Builders ask Govt To Reconsider GST on FSI Charges, Warns of Potential 10% Increase in Housing Prices

CREDAI has strongly opposed the proposed 18% GST on FSI (Floor Space Index) and Additional FSI charges, claiming that it could raise housing prices by 7-10%, making affordable housing projects financially unfeasible. The real estate body has urged the government to reconsider the move, warning that it could lead to stalled developments and disrupt the housing market.

Ghajini Producer Madhu Mantena’s Company Acquires Multiple Apartments Worth Rs. 25.75 Crore in Mumbai

Madhu Mantena, the acclaimed film producer behind Ghajini and Queen, has made a significant investment in Mumbai’s luxury real estate market. His company, Big Bang Mediaverse, acquired three premium apartments in Juhu for a total of Rs. 25.75 crore, further expanding his business interests.

The Rise of Indian HNIs and UHNIs in 2024: A New Era of Wealth and Influence

India’s population of high-net-worth individuals (HNIs) and ultra-high-net-worth individuals (UHNIs) is surging in 2024, fueled by tech, start-ups, and real estate. With a growing focus on luxury consumption, global investments, and sustainability, India’s wealthy are reshaping the global economic landscape, with younger entrepreneurs at the forefront of this transformation.

CREDAI-MCHI and MAHAPREIT Sign MoU to Drive Decarbonization and Address Air Emissions in the Construction Sector

CREDAI-MCHI and MAHAPREIT have partnered to address air emissions in the construction sector. Their collaboration focuses on creating a roadmap for decarbonization, promoting eco-friendly practices, and working towards net-zero emissions. The initiative will involve studying emissions from construction activities and operational buildings, setting sustainability targets, and training stakeholders to adopt greener building techniques.

Manish Paul Rents Out His Office Space in Mumbai for Rs. 2 Lakh Per Month

Bollywood actor and television host Manish Paul has leased out his commercial…