Browsing Tag
property investment
41 posts
Subhash Ghai and Wife Mukta Ghai Buy ₹24 Crore Luxury Apartment in Mumbai’s Bandra
Bollywood director Subhash Ghai and his wife Mukta Ghai have purchased a luxury apartment in Bandra West, Mumbai, for ₹24 crore. Located in the upscale 81 Aureate project, the 4 BHK flat spans 5,239 sq. ft. and includes three car parking spaces. The transaction, registered on February 3, 2025, incurred a stamp duty of ₹1.44 crore. Bandra’s prime location and connectivity continue to attract celebrities, with Sonakshi Sinha also recently selling an apartment in the same building for ₹22.50 crore.
With Just ₹75,000 in His Bank, Vedanta Founder Anil Agarwal Bought His First Home in Malabar Hill
Vedanta founder Anil Agarwal recently shared an inspiring story about his first home purchase in Mumbai. Despite having only ₹75,000 in his bank account, he refused to settle for a suburban home and instead set his sights on Malabar Hill. His determination led him to buy a 330 sq ft flat in Navranga Apartment, marking a major milestone in his journey. Agarwal’s story is a testament to the power of ambition, proving that with hard work and self-belief, even the biggest dreams can become reality.
Budget 2025: Tax Relief on Two Homes, ₹15,000 Cr SWAMIH Fund & Urban Growth Push Real Estate Forward
The Union Budget 2025-26 brings significant tax relief for homeowners, allowing tax exemptions on two self-occupied properties instead of one. This progressive move enhances homeownership benefits, reducing notional rental tax burdens and making real estate investments more attractive. Additionally, the budget introduces a ₹15,000 crore infusion into the SWAMIH Fund to accelerate stalled housing projects, boosting market confidence. With zero income tax up to ₹12 lakh, middle-class disposable income is set to rise, fueling housing demand. However, industry experts highlight the need for further reforms, including home loan interest deductions and streamlined approval processes, to maximize sectoral growth.
