The S&P BSE Real Estate index gained more than 8% in a week, and the gauge hit an over 15-year high of 6820.59 points. Godrej Properties, The Phoenix Mills, Prestige Estates Projects, and Sobha gained 11-30% so far this week. While, Mahindra Lifespace Developers, Oberoi Realty, and Macrotech Developers added 6-8% this week.
The Phoenix Mills: While MCRPL received notice of Rs 97.63 lakh (including interest and penalty), PHLL received notice of Rs 6.15 crore. The notices have been served over the GST liability on account of claiming of Block ITC as per section 17(5) of MGST Act.