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HONG KONG: Embattled Chinese property developer Shimao Group said on Wednesday a Hong Kong court had adjourned until Aug. 12 a liquidation hearing against the company, allowing it more time to work with creditors on a revised restructuring proposal. Many Chinese property developers are facing liquidation lawsuits by creditors since the sector slipped into a …

Hong Kong court adjourns Shimao Group’s liquidation petition until August 12, – Homevior Read More »

CapitaLand India Trust Management Pte. Ltd., the Trustee-Manager of CLINT reported an 8% year-on-year (y-o-y) growth in distribution per unit (DPU) to 3.64 Singapore cents, and an 18% increase for the first half of 2024 over 2H FY 2023. Total property income and net property income for the period grew by 23% and 21% y-o-y …

CapitaLand India Trust Management reports 21% growth in net property income for H1 2024, – Homevior Read More »

BEIJING: China’s central city of Zhengzhou on Wednesday removed restrictions on ceiling and floor prices for new home sales, a notice by the city’s housing regulator said. The move could lead to further falls in house prices, putting pressure on homeowners and China’s weak property sector. “The housing regulator no longer guides the sales price …

China’s Zhengzhou city allows developers to sell new homes at reduced prices, – Homevior Read More »

MUMBAI: Mhada’s Mumbai board on Tuesday granted offer letters to 158 eligible applicants from the master list of old cessed buildings who had won through a computerised lottery held on Dec 28, 2023. State housing and OBC welfare minister Atul Save, who distributed the letters, announced the waiver of the NOC fee of Rs 70,500 …

Mhada gives offer letters to 158 residents of cessed buildings, waives NOC fee, – Homevior Read More »

GHAZIABAD: The circle rate in the city is likely to increase by 20% for residential and commercial properties next month. A proposal is being prepared by the stamp and registry department following a survey and will be placed before the district magistrate for approval. A higher circle rate means those buying houses will have to …

Ghaziabad Circle Rate to Increase by 20% in First Revision in 2 Years, – Homevior Read More »

Representative Image RANCHI: Jharkhand Chief Minister Hemant Soren on Tuesday announced that sand would be available for free for poor people whose incomes do not fall under the tax bracket. Speaking in the Jharkhand Assembly, Soren said that the issue of high prices of sand due to scarcity has come to the notice of the …

Sand will be made available for free for poor in state: Jharkhand CM, – Homevior Read More »

MUMBAI: MMRDA has sought eviction of illegal occupants of 1,336 tenements in two buildings in Kurla meant for transit accommodation for slumdwellers on airport land. The notices were issued to the resolution professional of HDIL, a developer from the city facing insolvency proceedings, to hand over the 1,336 residential units and 50 commercial units in …

MMRDA tells HDIL to hand over 1,400 flats in Kurla buildings, Rs 35 crore in rent arrears, – Homevior Read More »

Alternative investment platform WSB Real Estate Partners has raised over Rs 700 crore through its real estate debt fund to invest across mid-income and affordable housing projects within tier I cities and select tier II Indian cities. This is the first close of its recently launched fourth SEBI registered Category II Alternative Investment Fund (AIF) …

WSB Real Estate raises Rs 700 crore for mid-income, affordable housing investments, – Homevior Read More »