Housing sales drop 9 pc across 9 major cities to 4.71 lakh units in 2024
Wed, Jan 22, 2025 4:51 PM

Housing sales drop 9 pc across 9 major cities to 4.71 lakh units in 2024

A Flip by Swapnil Tiwari
Get it on Google Play
Housing sales in nine major Indian cities dropped 9% to 4.71 lakh units in 2024 due to lower demand and a 15% fall in fresh supply, according to PropEquity's data analytics. The decline was attributed to a high base effect from 2023, which was a peak year. Housing sales in Delhi-NCR bucked the trend, rising 5%.

More great flips

Comprehensive review required for recognition of intangible assets

Comprehensive review required for recognition of intangible assets

The Confederation of Indian Industry (CII) has called for a review of accounting standards for intangible assets, citing their critical role in value creation in India's digital economy, and recommending changes to recognize internally generated assets, such as brand development and proprietary algorithms, and to allow capitalization of development costs with long-term economic benefits.

Open Flip
Budget 2025 wishlist: Parity between debt and equity taxation | Mint

Budget 2025 wishlist: Parity between debt and equity taxation | Mint

There was a hue and cry after the Union Budget 2024-25 as the Centre increased the long-term capital gains (LTCG) tax on equity from 10% to 12.5%. However, since April 2023, the benefit of indexation has been taken away from debt-oriented mutual funds (MFs), and it is taxable at marginal slab rate (MSR). For most investors, the MSR is 30%. 

Open Flip
Essar Group's Prashant Ruia sees lower battery prices boosting green plans

Essar Group's Prashant Ruia sees lower battery prices boosting green plans

India’s Essar Group is planning to build eight gigawatts of round-the-clock clean power capacity, helped by falling battery prices that should allow faster adoption of energy storage technologies in the country. It will be the coal and gas firm’s first foray into renewables, and will see solar, wind and battery storage built out over five years, according to Prashant Ruia.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon