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Representative image CHANDIGARH: Collector rates are set to increase in most property categories, particularly agricultural and residential segments. A UT official said the rates are likely to be revised by 8 to 10%. A meeting of the committee constituted for the revision of collector rates of UT was held on Tuesday under the chairmanship of …

Chandigarh may increase collector rates in residential properties, – Homevior Read More »

representative image WASHINGTON: US homebuilder sentiment tumbled to a five-month low in February amid worries that tariffs on imports would combine with higher mortgage rates to further drive up housing costs. The National Association of Home Builders/Wells Fargo Housing Market Index plunged five points to 42 this month, the lowest reading since September. That erased …

Sentiments of homebuilders in US drops in February due to tariffs on imports, – Homevior Read More »

NOIDA: Noida Authority has filed a complaint with the Delhi Police’s Economic Offences Wing against yet developer of another stalled group housing project for financial irregularities and diversion of funds. GSS Procon was allotted a 10,306 sqm plot in Sector 143A in 2010 for a group housing project Victory Crossroads and promised to deliver 288 …

Noida authority goes to EOW against GSS Procon over Rs 91 crore dues, – Homevior Read More »

Representative Image GURUGRAM: Owners of 600 properties in DLF-3 have till the first week of March to restore the buildings to their original structures, failing which action will be taken, the department of town and country planning (DTCP) has said in notices issued to them. Action could include revoking occupancy certificates and registry, sealing property …

600 buildings in DLF 3 with extensions have two weeks for ‘correction’, – Homevior Read More »

NEW DELHI Industry bodies FICCI and Assocham have demanded that real estate developers should be allowed to claim Input Tax Credit (ITC) under the Central Goods and Services Act (CGST) on commercial assets constructed for leasing purposes. The associations have written letters to the finance ministry and have urged the latter to permit availing of …

FICCI, Assocham seek input tax credit under CGST on commercial properties meant for leasing purposes, – Homevior Read More »

Representative Image LUCKNOW: In a good news for people looking forward to buy residential plots, the Lucknow Development Authority (LDA) is set to open registrations for Mohan Road Yojana during the auspicious period of Navratri in early April. The scheme’s first phase will offer 2,000 plots in Sector 6 and Block 3 through a lottery …

Lucknow development body to launch plot registration for Mohan Road Scheme in April, – Homevior Read More »

NEW DELHI: The New Delhi Municipal Council (NDMC) identified around 3,200 defaulters who did not pay property tax amounting to about Rs 200 crore in the last three years (post-Covid) and served them notices. This initiative is part of efforts to enhance property tax collection during the current financial year. NDMC aims to collect Rs …

NDMC issues 3,200 notices to property tax defaulters, , – Homevior Read More »

Representative Image MOHALI: Deputy commissioner Aashika Jain has urged residents to get plots in illegal colonies registered without NoCs before Feb 28, which is the last date fixed by the Punjab govt. She said that as the deadline fixed by the Punjab govt to give relief to plot holders (up to 500 square yards) for …

Mohali DC to residents, – Homevior Read More »

Representative image BERLIN: The number of residential building permits granted in Germany last year fell to its lowest level since 2010, demonstrating the deep crisis of a real estate market that is held back by red tape, high construction costs and interest rates. German authorities gave the green light for just 215,900 buildings, 43,700 or …

German authorities give permission to 2.15 lakh buildings in 2024, – Homevior Read More »