ITAT allows capital gains tax exemption against property bought from in-laws

The Mumbai ITAT ruled that purchasing property from relatives is not a sham transaction solely for tax benefits. The tribunal allowed a Rs 41.5 crore exemption under Section 54F, stating that genuine intra-family deals, backed by documentation, cannot be disregarded based on suspicion of tax avoidance.

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Uttar Pradesh RERA registers 106 projects in January-April 2026

Uttar Pradesh’s real estate sector has maintained growth momentum in 2026, with higher project registrations, investments and proposed units compared to the same period last year, according to UP-RERA data, following a steady rise across key indicators in 2023–2025.

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ACB probes 2,600 illegal colonies in Haryana

Haryana's Vigilance Bureau is nearing the end of a major probe into approximately 2,600 illegal colonies. Officials from urban local bodies, town planning, and revenue departments face potential action for alleged collusion with developers. The investigation, mandated by the Punjab and Haryana High Court, aims to identify complicit government employees and could lead to large-scale demolitions.

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Godrej Properties' net profit rises 32.49% in FY26

Godrej Properties announced a significant 32.49 percent jump in its net profit for the financial year 2025-26. The company's profit after tax reached ₹1,840.66 crore. Total income also saw a healthy increase of 20.72 percent. Strong business development additions and record operating cash flow are highlighted. The company plans further growth in the upcoming fiscal year.

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The hidden development boom in slum skyscrapers of Mumbai

Mumbai's slums are growing upwards, with shanties transforming into illegal multi-storey structures that defy height restrictions. This unchecked vertical expansion places an immense strain on the city's aging water, sewage, and sanitation systems, leading to potential infrastructure collapse and water shortages. Despite official awareness and promises of action, enforcement remains a challenge.

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NCLT approves Mantra Properties buyout of Mulund project

The company entered corporate insolvency resolution process (CIRP) in July 2023 on a plea by Beacon Trusteeship Ltd. It has two secured creditors-Beacon Trusteeship with Rs 902 crore and 60.54% committee of creditors share, and Assets Care and Reconstruction Enterprise Ltd with Rs 589 crore and a 39.46% share.

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Home interior startups lean on AI to shave costs, chase profits

India's home interior sector is turning to AI to combat high customer acquisition costs and operational expenses. Companies like Homelane and Livspace are leveraging AI to boost designer productivity and streamline operations, aiming for profitability amidst stiff competition from the unorganized sector.

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