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NDMC issues 3,200 notices to property tax defaulters, , – Homevior

NEW DELHI: The New Delhi Municipal Council (NDMC) identified around 3,200 defaulters who did not pay property tax amounting to about Rs 200 crore in the last three years (post-Covid) and served them notices. This initiative is part of efforts to enhance property tax collection during the current financial year. NDMC aims to collect Rs …

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German authorities give permission to 2.15 lakh buildings in 2024, – Homevior

Representative image BERLIN: The number of residential building permits granted in Germany last year fell to its lowest level since 2010, demonstrating the deep crisis of a real estate market that is held back by red tape, high construction costs and interest rates. German authorities gave the green light for just 215,900 buildings, 43,700 or …

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Issue B-khata to properties in illegal layouts as one-time settlement: Karnataka CM, – Homevior

File Photo BENGALURU: Karnataka Chief Minister Siddaramaiah on Tuesday instructed officials to put an end to the illegal residential layouts in Karnataka by issuing B-Khata to properties as a one-time settlement. Siddaramaiah also directed them to complete the process within three months. In residential areas in Karnataka, people get A-Khata for the layouts approved by …

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Thailand’s central bank considers measures to support property sector, – Homevior

Thailand central bank BANGKOK: Thailand’s central bank is considering measures to support the property sector, an assistant governor said on Tuesday, after developers sought help amid weak demand and tight lending by banks. Property developers have asked the central bank to introduce polices, such as relaxing the loan-to-value rules that stipulate what percentage of a …

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Allahabad HC rejects petition to reopen sealed flat in Greater Noida, – Homevior

NOIDA: The Allahabad high court last week dismissed a homebuyer’s plea, seeking the reopening of a sealed flat at Mayfair Residency society in Greater Noida’s Techzone IV. Dismissing the plea, the two-judge bench of Justices Ashwani Kumar Mishra and Arun Kumar Singh Deshwal said that the petitioner’s rights over the property were “doubtful” and there …

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Greentown China to issue $150 million additional bonds to refinance debt, – Homevior

BENGALURU | HONG KONG: Greentown China said on Tuesday it will issue additional dollar bonds worth $150 million to help refinance its existing borrowings, after offering the first dollar bond sale in the sector in two years last week. The state-backed property developer last week said it sold $350 million worth of 8.45% senior notes …

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Embassy Services promotes Saarang Ganapathi as CEO, , – Homevior

File Photo NEW DELHI: Embassy Services (ESPL), a property management arm of Embassy Group, has promoted Saarang Ganapathi as its chief executive officer (CEO). With over 11 years of expertise in real estate management and seven years at ESPL, Saarang has previously held the position of chief operating officer (COO) in the company. “As we …

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