Spouse’s name on property papers not enough to tax sale proceeds: ITAT

The Income Tax Appellate Tribunal ruled that adding a spouse's name to property for convenience doesn't automatically make them liable for entire sale proceeds. The tribunal directed tax officers to verify if the husband was the sole funder and owner, and if capital gains were already taxed in his return, offering relief to a Mumbai taxpayer.

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Five listed REITs distribute ₹2,566 crore to unitholders in Q4 FY26

India’s five listed REITs distributed over ₹2,566 crore to more than 4.25 lakh unitholders in Q4 FY26. For FY26, cumulative distributions stood at over ₹8,900 crore, while the sector’s gross asset value crossed ₹2.72 lakh crore.

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Knowledge Realty Trust to invest ₹700 crore to build 1.4 million sq ft office space in Bengaluru

Knowledge Realty Trust (KRT) plans to invest Rs 700 crore over three years to develop 1.4 million sq ft of office space in Bengaluru. The REIT, sponsored by Sattva Group and Blackstone, is also seeking acquisitions for inorganic growth. KRT anticipates continued strong performance in FY27, driven by demand from Global Capability Centres.

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ED arrests Punjab real estate businessman in land fraud case

The Enforcement Directorate has arrested real estate businessman Ajay Sehgal in a money laundering probe linked to alleged fake consent letters for Punjab government's Change of Land Use (CLU). Sehgal, Secretary of ICHBS, is accused of forging signatures for the Suntec City project and other developments, with sales exceeding Rs 200 crore. Investigations into other officials are ongoing.

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HDFC Bank backs Hyderabad luxury housing project with ₹300 crore

HDFC Bank has provided Rs 300 crore in funding for a Rs 2,000 crore ultra-luxury residential project in Hyderabad's Kokapet. This investment highlights a trend of developers seeking structured financing amid moderating sales and strong demand for premium homes, with Hyderabad leading southern India's luxury market.

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Wipro founder Azim Premji’s son buys Rs 45.7 crore Bengaluru home

Tariq Premji, the son of Wipro's iconic founder Azim Premji, has made waves in the real estate world by securing a stunning duplex penthouse in central Bengaluru for Rs 45.7 crore.

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ICICI Prudential AMC buys Mumbai’s VIOS Tower office for ₹525 crore

ICICI Prudential AMC has acquired nine floors in Mumbai's VIOS Tower for over Rs 525 crore through its office yield fund. This acquisition, totaling over 3 lakh sq ft of pre-leased office space, marks the fund's seventh commercial asset purchase, reinforcing its focus on income-yielding real estate.

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