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Representative Image NEW DELHI: Textile major Raymond Ltd on Thursday said it will demerge the real estate business to unlock the value for shareholders and harness growth potential in the Indian property market. In a regulatory filing, the company informed that its board has approved the scheme of arrangement of Raymond Ltd (demerged company) and …

Raymond to demerge real estate business, list it on exchanges, – Homevior Read More »

Representative Image Toronto area home sales rose in June after four straight months of decline, following Canada’s first interest-rate cut in more than four years, while prices rose marginally, data showed on Thursday. Seasonally adjusted sales rose by 4.2% in June from May, according to Toronto Regional Real Estate Board (TRREB) data. Average home prices …

Home sales in Toronto rise by 4.2% in June 2024, , – Homevior Read More »

Representative Image LOS ANGELES: The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May. The rate rose to 6.95% from 6.86% last week, mortgage buyer Freddie Mac said Wednesday. A year ago, the rate averaged 6.81%. The uptick follows a …

Average mortgage rate in USA rise to 6.95% in July 2024, – Homevior Read More »

Representative Image NEW DELHI: Indian real estate market remained buoyant in January-June this year, with housing sales hitting an 11-year high at 1.73 lakh units and office demand at a record 34.7 million square feet across eight major cities, according to Knight Frank. On an annual basis, housing sales rose 11 per cent to 1,73,241 …

Housing sales rise by 11% in first half of 2024: Knight Frank, – Homevior Read More »

Representative Image GURUGRAM: The state govt has announced infrastructure upgrade in all sectors and colonies, and allowed release of Rs 1,179 crore under infrastructure augmentation charges (IAC), which was earlier collected by DTCP, HSVP, HSIIDC and ULB department against approval of stilt-plus-four floor plans. Residents, who have been opposing four-floor buildings, claimed their biggest concern …

Rs 1.2k cr for Infra Upgrade, Owners of Illegal 4-Floor Buildings to Face 10x Penalties, – Homevior Read More »

Representative Image NOIDA: After the Supreme Court’s order, Noida Authority has approved layouts of all Unitech projects in the city. The court had originally directed Noida Authority to grant approvals for revised layout plans on the entire land allotted to Unitech without insisting on recovery of its dues, which amount to nearly Rs 11,000 crore. …

Noida Authority Approves Revised Layouts for All Unitech Projects, – Homevior Read More »

Representative Image MUMBAI: The National Company Law Tribunal (NCLT) has dismissed the applications of a housing society seeking to exclude its land from the Corporate Insolvency Resolution Process (CIRP) of realty developer Housing Development and Infrastructure Ltd. (HDIL). Tagore Park CHSL, the housing society in Mumbai’s Malad suburb, had sought various reliefs, including the exclusion …

NCLT rejects housing society’s plea to exclude land from HDIL’s insolvency process, – Homevior Read More »