IFC, domestic funds back Brookfield India REIT’s ₹2,600-crore QIP

Brookfield India Real Estate Trust is raising Rs 2,600 crore through a Qualified Institutional Placement. Major investors include IFC, Whiteoak Capital, HDFC Life Insurance, Axis Max Life Insurance, and PPFAS Mutual Fund. The funds will support acquisitions and debt repayment. This fundraising follows significant capital raised since 2023. The REIT has expanded its operational assets considerably.

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Missing papers put 2.5 lakh property deals in Gurugram on radar

The Income Tax department is investigating 2.5 lakh property deals in North India valued at over Rs 3 lakh crore. This action follows failures by revenue offices in Gurgaon and Faridabad to report transactions accurately. Missing or incorrect PAN details hampered tax verification. Surveys revealed significant tax evasion.

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ED conducts fresh raids in PMLA case against Kolkata-based Merlin Group

The Enforcement Directorate conducted fresh searches on Friday against Kolkata-based Merlin Group and linked entities as part of an ongoing money laundering probe. This action follows earlier raids concerning alleged fabrication of land titles using forged documents and subsequent exploitation of the land for real estate projects.

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Tax benefit claimed for reinvestment allowed during reassessment: ITAT

A taxpayer can claim capital gains exemption for a new house even without filing an original tax return. The Mumbai ITAT ruled that such claims are valid if made during reassessment proceedings. This decision supports taxpayers by preventing procedural errors from blocking legitimate tax benefits. The case involved a taxpayer who reinvested capital gains in a new property.

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Signature Global to invest ₹2,891 crore in Gurugram project; partners with Tonino Lamborghini

Signature Global has entered into a brand licensing agreement with Italian lifestyle brand Tonino Lamborghini to develop a premium residential project in Gurugram with an estimated GDV of ₹4,000 crore. The project will span over 12.4 acres and comprise 812 units, marking the brand’s entry into India’s housing market.

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Ashiana Housing to invest ₹800 crore for land acquisition in FY27

Ashiana Housing plans to invest ₹800 crore in land acquisition across India in FY27, a senior executive said. The company reported record senior living sales of ₹570.2 crore in FY26, driven by strong demand in the segment.

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Agra: 20 years on, 3,000 homebuyers seek state government intervention over stalled Ansal township

Over 3,000 homebuyers of Ansal Properties' Sushant Taj City in Agra are seeking possession of plots booked nearly two decades ago. Despite paying in full, buyers are frustrated by the lack of progress and clarity from the Uttar Pradesh government and the Agra Development Authority, which has a stake in the project.

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