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REIT Association launches DBIs to provide detailed information to investors, – Homevior

Representative image NEW DELHI: Indian REITs Association (IRA) on Wednesday launched ‘Data Benchmarking Institutions (DBIs) to provide investors detailed information on real estate investment trust. The association said this is a significant step towards empowering Indian Real Estate Investment Trusts (REITs) investors. “As a central repository of standardised and comparable data, DBIs will enhance transparency …

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Andhra Pradesh HC declines to stay demolitions going on in Visakhapatnam’s CRZ area, – Homevior

VIJAYAWADA: Andhra Pradesh high court on Wednesday declined to stay demolitions being carried out by Greater Visakhapatnam Municipal Corporation (GVMC) in coastal regulation zone (CRZ-1) area near Bheemunipatnam. The high court directed GVMC not to yield to political pressure or considerations and ensure all illegal constructions are removed from the ecologically sensitive area. The court …

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Godrej Capital aims for assets under management of Rs 17,000 crore by December 2024, – Homevior

NEW DELHI: Godrej Capital, the financial services arm of the Godrej Group, is gearing up to enter the affordable housing loan segment, with plans to grow its assets under management (AUM) to Rs 17,000 crore by the end of 2024, its Managing Director Manish Shah said on Wednesday. Currently, the company manages an asset base …

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EQT acquires 100% stake in Indostar Home Finance for Rs 1,750 crore, – Homevior

Representative image NEW DELHI: Private equity firm EQT has agreed to acquire a 100 per cent stake in Indostar Home Finance, a wholly-owned subsidiary of Indostar Capital Finance Limited, for Rs 1,750 crore (USD 210 million). The Sweden-based firm announced that the BPEA Mid-Market Growth Partnership (or the MMG fund) would acquire the mortgage firm …

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Social Media Users Lack Control Over Data Used by AI, US FTC Says- Homevior

Social media companies collect, share and process vast troves of information about their users while offering little transparency or control, including over how it is used by systems incorporating artificial intelligence, the US Federal Trade Commission said in a report released on Thursday. The report analyzed how Meta Platforms, ByteDance’s TikTok, Amazon’s gaming platform Twitch, …

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Mmrcl To Get Rs 188.3cr, Rs 165cr For Pune Metro Rail, – Homevior

Representative image MUMBAI: Days before the commissioning of Phase I of Metro Line 3, the state govt announced the disbursement of funds collected as an additional 1% stamp duty on the sale, donation, and mortgage of immovable property within municipal corporation areas to fund urban transport projects. MMRCL will be provided Rs 188.3 crore, while …

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Home construction approvals in UK hit lowest in June, – Homevior

Representative image LONDON: The number of planning approvals for the construction of homes in England has fallen to its lowest in more than a decade, according to an industry report on Thursday that underscored the challenge facing the new government to boost house-building. Data from the Home Builders Federation, the industry’s main trade body, showed …

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7 states where women consume max amount of alcohol- Homevior

India is the third-largest market in the world for alcoholic beverages—after China and Russia—and its consumption is growing at a faster rate than ever before. However, alcohol has always been at the center of debates, influenced by cultural, religious, and regional factors. In certain parts of India, alcohol consumption is a lifestyle practiced by the …

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