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HYDRAA urges Hyderabad civic body to freeze property assessments on lake FTLs, – Homevior

Representative image HYDERABAD: In a move aimed at thwarting attempts to encroach water bodies, the Hyderabad Disaster Response and Assets Monitoring and Protection Agency (HYDRAA) has requested the Greater Hyderabad Municipal Corporation (GHMC) to stop issuing property assessment numbers for any construction on Full Tank Level (FTL) and buffer areas of lakes. “Encroachers are constructing …

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Vastu Housing Finance looking to raise up to $50 million from US IDFC, – Homevior

Representative image MUMBAI: Mortgage lender Vastu Housing Finance on Friday said it plans to borrow up to USD 50 million in a 20-year loan from the US International Development Finance Corporation. An agreement for external commercial borrowing was signed between the two entities, as per an official statement. Money raised from the route will be …

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Is it more auspicious for Lord Ganesh’s trunk to be on the right or left?- Homevior

If there is one thing common to all Indian festivals then it is enthusiasm and rituals. But, one thing that is common to all Ganesh Chaturthi days is Love. People love Ganpati Bappa, love having him in their homes, and enthusiastically sing and dance while welcoming him. The day is filled with prayers, ritual, mantra …

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After A 10-yr Pause, Work On Unitech Projects To Resume Under New Board, – Homevior

Representative image NOIDA: After a delay of more than 10 years, work on Unitech’s housing projects in the city is set to resume. The move follows Noida Authority’s approval of Unitech’s revised layout in June this year, in keeping with a Supreme Court order. The govt-appointed board of the company said on Thursday that a …

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Government directs House of Abhinandan Lodha to withdraw ‘Conquer Goa’ ad, – Homevior

PANAJI: State govt on Thursday directed the House of Abhinandan Lodha to withdraw the controversial advertisement captioned ‘Delhi, Rulers of India, Now Conquer Goa’ with immediate effect. The home department warned of action in case the developer fails to withdraw the advertisement. “I am directed to inform you that it has been brought to the …

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China set to cut interest rates on $5 trillion of mortgages in September 2024, – Homevior

Representative image China is poised to cut interest rates on more than $5 trillion of outstanding mortgages as early as this month, according to people familiar with the matter, as it accelerates a move to reduce the borrowing costs for millions of families to spur consumption. Some banks are making final preparations to get ready …

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Birla Estates buys 24.5 acre land in Mumbai for Rs 537.42 crore, – Homevior

Representative image NEW DELHI: Birla Estates, the real estate venture of the Aditya Birla Group, has bought around 24.5 acre land in Mumbai Metropolitan Region (MMR) for Rs 537.42 crore, according to real estate consultant Square Yards. The plot is located at Kalwa, along the Thane-Belapur Road. “The registration document, reviewed by Square Yards, indicates …

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Irfan Razack, chairman, – Homevior

Representative image BENGALURU: Real estate developer Prestige Estates Projects plans to use the Rs 5,000 crore it raised through qualified institutional placement (QIP) to primarily reduce debt and acquire assets to expand its portfolios nationwide. “We plan to allocate approximately Rs 1,500 crore towards debt reduction (and) Rs 1,750 crore for land acquisition,” Irfan Razack, …

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Sumadhura Group lease out 1.8 lakh sq ft space to Nippon Express in Bengaluru, – Homevior

Representaative image NEW DELHI: Sumadhura Group has leased out 1.8 lakh sq ft of warehousing space to NX Logistics India (Nippon Express) at Sumadhura Logistics Park, Bengaluru. The company has entered into a nine years lease agreement for offering a ready-to-move-in warehousing space. Madhusudhan G, chairman and managing director of the company said, “The increasing …

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hBits launches Rs 28.8 crore asset in Vaswani Centropolis, Bengaluru, – Homevior

Representative image NEW DELHI: hBits has launched its second commercial grade A asset in Vaswani Centropolis, Bengaluru worth Rs 28.8 crore. The asset spans across a leasable area of 12,776 sq ft and has been leased for a period of six years. The rental inflow and purchase price of the asset offers an entry yield …

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