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Representative image NEW DELHI: Supreme Court Wednesday said no govt can withhold compensation for years after acquiring land and asked Karnataka govt to pay present market value for land it had acquired in 1986 without compensating the landowner. A bench of Justices Surya Kant and Ujjal Bhuyan accepted the arguments of senior advocate Anand Sanjay …

Supreme Court Orders Karnataka to Compensate Landowners After 33 Years, – Homevior Read More »

Representative image LONDON: Activity in Britain’s construction industry picked up in November but growth was lopsided, according to an industry survey that showed weaker residential house-building which is sensitive to high interest rates. The S&P Global/CIPS UK Purchasing Managers’ Index for the construction industry came in at 55.2 last month, up from October’s 54.3. Robust …

Construction industry in UK sees growth but residential sector decline steepens: Survey, – Homevior Read More »

Representative image BENGALURU: Mysore Urban Development Authority (Muda) allegedly allocated 1,095 sites worth Rs 700 crore in the market through benami transactions, the Directorate of Enforcement (ED) told Karnataka Lokayukta, citing its investigation. Lokayukta sources confirmed they’d received such an information from ED. Both agencies are probing the Muda alternative site allotment scam in which …

Muda Illegally Allocated 1,095 Sites Worth Rs 700 Crore, ED Exposes Scandal, – Homevior Read More »

Representative image HYDERABAD: Housing minister Ponguleti Srinivas Reddy said the state govt is contemplating developing housing projects between Outer Ring Road and Regional Ring Road in three corners of the city as part of providing affordable housing for middle class and lower middle class people. “The housing department will identify 100 acres of land each …

Hyderabad Plans Affordable Housing for Middle-Class Families, – Homevior Read More »

File photo Union minister Nitin Gadkari on Wednesday made a case for building smart villages on the line smart cities. Speaking at the 42nd Convocation of School of Planning and Architecture, the Union Minister for Road Transport and Highways said, “In urban areas we are making smart city… why we are not thinking on the …

Smart villages should be built on the line of smart cities: Nitin Gadkari, – Homevior Read More »

Representative image NAINITAL: In a crackdown on illegal construction and land encroachments, Kumaon commissioner and secretary, to the chief minister, Deepak Rawat, inspected Sunny Lake Project, a residential colony being developed by Shikhar Construction in Dob Lawshal in Nainital district on Tuesday, following complaints by residents that parklands were being unlawfully sold despite their designation …

Kumaon Commissioner Takes Strong Action Against Illegal Construction in Nainital, – Homevior Read More »

Representative image The delay in enacting the Karnataka Apartment Ownership Act has been causing a lot of problems for homebuyers. The proposed new Act is expected to benefit homebuyers who are facing problems in forming associations and getting the rights on common areas transferred from promoters to flat owners’ associations. Forming associations is the responsibility …

Buyers struggle as Karnataka apartment ownership act enactment gets delayed, – Homevior Read More »

Representative image GURUGRAM: Three men have been charged with cheating after they allegedly cheated property buyers of Rs 1 crore by posing as real estate company sales representatives. The fraudsters posed as agents of Orris Infrastructure and sold some plots on behalf of the company. This came to light after Puneet Sain, the company’s representative, …

Three Men Cheat Property Buyers of ₹1 Crore Posing as Orris Infrastructure Agents, – Homevior Read More »

Representative Image NEW DELHI: Iconic Property Developers, a wholly-owned subsidiary of Suraj Estate Developers (SEDL), has acquired through conveyance a vacant parcel of land admeasuring about 15,758 sq ft situated at Senapati Bapat Marg, Mahim (W), Mumbai for a consideration of Rs 101 crore. The entire consideration along with stamp duty and registration charges has …

Suraj Estate Developers’ subsidiary acquires 15,758 sq ft land in Mumbai for Rs 101 crore, – Homevior Read More »

Representative image OSLO: The Norwegian government will ease its loan-to-value restriction on mortgage lending, the finance ministry said on Wednesday, loosening a policy that had constrained borrowing and led to a decline in the construction of new homes. The revised rule set a maximum loan-to-value mortgage ratio of 90%, up from 85% previously, requiring borrowers …

Norway government eases loan-to-value mortgage limit to 90%, , – Homevior Read More »