Tag: property transactions

IndustryLatest Stories

Budget 2026: REITs, Land Relief, and City Growth Boost Real Estate

File photo NEW DELHI: Finance Minister Nirmala Sitharaman presented the Union Budget 2026–27 on February 1, unveiling a series of initiatives designed to enhance capital recycling, simplify tax compliance, and accelerate urban infrastructure development, benefiting the real estate and construction sectors substantially. A major highlight was the government’s plan to fast-track the monetization of central public sector enterprise (CPSE) real estate assets through specialized Real Estate Investment Trusts (REITs). Sitharaman noted that REITs have proven to be an effective tool for asset monetization, which would aid in recycling mature public assets, while also generating consistent revenue and unlocking funds for…

IndustryLatest Stories

GIS Maps Coming Soon for Property Sale Deeds

PUNE: GIS maps for properties will soon be essential for the registration process throughout India. Senior officials from the central land records department informed TOI that these maps will replace the long-standing method of defining plot boundaries using cardinal directions and nearby landmarks. The Centre is currently collaborating with all state governments, including Maharashtra, to implement the Geographic Information System (GIS)-based property registration in the near future. The primary aim of this new system is to ensure that every property transaction is digitally linked to a specifically mapped land parcel. Currently, title deeds generally describe boundaries using directions like east…