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CHENNAI: Unlocking land potential through increased floor space index (FSI) and affordable processed land are essential to tackling Chennai’s housing and office space shortage, according to Anshul Mishra, member secretary of the Chennai Metropolitan Development Authority (CMDA). Speaking at Infra Next 2024 organized by CII Chennai Zone on Wednesday, Mishra emphasized that resolving key urban …

CMDA working on third master plan of Chennai, , – Homevior Read More »

Representative image NEW DELHI: Upscale residential colony Sunder Nagar in the national capital has witnessed a big-ticket deal with an around 900 square yard bungalow getting sold for nearly Rs 100 crore. According to market sources, a bungalow at Sunder Nagar, owned by Sunil and Ravi Sachdev, has been sold for around Rs 96 crore. …

900 sq yard-bungalow in Sunder Nagar sells for nearly Rs 100 crore, – Homevior Read More »

Representative image NOIDA: The stamps and registration department has submitted to the district magistrate a proposal to revise circle rates, which have remained the same for the past five years. The proposal aims at increasing the circle rate by 25-30% in residential areas, 10% in industrial, commercial and IT sectors, and 15% in case of …

Noida Prepares for Up to 30% Increase in Residential Circle Rates, – Homevior Read More »

File photo LUCKNOW: The mutation charges in state capital have been revised by the Lucknow Municipal Corporation (LMC) in the executive meeting held on Tuesday. The maximum mutation fee was fixed at Rs 15,000 that was currently 1% of the property’s value. For instance, for a property worth Rs 1 crore one has to pay …

A New Burden for Property Owners, – Homevior Read More »

Representative image CHANDIGARH: Directorate of Enforcement (ED), Gurugram, on Tuesday claimed to have provisionally attached properties of M/s Krrish Realtech Pvt. Ltd., Amit Katyal, and others worth Rs 56.86 Crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. This action was taken in connection with the siphoning and illegal diversion of …

ED attaches property worth Rs 56.86 crore of Krrish Realtech under PMLA, – Homevior Read More »

The properties were identified during the ongoing property assessment survey carried out by the civic body. A senior PCMC official said that the owners of 4,261 properties have paid their pending dues after they were served notices, and their properties are now registered with the civic body’s tax department. Source Homevior.in

Representative image Pub owner Hotel Property is asking shareholders to reject the takeover bid from a consortium led by top investor Charter Hall, saying that the offer undervalues the firm and its prospects while questioning its timing. The Australian firm said on Tuesday that the new offer from a group comprising Charter Hall’s retail unit …

Hotel Property urges shareholders to reject Charter Hall consortium takeover bid, – Homevior Read More »

File photo LUCKNOW: Lucknow Municipal Corporation (LMC) is planning to introduce a new mutation charge structure, suggesting a maximum fee of Rs 15,000. This proposal will be reviewed in an executive committee meeting on Tuesday, but it may face pushbacks. Currently, mutation fees are 1% of a property’s value. For instance, a property worth Rs …

Lucknow Municipal Corporation Proposes Revised Mutation Charges of Up to Rs 15,000, – Homevior Read More »

Representative image BENGALURU | MUMBAI: Dalmia Nisus Finance Investment Managers LLP (Dalmia Nisus), an alternative asset manager of Nisus Finance Group, has successfully exited its investment through their Real Estate Credit Opportunities Fund – I (RECOF-I). The Fund invested Rs 40 crore in Shriram Properties’ Chirping Ridge, a planned development project along with Jain Heights …

Nisus Finance exits investment in Shriram Properties’ Chirping Ridge, achieving 19% IRR, – Homevior Read More »