A GST demand on NBCC’s escrow fund for the Kidwai Nagar redevelopment project has sparked a conflict between the Urban Development and Finance Ministries. The DGGI issued the notice, arguing that lease receipts collected by NBCC are subject to GST.
Mumbai’s unsold luxury housing inventory rises 36% in Q1 2025 after two-year decline: ANAROCK
Mumbai’s luxury housing market has seen a sharp rise in unsold inventory, with a 36% year-on-year increase in apartments priced above ₹2.5 crore in Q1 2025