Australian Prime Minister Anthony Albanese (AP file photo) Australian Prime Minister Anthony Albanese is facing criticism after purchasing a multimillion-dollar waterfront home amid a national housing crisis.The 4.3 million Australian dollar ($2.9 million) clifftop property is located in Copacabana, north of Sydney. Critics argue that the purchase shows Albanese is out of touch with Australians…
MUMBAI: Way back in 1995, Baba Siddique was an ebullient, brash, smooth-talking young Congress corporator from Bandra West, attired in a chic pair of jeans and a T-shirt when this correspondent first encountered him in the corridors of the BMC headquarters. As Mumbai’s real estate market flourished towards the end of the last century, so…
Mallikarjun Kharge (File photo) NEW DELHI: Encouraged by the decision of the family of Mallikarjun Kharge to return five acres of state-owned land in Bengaluru allotted to it, BJP on Monday went on the offensive against the Congress chief by demanding his resignation, while also alleging that the controversial deal is yet another confirmation of…
MUMBAI: The police are investigating various angles in the murder of former minister Baba Siddique, including any dispute related to Slum Rehabilitation Authority (SRA) scheme projects, reports .Siddique had interests in real estate through his associates and previously faced an ED investigation for his involvement in the SRA project of the Jamaat-e-Jamhooria slums in Bandra…
Representative Image (left); Vetri Vendhan (right) CHENNAI: A 43-year-old man was arrested by the Tiruvallur town police for killing 16 stray dogs by poisoning their food, as these animals continuously attacked and bit his pigeons and hens. The arrested man was identified as Vetri Vendhan, 43, a resident of Tiruvallur town. Police said he is…
MUMBAI: Premium and luxury housing are boosting residential real estate sales, according to multiple reports. In fact, the growth is now showing in the outstanding portfolios of home loan providers, with their share of loans for homes valued at Rs 75 lakh and above increasing from 19% in March 2020 to 31.4% in March 2024.A…
Representative Image A nearly 100-year-old Indian conglomerate Raymond Ltd. is looking to list its apparel and real estate units by the end of 2025 as the founders look to boost shareholder value. The group, which oversees a motley mix of businesses ranging from engineering, aerospace to fashion and realty, will have three listed entities by…
NEW DELHI: Union finance minister Nirmala Sitharaman on Wednesday announced amendments regarding the Long-Term Capital Gains (LTCG) tax proposal on real estate during a debate on the Finance Bill in Lok Sabha.Taxpayers will now have the choice to calculate their tax liability using either the old system or the reduced rates without indexation, and pay…
NEW DELHI: Govt has decided to rework its proposal on long-term capital gains tax for real estate by providing individuals and HUFs the option to pay tax along with indexation benefit at 20%, or at 12.5% without indexation, depending on where they are better off. The tweak — for properties acquired before July 23, 2024…
NEW DELHI: The Union Budget 2024 has introduced changes to the taxation of long-term capital gains (LTCG) arising from the sale of property. The indexation benefit, which allowed property owners to adjust their purchase price for inflation, has been removed. Instead, a new LTCG tax rate of 12.5% will be applied to the capital gains…
