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SquareFeatIndia

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The ED has attached crypto worth ₹2,385 crore and properties worth ₹2,681 crore in the OctaFX scam case. With the mastermind arrested in Spain, this high-stakes investigation reveals how illicit funds are layered through real estate and global financial networks.

ED Attaches ₹2,385 Crore in Crypto Linked to OctaFX Scam; Properties Worth ₹2,681 Crore Seized Including 19 Assets & Luxury Yacht in Spain

The ED has attached crypto worth ₹2,385 crore and properties worth ₹2,681 crore in the OctaFX scam case. With the mastermind arrested in Spain, this high-stakes investigation reveals how illicit funds are layered through real estate and global financial networks.

Raheja Universal Reacquires Raheja Centre Point, Kalina for ₹211 Crore

Raheja Universal has reacquired its commercial property Raheja Centre Point at Kalina, Santacruz (East), for ₹211 crore, according to a sale deed accessed by SquareFeatIndia. The document shows the deal with HDFC Bank was registered on 9 September 2025, with ₹12.66 crore stamp duty paid.
The GST Council’s landmark reform slashes tax rates on cement and key construction materials from September 22, 2025. Homebuyers stand to gain as lower input costs reduce project expenses by 3–5%, boosting affordability in the mid-income and budget housing segments. Experts including Anuj Puri (ANAROCK) and the Cement Manufacturers’ Association hail the move as transformative, with potential to revive demand and accelerate project launches ahead of the festive season.

GST on Homes: Affordable at 1%, Luxury at 5%, Ready Flats Exempt

Affordable homes attract just 1% GST, under-construction projects 5%, while ready-to-move-in flats are exempt. With cement GST cut to 18%, construction costs may ease, but buyer benefits depend on developers.
Mumbai’s office stock hit 169 Mn sq. ft. in H1 2025, with over 50% in Grade B assets. SBDs lead the shift, flex space dominates leasing, and vacancy hits a 10-year low, as per Knight Frank’s Billion Sq Ft report.

BJP Constitutes Special Study Group to Tackle OC Certificate Delays in Mumbai Housing Societies

The BJP’s Mumbai unit has formed a four-member study group to tackle the city’s long-standing Occupation Certificate (OC) delays that have left thousands of housing societies in limbo. Guided by former MP Gopal Shetty, the committee will investigate the issue and propose measures to bring relief to affected homebuyers.
GST

GST Cut on Cement: Will Homebuyers Really Benefit, or Will Developers Pocket the Gains?

The GST Council’s decision to cut cement tax rates to 18% is expected to reduce construction costs by 3–5%. But will this relief ever reach homebuyers? Drawing from two decades of reporting on real estate, Varun Singh argues that past experience shows developers rarely pass on such benefits. From premium reductions to infrastructure boosts like the Coastal Road, home prices have only risen. Unless homebuyers collectively demand accountability, this GST relief too may remain only in builders’ profit books.