Real estate seeks input tax credit for leasing activities

L&T Wins Ultra-Mega 6,400 MW Thermal Power Contract from Adani Power

Larsen & Toubro (L&T) has secured an ultra-mega order from Adani Power to establish eight advanced thermal power units of 800 MW each, adding a total of 6,400 MW to India’s generation capacity. The contract will be executed by L&T Energy – CarbonLite Solutions (LTECLS), the company’s specialised arm for advanced power and low-carbon technologies.Project ScopeThe contract covers complete design, engineering, manufacturing, supply, and commissioning of Boiler-Turbine-Generator (BTG) packages, along with auxiliaries and related mechanical, electrical, and control & instrumen..

MahaRERA Grants One-Year Extension for Palais Royale Completion

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has given luxury residential project Palais Royale in Worli, Mumbai, an additional year to complete construction and secure an Occupancy Certificate (OC) by December 30, 2024. The decision, aimed at ensuring the project’s completion, comes despite buyer frustration over delays of more than a decade.The extension was granted to Honest Shelters, the current promoter, following its application on November 23 to revise the possession date. Originally, the project’s completion was scheduled for December 31, 2021, but it had already rec..

TRU Realty To Launch Rs 2.5 Billion Projects In Mumbai By 2025

TRU Realty, led by former Kolte-Patil CEO Sujay Kalele, is set to enter the Mumbai residential market with two premium housing projects in the Santacruz–Andheri corridor, scheduled for launch in September 2025.Spanning a combined 0.3 million sq ft, the developments involve an investment of Rs 2.5 billion and aim to generate Rs 4 billion in revenue by 2028. Strategically located near Juhu Beach, Andheri Railway Station, and Chhatrapati Shivaji International Airport, the projects are positioned to benefit from limited land availability and strong demand in the city’s high-end housing segment..