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ITAT Mumbai Upholds ₹47 Crore Tax Addition: Land Cost Must Be Counted in Real Estate Revenue Calculations

ITAT Mumbai has ruled that land cost must be included in real estate project cost under POCM, upholding a ₹47.26 crore tax addition against a developer. The decision impacts how builders calculate revenue in joint development projects.

🏗️ Realty Stocks Start the Week on a Cautious Note as Markets Open Flat; Large Developers Hold Steady

Real estate stocks opened the week flat, with large developers holding steady while mid-caps remained weak. Analysts expect a cautious, range-bound session as investors await new triggers and monthly presales updates.

Fadnavis Govt Reconstitutes Balasaheb Thackeray Memorial Trust; Uddhav Thackeray Returns as Chairman Aaditya as Trustee

The Maharashtra Government has reconstituted the Balasaheb Thackeray National Memorial Trust, appointing Uddhav Thackeray as Chairman and several political leaders and officials as trustees. The move follows the expiry of the previous term and ensures continuity for the memorial’s development.

PMAY Homebuyers Cheated: ED Arrests OSBPL Head for Fraud, Fund Diversion and Cash-Based Resale Racket

The Enforcement Directorate has arrested OSBPL Managing Director Swaraj Singh Yadav for allegedly cheating PMAY homebuyers through fake cancellations, dual sales, and cash-based premiums. Searches recovered ₹86 lakh in cash, and a Delhi court has granted 14-day ED custody.

Real Estate Optimism Strengthens in Q3 2025 as Sentiment Index Climbs

The Knight Frank–NAREDCO Sentiment Index for Q3 2025 shows rising optimism in India’s real estate sector, with the Current Score climbing to 59 and strong confidence across residential and office markets despite global economic pressures.