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Ghaziabad Municipal Corporation Struggles to Collect Rs 19 Crore in Property Tax, – Homevior

Representative Image GHAZIABAD: The Ghaziabad Municipal Corporation (GMC) has resumed its campaign to recover property tax from defaulters in a bid to boost its revenue. According to the corporation, it had 2,900 property tax defaulters across its five zones in the 2023-24 fiscal, which ended on March 31 this year. Since then, GMC has recovered …

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FIR filed against realtor for selling 10% smaller flats to buyers, – Homevior

Representative Image NOIDA: The economic offences wing of Delhi Police has registered an FIR against the owners and senior management of Prateek Group after a group of 20 homebuyers accused the Noida-based realtor of cheating them. The FIR – which followed a complaint by the 20 buyers of Prateek Edifice in Sector 107 – named …

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Amitabh Bachchan buys more office properties in Mumbai’s Andheri suburb, – Homevior

Bollywood actor Amitabh Bachchan has purchased three more office properties spread across three floors in a commercial project in Oshiwara locality of Mumbai’s western suburb Andheri for nearly Rs 60 crore. The actor already owns four offices totalling over 12,000 sq ft built up and 10,800 sq ft carpet area in the same commercial tower. …

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MahaRERA keeps registration of 1,750 lapsed housing projects in abeyance, – Homevior

Representative Image The Maharashtra Real Estate Regulatory Authority (MahaRERA) has kept the registration of 1,750 lapsed housing projects across the state in abeyance and has initiated measures to take similar action on additional 1,137 projects. Of these 1,750 projects, the Mumbai Metropolitan Region has the highest number of 761 projects kept in abeyance. The Pune …

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Karnataka government urges Centre to create GIFT City, fast-track approvals, – Homevior

Representative Image BENGALURU: The Karnataka government on Friday made a strong pitch for establishing a dedicated Central Business District — modelled on the lines of Gujarat’s GIFT City on the Sabarmati banks in Ahmedabad — in the state, besides seeking faster clearance for multiple projects across sectors. Ahead of the Union Budget presentation by the …

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Ummeed Housing Finance raises Rs 630 crore equity, Real Estate News, – Homevior

Representative Image Morgan Stanley and Norwest Capital-backed Ummeed Housing Finance has raised ₹630 crore in a Series F round from investors including A91 Partners LLP, Mirae Asset Venture Investments (India), Anicut Capital and existing investors Norwest Venture Partners. The fundraising is in a combination of primary capital of ₹300 crore and an exit for Lightrock …

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CREDAI wants UP-RERA to reconsider order which made OC a must for possession letter, – Homevior

NOIDA: A major real estate developers’ association and a homebuyer’s body here on Monday said the UP RERA needs to reconsider its directive that made occupancy certificate (OC) a must for builders before offering possession letter. This decision, both said, was not in favour of homebuyers in projects that have been stuck for long in …

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