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joint development agreements

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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.

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.
Mumbai Metropolitan Region topped India's land deals in 2025 with 32 transactions for over 500 acres, driving national total to 3,772+ acres amid strong demand for residential, mixed-use, industrial and data centre projects – per ANAROCK Research.

MMR Leads Record Land Deals as India Clocks Nearly 2,900 Acres in H1 2025—1.15x of 2024 Volume

India recorded nearly 2,900 acres in land deals in H1 2025, already surpassing last year’s total volume. MMR led transaction volumes, while tier 2 and 3 cities emerged as major contributors to India’s land acquisition boom.