Mumbai Property Market Hits 14-Year High in May Registrations

Mumbai Property Market Hits 14-Year High in May Registrations

Mumbai’s real estate sector witnessed a robust surge in May, with property registrations reaching 12,315 units, marking the highest volume for the month in 14 years. According to data released by Knight Frank India, this performance represents a 7 percent year-on-year increase, signaling resilient demand among homebuyers in India‘s financial capital. Contextualizing the Market Surge…

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Income Tax Department Scrutinizes Rs 3 Lakh Crore in Property Transactions Across North-Western India

Income Tax Department Scrutinizes Rs 3 Lakh Crore in Property Transactions Across North-Western India

The Indian Income Tax Department has launched a massive investigation into more than 2.5 lakh high-value property transactions, collectively valued at over Rs 3 lakh crore, across north-western India. Officials identified Gurugram and Faridabad as the primary hubs of suspected tax evasion, citing widespread discrepancies in registration records, including missing or incorrect Permanent Account Number…

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