Prithvi Estates N Property Consultants

06/04/2026

Available 2bhk flat for Sale near Jain Temple
Location : Matunga
Price : 4.5 cr
Contact : 9819676334 Ketan Gosar

25/01/2025

BLACKSTONE The world’s largest alternative asset manager, is planning to invest up to $11 billion to develop and assets, including , in ’s key cities over the next three-five years.

About $5 billion of this total will go into 3.0, the state ’s ambitious plan to develop a third city to expand the capacity of financial capital Mumbai and satellite city Navi Mumbai.

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Ketan Gosar
Prithvi Estates & Property Consultants

14/02/2024

12/02/2024

In a time when more and more residential properties are being redeveloped, there is uncertainty for both developers and homeowners on whether or not these projects will be subject to long-term capital gain (LTCG) tax.
Experts advised societies to make sure the builder’s contract includes a provision requiring the project to be finished in three years. The income tax authority may demand long-term capital gain tax for any duration beyond three years.
However, some experts believe that taxpayers cannot be held accountable if the developer delays.
Many societies are opting for redevelopment, but members are uncertain about the LTCG impact, according to Sandeep Trivedi, a member of the Housing Apartment Redevelopment Federation.
While some experts claim that LTCG is not relevant to redevelopment projects, others assert that the project must be finished in three years.
Furthermore, we insist that the state government exclude redevelopment from stamp duty, he stated.
According to tax expert Mukesh Patel, “if a house property is bought within three years from the sale of the old house, there is an exemption in LTCG and same can be applicable for redevelopment as well,” Section 54 of the Income Tax Act states.
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KETAN GOSAR
9819676334