GST Council’s Latest Decision Targets Revenue Leakage with New Rules on Commercial Property Rentals

GST Council’s 54th meeting introduces significant changes to commercial property rentals, applying Reverse Charge Mechanism (RCM) to transactions involving unregistered landlords to curb revenue leakage. Additionally, location and Preferential Location Charges are now classified under construction services with reduced GST rates, improving transparency and reducing friction in the real estate market.

Fractional Ownership vs. Traditional Real Estate: A Comparative Analysis

Investing in real estate can be approached through fractional ownership or traditional methods. Fractional ownership offers lower entry costs, diversification, and professional management, while traditional real estate requires substantial capital and involves direct management. Discover which investment model suits your financial goals and preferences.

Kangana Ranaut Sells Bandra Bungalow for ₹32 Crore, Earning ₹12 Crore Profit

Kangana Ranaut has sold her Bandra bungalow for ₹32 crore, earning a profit of ₹12 crore. Purchased in 2017 for ₹20 crore, the property faced BMC demolition during the MVA rule but has now been sold to Shweta Bathija of Kamalini Holdings. The deal was registered on September 5, 2024.

MHADA Announces New Lottery Date for Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) is set to hold a lottery for 2,030 homes in Mumbai, with significant updates including price reductions for 370 homes and extended application deadlines. The application process starts on August 9, 2024, and the lottery draw will take place on October 8, 2024.

Bengaluru’s Home Sales Surge: 30% Jump in Value and 19% Rise in Transactions in June Quarter

Bengaluru’s residential market experienced a 30% jump in home sales value and a 19% increase in transactions in the June quarter of 2024. Prestige Group led in the number of transactions, while Embassy Group achieved the highest sales value. The report highlights a growing demand for premium properties and key trends in various Bengaluru micro-markets.