Property buyers can no longer adjust the purchase price for inflation at the time of sale, negating the impact of the tax cut. That’s because the indexation benefit, removed for properties purchased or inherited on or after 2001, effectively worsens the tax impact. For instance, a property purchased for ₹1 […]
real estate
In Budget 2024, Finance Minister Nirmala Sitharaman removed the indexation benefits previously available for property sales. Global brokerage house CLSA believes this move is negative for investments with shorter duration. The FM also announced a reduction in Long Term Capital Gains (LTCG) Tax on property sales from 20% to 12.5%. […]
After an over 250 percent returns in the last 1 year, domestic brokerage house Geojit Financial Services has initiated coverage on realty stock Sobha with a ‘sell’ call. The brokerage has a target price of ₹1,714 for the stock, implying a potential downside of over 15 percent. “Sobha’s residential segment […]
Shares of textile manufacturer Raymond surged 12 percent in intra-day deals today to hit a record high of ₹2,694.95 apiece. The stock is now over 81 percent higher than its 52-week low of ₹1,487, hit on December 1, 2023. The rise in Raymond comes on the back of a strong […]
In today’s market environment characterised by volatility, investors have been grappling with apprehension and have inclinations towards withdrawing capital or strategizing for minimising losses. Yogi Berra’s renowned quote, “When you come to a fork in the road, take it,” emphasises the importance of making informed decisions and embracing calculated risks. […]
India’s real estate market, buoyed by strong demand in FY24, is now bracing for potential dampeners. Rapid inventory depletion, particularly in the premium and luxury segments, helped these firms close FY24 with strong pre-sales or bookings, bolstering their confidence to implement price hikes. The average price of a housing unit […]
Prestige Estates and Projects Ltd’s management is very optimistic about the future. The realty firm is eyeing a 25-30% year-on-year growth in pre-sales or bookings in FY25. This target comes on a strong base of 63% jump seen in FY24 that had translated into record pre-sales of ₹21,040 crore. The […]
The country’s largest listed real estate developer DLF Ltd is on course to reap the benefits of a strong launch pipeline, unabated demand for premium projects and vast land reserves. However, elevated valuations may limit the gains for investors. DLF ended FY24 with healthy sales bookings of ₹14,780 crore, a […]
Brokerage house DART believes that Aurum PropTech (AURUM), is one such new-age technology company, that will emerge as an influential game changer in India’s solid proptech growth momentum. It has initiated coverage on the stock with a ‘BUY’ rating and DCF-based target price of ₹250, implying an over 68 percent […]