumbai ITAT has remanded a case holding that a vacant flat not let out can still attract income tax under Section 23 of the IT Act.

Vacant Flat Can Still Attract Income Tax Notice: Mumbai ITAT Remands Case on Notional Rent

Mumbai ITAT has remanded a case holding that a vacant flat not let out can still attract income tax under Section 23 of the IT Act.
  • August 1, 2026
Mumbai property deals rose 8% YoY in July 2026, but rising ticket sizes signal costlier homes for buyers ahead.

Mumbai Property Market Grows 8% YoY in Jul 2026, But Rising Ticket Sizes Signal Costlier Homes Ahead

Mumbai property deals rose 8% YoY in July 2026, but rising ticket sizes signal costlier homes for buyers ahead.
  • July 31, 2026
Real estate stocks traded mixed in early market hours as the Nifty Realty index slipped around 1%. Shares of Godrej Properties, Lodha Developers and DLF declined, while select stocks like Oberoi Realty and Anant Raj showed mild gains as investors remained cautious.

India’s Cities Need $2.4 Trillion by 2050, But Municipal Funding Falls Short

Indian cities need US$2.4tn by 2050, but municipal corporations face a major financing gap, says the FICCI-EY report.
  • July 31, 2026
Real estate stocks opened on a cautious note as Indian markets struggled for direction. While selective developers like DLF showed resilience, broader weakness in the sector suggests a volatile and range-bound trading session ahead.

Realty Stocks Close July on the Back Foot as FIIs Buy and Nikkei Surges; Crude Easing Offers Hope

Realty stocks open July 31 with caution as FIIs buy ₹3,623 cr and Nikkei surges 3.53%. Crude easing and month-end close set the sector’s final test.
  • July 31, 2026
Parking slots belong to the Society, not individual members. Maharashtra Co-op Appellate Court dismisses appeal, citing Bye-laws 78 and 82, in Santacruz housing society parking dispute.

Only 5 Parking Slots for 52 Flats: Court Upholds Annual Lottery & ₹3,000 Fee in Colaba Society

Court upholds Colaba society’s decision to shift to yearly parking lottery and hike charges to ₹3,000/month in building with just 5 slots for 52 flats.
  • July 31, 2026