Income Tax Department raids 18 Jaipur and Kota locations on September 2, seizing Rs 2 crore unaccounted cash from High Fly and Gokul Kripa Groups amid black money allegations and tax evasion investigations.
India's real estate market sees surge in land transactions, driven by luxury living demand, with 58% increase in land deals since 2022, and growing traction in Tier 2 and 3 cities.
Experts warn that proposed VAT increase in Kerala's 2013 budget could lead to higher construction material costs, impacting overall property prices in the real estate sector.
The Indian government is introducing a regulatory bill to curb black money in real estate and foster transparency in the sector.
Vavasi Group and Chadha Group have bid to acquire Golden Forest India's land assets, potentially marking one of India's largest land transactions.