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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 …

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

Representative image Bruhat Bengaluru Mahanagara Palike (BBMP) authorities have a history of issuing fake khata certificates for revenue properties, with some officials being caught and suspended or dismissed. Now, BBMP revenue department officials have demonstrated that even a public road, existing for over 40 years, is not safe from being falsely converted into private property …

BBMP officials convert public path into private property with fake khata certificates, – Homevior Read More »

Representative image HYDERABAD: BRS working president KT Rama Rao demanded that the state govt to demolish all farmhouses situated within full tank levels and buffer zones of lakes, including those owned by Chief Minister Revanth Reddy. He said that he does not own a farmhouse at Janwada in Shankarpally mandal, where there were allegations it …

KTR demands Telangana government to demolish illegal farmhouses in lake buffer zones, – Homevior Read More »

Representative image KOLKATA: After recording five successive months of growth, home sale registrations in Kolkata in July slumped 18% than that June and 13% than that July last year. Realtors attributed the decline to the withdrawal of incentives by the state. This was the first month when the govt’s withdrawal of incentives — 2% stamp …

July Home Registration Sees 18% Drop After Government Incentives Withdrawn, – Homevior Read More »

Real estate developers are finding it tough to get the right contractor for construction to ensure quality and timely delivery as the number of launches has doubled to approximately 1.25 lakh housing units across top seven cities every quarter from 60,000 before the Covid-19 pandemic. Many developers are boosting in-house capabilities while some are getting …

Developers struggle to find quality contractors amid housing boom, – Homevior Read More »

File photo Chinese property developer Kaisa Group said on Thursday it expects to report a bigger net loss for the first half of the year, hurt by a decline in property deliveries and higher impairment provisions set aside for projects. China’s property sector, a key driver of the economy, has been in turmoil since 2021, …

China’s Kaisa Group forecasts bigger net loss in H1 2024, , – Homevior Read More »

File Photo Bollywood actor Manoj Bajpayee and his wife Shabana Raza Bajpayee have sold an under-construction premium residential apartment in Mumbai’s Mahalaxmi locality for Rs 9 crore. The apartment on the 47th floor of one of the wings of the upcoming tower on Boricha Marg is spread over 1,247 sq ft. The owner of the …

Manoj Bajpayee sells apartment in Mumbai’s Mahalaxmi for Rs 9 crore, – Homevior Read More »

Representative Image NOIDA: The Noida Authority is planning to reclaim 13 acres of a 24-acre area in Sector 144 that was allotted to the Unitech Group for residential projects in 2011, but no work was initiated on it in all these years. Officials said on Tuesday that this plot is not part of an ongoing …

No projects launched, Noida authority plans to reclaim 13 acres from Unitech, – Homevior Read More »

Representative image PUNE: Owners of around 2 lakh properties have not submitted PT3 forms (mandatory self-occupancy affidavits) for availing 40% tax discount despite repeated extension of the deadline for the same, a PMC official said. Only owners of 2.5 lakh of 4.5 lakh properties, liable for submission of the forms, have done so, the official …

Around two lakh property owners in Pune fail to claim 40% tax discount, – Homevior Read More »