India real estate: Several high net-worth individuals bought and sold luxury homes in 2023, ranging from as low as Rs 20 crore to over Rs 1,200 crore in three major real estate markets of Mumbai, Delhi-NCR and Bengaluru.
Mumbai Luxury Apartments: Large-size sea-facing apartments are a rarity in space-constrained Mumbai. This, along with high demand from industrialists, Bollywood stars, and high-salaried employees is causing the rush for such uber luxury real estate in India’s financial capital.
Lodha sells two luxury apartments in Mumbai for Rs 109 crore moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Just before amendments to Sections 54 and 54F of the Income Tax Act, 1961, kicked in on April 1, Mumbai witnessed a rush to register high-end properties in February and March. Budget 2023 has set a Rs 10-crore cap on reinvestment of capital gains from the sale of long-term assets, including property