Real estate

Budget 2024: Without indexation, LTCG tax may surge by 290% for post-2010 housing assets, says BankBazaar report

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Budget 2024: Without indexation, LTCG tax may surge by 290% for post-2010 housing assets, says BankBazaar report

Budget impact: In the Union Budget 2024, the Centre has made noteworthy adjustment regarding the treatment of long-term capital gains (LTCG) in property transactions. Specifically, the indexation benefit has been eliminated, resulting in substantial modifications to the LTCG calculation.  Despite this change, it has been affirmed by the government that properties purchased or inherited prior to … Read more

Private equity investment in real estate surges 15% to $3bn in H1 2024: Report

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Private equity investment in real estate surges 15% to bn in H1 2024: Report

Real estate growth: Private equity (PE) investments of $3 billion was recorded in the first half of 2024, which is 15% increase YoY from $2.6 billion in H1 2023. Warehousing sector accounted for largest share of 52% of total PE investments in January – June 2024, followed by residential (29%) and office (20%). The real … Read more

Income Tax Returns: How senior citizens can save capital gains tax during filing their ITR

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Income Tax Returns: How senior citizens can save capital gains tax during filing their ITR

Investments yielding returns over an extended period, specifically a minimum of one to three years, are categorised as long-term capital gains (LTCG). This classification encompasses returns from various investment vehicles such as real estate, stocks, mutual funds and zero-coupon government bonds. Senior citizens intending to liquidate assets such as real estate, stocks, mutual funds, bonds, … Read more

Mutual Funds: Which sectors are good for investment at all times? Here’s what experts say

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Mutual Funds: Which sectors are good for investment at all times? Here’s what experts say

Mutual Fund investment: Market fluctuations are a huge reality in the current times. The India VIX, which measures market volatility using the Nifty 50 index, saw a major correction after the Lok Sabha elections. The VIX has eased down to 13.16 from its peak 31.17 on June 4, when the Lok Sabha elections results declared. … Read more

Oberoi Realty shares jump 9% to new all-time high after 65% increase in net profit. Should you invest?

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Oberoi Realty shares jump 9% to new all-time high after 65% increase in net profit. Should you invest?

Shares of Oberoi Realty on Thursday jumped 9% to hit a fresh 52-week high of Rs 1,712.30 after the company reported a 65% year-on-year (YoY) jump in its Q4 profit at Rs 788 crore. The total income of the company rose to Rs 1,558.56 crore in the quarter from Rs 995.11 crore in the year-ago … Read more

The average age of home loan buyers has significantly decreased from 40 to 28 years: Raoul Kapoor of Andromeda

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The average age of home loan buyers has significantly decreased from 40 to 28 years: Raoul Kapoor of Andromeda

The surge in home loans is driven by the rise in the real estate industry. Andromeda Sales and Distribution witnessed loans disbursal soared by over 23% to touch Rs 75,397 crore, driven primarily by the home loan segment. The home loan business surged to approximately Rs 33,918 crore in FY24, up by over 22% from … Read more

Lot of consolidation happening in cement industry at a faster pace: HM Bangur, Shree Cement

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Lot of consolidation happening in cement industry at a faster pace: HM Bangur, Shree Cement

“One thing you will notice that in India no cement company has ever given any loss to the bank, no haircut. All cement companies have gone at a higher rate than what their debt was. So, it is a very clear that cement buyers are there quite a lot,” says HM Bangur, Chairman, Shree Cement.What … Read more

Mumbai reports a peak with 11,500+ property registration in April 2024: Report

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Mumbai reports a peak with 11,500+ property registration in April 2024: Report

Property registrations in the Mumbai real estate market grew about 9 per cent to 11,504 units in April 2024, from 10,514 units a year earlier. This added over Rs 1,043 crore to the state exchequer, a report by real estate consultant Knight Frank India stated on Tuesday. The real estate market in Mumbai has witnessed a … Read more

Blackstone to take Apartment Income REIT private in $10 bln deal

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Blackstone to take Apartment Income REIT private in bln deal

Asset manager Blackstone said on Monday it would take private rental housing firm Apartment Income REIT, known as AIR Communities, for $10 billion in cash, including debt. Under the deal, Blackstone will pay $39.12 for each share of the real estate investment trust, representing a premium of about 25% to its closing price on Friday. … Read more

Real estate upcycle: Possibly morphing into consumer discretionary

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Real estate upcycle: Possibly morphing into consumer discretionary

FY24 was an interesting year with strong gains across markets caps and sectors. While the Nifty 50 Index was up 29%, the Midcap Index was up 60%, the Smallcap Index was up 70%, Nifty 500 Index was up 39%. The best performing sector was Realty, with the Nifty Realty sector gaining 133%, coincidentally this was … Read more