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This ruling is important, as for availing tax benefits, investment in a new house must be made within a specific period of time. To the extent of investment in the new house, the taxable component of long-term capital gains is reduced.
Defence Ministry: The Godrej Reserve project is being built on an 18.6-acre land parcel. The developer has already launched about 1.91 million sq ft and had got bookings for 1.51 million sq ft worth Rs 2,693 crore, according to the company's FY24 regulatory filing.
The current developer Jagdale Infrastructure has received a letter of intent from the Slum Rehabilitation Authority in 2022 and is now bringing in L&T Realty as its partner in the project.
The down payment for first-time homebuyers in Hefei city and Wuhan city have been lowered from 20% to 15% - the lowest ratio allowed that the central bank announced last week, Shanghai Securities News reported on Wednesday.
The category for Retail Individual Investors (RIIs) fetched 6.02 times subscription, while the quota for non-institutional investors got subscribed 2.76 times.