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Telangana RERA directs Aliens Developers to complete Tellapur project and compensate buyer, – Homevior

Representative image HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) has directed Aliens Developers to complete ‘Aliens Space Station’ project in Tellapur and hand over flat to the complainant, Ganapathi P Gorekar, without further delay. The authority also ordered the developers to pay interest at 10.95% per annum for the delay in possession from Dec …

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Homebuyers Seek Justice from KHRC After Builder’s Two-Year Delay in Compensation, – Homevior

Representaative image State human rights commission directs DC to take suitable action, asks for report by Jan 10; penalty from builder yet to be collected post 2 years since order With the revenue department allegedly remaining apathetic towards collecting the penalty imposed on a builder by Real Estate Regulatory Authority (RERA), hapless homebuyers have approached …

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GIFT City invites bids from global companies to build 7.54 lakh sq ft commercial tower, – Homevior

Representative image MUMBAI: The Gujarat International Finance Tec-City Company Ltd (GIFTCL), the Gujarat government’s special purpose vehicle responsible for the development of the GIFT City, has invited global bids to develop a commercial tower spread over 754,000 sq ft in the processing area of the special economic zone. Bidders can be a domestic or international …

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Property investment in China falls 10.4% year-on-year in Jan-Nov 2024, – Homevior

Representative image BEIJING: Property investment in China fell 10.4% in the first eleven months of 2024 from a year earlier, after dropping 10.3% in January-October, National Bureau of Statistics (NBS) data showed on Monday. Property sales by floor area in January-November fell 14.3% from a year earlier, versus a 15.8% drop in January-October. New construction …

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Proposal to modernise 100 property sub-registrar offices to get approval soon, – Homevior

Representative image PUNE: The state registration department’s proposal to modernise 100 sub-registrar offices is expected to be cleared by the new revenue minister, senior officials from the property registration department told TOI on Saturday. The proposal was put forth after multiple complaints from citizens about cramped spaces and inadequate facilities at property registration offices. The …

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US-based interfaith couple cancel Aligarh wedding reception after right-wing groups protest- Homevior

AGRA: A US-based interfaith couple from Aligarh had to cancel their wedding reception in their home town after protests by right-wing outfits, who claimed the event could disrupt communal harmony. Scheduled for Dec 21 at a marriage hall on G T Road, the reception was called off after members of Bajrang Dal, Karni Sena, and …

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Asking prices for property in UK falls by 1.7% in December 2024: Rightmove, – Homevior

Representative image LONDON: Average asking prices for newly listed houses and apartments in Britain fell by 1.7% in December, but activity was robust for the time of year as movers aimed to complete sales before property purchase taxes rise in April, property website Rightmove said on Monday. Rightmove’s data is not seasonally adjusted and the …

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Maharashtra RERA issues notices to 11,000 lapsed housing projects, – Homevior

Representative image The Maharashtra Real Estate Regulatory Authority (MahaRERA), taking serious cognizance of irregularities, has initiated the scrutiny of all lapsed housing projects in the state and issued notices to around 11,000 such projects, including over 5,230 in the Mumbai Metropolitan Region (MMR) alone. The regulator has issued these show cause notices to lapsed projects …

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Homebuyers of Gaursons Sportswood move Allahabad HC over delayed flat registrations, – Homevior

Representative image NOIDA: A group of 44 homebuyers from Gaursons Sportswood — a residential project in Sector 79 — has filed a writ petition in the Allahabad high court, seeking registration of their flats that were handed to them five years ago. Unlike other housing projects — where registries are mostly marred by mounting dues …

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One-Year Advance Maintenance Fees for Flat Buyers, – Homevior

Representative image The Bangalore Development Authority (BDA) has introduced a new policy requiring flat buyers to pay a one-year maintenance fee upfront, in addition to the cost of the flat. BDA has developed residential complexes across the city, but many flats remain unoccupied for months after purchase. Some owners fail to pay maintenance fees on …

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