Vineet Nalawalla, Partner, Veritas Legal
Real Estate

Vineet Nalawalla, Partner, Veritas Legal

Removal of GST on under-construction properties has been a longstanding demand of the industry and the industry hopes that the forthcoming budget would address this issue and bring under construction properties on parity with the ready homes. Removal of GST coupled with reduction on stamp duty rates and low home loan interest rates will incentivise buyers and investors to purchase property.

In addition to what is stated above, high land cost and development premiums payable by the developers has significantly increased the cost of construction. Revising the land reckoner rates and reduction of development premiums payable to authorities will help in reducing the cost of construction and in turn result in lowering the property prices.

Removal of GST on under-construction properties has been a longstanding demand of the industry and the industry hopes that the forthcoming budget would address this issue and bring under construction properties on parity with the ready homes. Removal of GST coupled with reduction on stamp duty rates and low home loan interest rates will incentivise buyers and investors to purchase property. In addition to what is stated above, high land cost and development premiums payable by the developers has significantly increased the cost of construction. Revising the land reckoner rates and reduction of development premiums payable to authorities will help in reducing the cost of construction and in turn result in lowering the property prices.

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Della, Hiranandani & Krisala unveil Rs 11 billion themed township in Pune

In a first-of-its-kind initiative, Della Resorts & Adventure has partnered with Hiranandani Communities and Krisala Developers to develop a Rs 11 billion racecourse-themed township in North Hinjewadi, Pune. Based on Della’s proprietary CDDMO™ model, the hospitality-led, design-driven project aims to deliver up to 9 per cent returns—significantly higher than the typical 3 per cent in residential real estate.Spanning 40 acres within a 105-acre master plan, the mega township will feature an 8-acre racecourse and international polo club, 128 private villa plots, 112 resort residences, a ..

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Hansgrohe unveils LavaPura Element S e-toilets in India

Hansgrohe India has launched its latest innovation, the LavaPura Element S e-toilet series, introducing a new standard in hygiene-focused, smart bathroom solutions tailored for Indian homes and high-end hospitality spaces.Blending German engineering with minimalist aesthetics, the LavaPura Element S combines intuitive features with advanced hygiene technology. The series is designed for easy installation and optimal performance under Indian conditions, reinforcing the brand’s focus on functional elegance and modern convenience.“With evolving consumer preferences, smart bathrooms are no lon..

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HCC Net Profit Stands at Rs 2.28 Billion for Q4 FY25

Hindustan Construction Company (HCC) reported a standalone net profit of Rs 2.28 billion in Q4 FY25, a sharp increase from Rs 388 million in Q4 FY24. Standalone revenue for the quarter stood at Rs 13.30 billion, compared to Rs 14.28 billion in Q4 FY24. For the full fiscal year, the company reported a standalone net profit of Rs 849 million, down from Rs 1.79 billion in FY24. Standalone revenue for FY25 was Rs 48.01 billion, compared to Rs 50.43 billion in the previous year.Consolidated revenue for Q4 FY25 stood at Rs 13.74 billion, and for FY25 at Rs 56.03 billion, down from Rs 17.73 billion i..

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