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China’s Longfor Group plans further debt reductions this year, – Homevior

HONG KONG: China’s Longfor Group , one of few private property developers to avoid default during the sector’s debt crisis, said on Friday it would further lower its short-term debt by making early repayments this year. Beijing-based Longfor has fared better than many industry peers during the crisis because of its focus on larger cities, …

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Challenges Faced by Residents in Raj Nagar Extension, , – Homevior

Representative image GHAZIABAD: Developed in the early 2000s, Raj Nagar Extension was sold to homebuyers as a rapidly transforming township that will have high-speed access to the capital via the Delhi-Meerut Expressway. Today, those living in the area aren’t worried about inter-city connectivity. It’s the basics that they demand. From no water supply to bumpy …

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Australia’s CBA cuts interest rates on some home loans for new borrowers, – Homevior

File photo Commonwealth Bank of Australia, the country’s biggest lender, cut interest rates for some of its home loan products for new customers on Friday, stoking fears of spurring intense competition in the local mortgage market. CBA shares, which fell as much as 0.5% earlier in the day, reversed losses and ended 0.3% higher. CBA …

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Properties in Pune availing tax rebates for rainwater harvesting up ten times in decade, – Homevior

Representative image PUNE: The count of property owners availing tax discounts for implementing rainwater harvesting has surged nearly ten times over the past decade. However, overall adoption of rainwater harvesting practices remains less. According to civic data, only 306 properties availed tax benefits (just for rainwater harvesting) in 2012-2013. The number rose to 3,716 in …

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SC orders YEIDA to address homebuyers’ concerns amidst Jaypee Infratech dispute, – Homevior

Coming down heavily on Yamuna Expressway Industrial Development Authority (YEIDA) for turning a blind eye towards homebuyers, the Supreme Court on Friday asked it to file an affidavit indicating the monetary and other concessions it gave to them and also inform what steps it had taken to protect their interests during the subsistence of the …

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Existing home sales in USA rise 1.3% in July 2024, – Homevior

Representative image U.S. existing home sales rose more than expected in July, reversing four consecutive monthly declines, as improving supply and declining mortgage rates offered hope that activity could rebound in the months ahead. Home sales rose 1.3% last month to a seasonally adjusted annual rate of 3.95 million units, the National Association of Realtors …

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Sebi bans Anil Ambani, 24 other entities for five years in fund diversion case, – Homevior

Representative image NEW DELHI: Markets regulator Sebi has barred industrialist Anil Ambani, 24 other entities, including former key officials of Reliance Home Finance from the securities market for five years for diversion of funds from the company. Sebi has imposed a penalty of Rs 25 crore on Ambani and restrained him from being associated with …

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Over 1,100 people registered in two DDA housing schemes on first day, – Homevior

Representative Image NEW DELHI: More than 1,100 people registered in two housing schemes of the Delhi Development Authority (DDA) on the first day of the registration on Thursday, officials said. They said 414 people registered through e-auction in the DDA Dwarka Housing Scheme 2024 in the first two days. The registration for this scheme was …

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PwC China may face six month business ban over Evergrande audit: Sources, – Homevior

File photo HONG KONG: Chinese regulators will likely impose a six-month business suspension on a big part of PricewaterhouseCoopers’ auditing unit in mainland China, as a penalty for its work on troubled property developer Evergrande, according to five sources with knowledge of the matter. PwC Zhong Tian LLP, the registered accounting entity and the main …

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