ITAT Mumbai Clears Real Estate Developer of Fraud Allegations, Allows ₹1.79 Crore Tax Deduction

The Mumbai ITAT has ruled that a real estate developer cannot be denied a tax deduction merely due to alleged fraud by a recipient trust’s employee, allowing Aakash Value Realty’s ₹1.79 crore claim under Section 35(1)(ii).

Mumbai Metro Line 9 Nears Partial Launch, Lifting Realty Sentiment in Dahisar–Mira-Bhayandar Corridor

Mumbai Metro Line 9 is nearing the launch of its first phase between Dahisar and Kashigaon, a development expected to reduce commute times and boost real estate demand across the Dahisar–Mira-Bhayandar corridor.

Builders Must Secure 25% Real EWS Buyers Before Getting Extra FSI Under PMAY

Maharashtra now requires builders under PMAY-U 2.0 to secure registration of at least 25% genuine EWS buyers before unlocking additional FSI benefits if EWS unit prices exceed Ready Reckoner rates by over 20%. The new GR also caps built-up area at 1.4 times carpet area and mandates key NOCs to ensure transparency and real affordability.

India to Lead APAC Office Market Growth in 2026 Driven by Strong GCC Demand

India is set to lead the Asia-Pacific office market in 2026, driven by record leasing, strong GCC demand and rising preference for high-quality office spaces, according to Knight Frank.

NAREDCO Seeks Higher Home Loan Interest Deduction, Reinstatement of Income Tax Settlement Commission

NAREDCO has proposed raising the home loan interest deduction limit and reinstating the Income Tax Settlement Commission, aiming to revive housing demand and improve investor confidence in the real estate sector.