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HONG KONG: Some Hong Kong developers are now turning to housing rental and the leasing market to weather a prolonged downturn in its property market and to serve surging rental demand from mainland Chinese professionals and students. The shift in developers’ strategy is a rare move in a city that boasts some of the world’s …

Betting on Chinese demand, Hong Kong developers turn to rental market, – Homevior Read More »

Representative image The Chapter, a luxury holiday home developer backed by Nadir Godrej, Anand Piramal and Dabur India’s Burman family, is planning to invest over Rs 850 crore to develop luxury villas across key leisure destinations in India, said top company executives. The company, part of the Isprava Group, has acquired over 100 acres in …

The Chapter to invest Rs 850 crore in luxury villas across leisure destinations, – Homevior Read More »

MUMBAI: The Maharashtra government will consider the real estate industry’s demand to provide concession in stamp duty for registration of properties. Addressing an event organised by Naredco-Maharashtra, Atul Save, Minister of Housing, Government of Maharashtra, said it would consider the real estate developers’ demand of granting further concessions in registration and stamp duty. “Naredco Maharashtra, …

Maharashtra government to consider stamp duty concession on property registration, – Homevior Read More »

Representative image Suraksha Group, which has acquired Jaypee Infratech Ltd (JIL) through insolvency process, has identified 2,552 acre of land parcels for lenders of the bankrupt realty firm in accordance with the resolution plan. On June 4, Suraksha Group took control of JIL following the National Company Law Appellate Tribunal’s (NCLAT) decision on May 24, …

Suraksha Group earmarks 2,552 acre of land for Jaypee Infratech lenders in Delhi-NCR, – Homevior Read More »

Representative image HUBBALLI: The Hubballi-Dharwad Urban Development Authority (Huda) is gearing up to act against the rising problem of illegal layouts in the twin cities. Huda is considering a comprehensive survey to verify the legitimacy of existing layouts. To aid the public in identifying legal plots, the authority plans to appoint a nodal officer at …

Huda to crack down on illegal layouts in Hubballi-Dharwad, , – Homevior Read More »

File photo NEW DELHI: Residents from Sector B, Pocket 1, Vasant Kunj, marched in protest on Wednesday evening against the upcoming housing project in the middle of the pocket. We filed a writ petition last month on the issue and the first hearing took place on Aug 16. The court asked the departments concerned to …

VK residents protest against new housing complex in Sector B, – Homevior Read More »

File photo The Bruhat Bengaluru Mahanagara Palike has released a list of the top 100 property tax defaulters, highlighting major institutions, including hotels, malls, educational institutions, and builders, with outstanding taxes amounting to crores. Notable defaulters on the list include Bengaluru Metropolitan Transport Corporation, Karnataka State Road Transport Corporation, Bengaluru Metropolitan Rail Corporation Limited, the …

Bengaluru civic body releases list of top 100 property tax defaulters, – Homevior Read More »

File photo MUMBAI: Godrej Enterprises Group (GEG) is looking to infuse about Rs 4,000 crore into its businesses as it aims to streamline 14 verticals besides unlocking value, especially in its vast real estate holdings, said executive director Nyrika Holkar in her first interview since the Godrej group realignment in April. “We are now focused …

Godrej Enterprises exploring ways to make its landholdings in Mumbai value accretive, – Homevior Read More »