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Representative image MUMBAI: Rakesh Jhunjhunwala’s Rare Enterprises senior partner and chief executive Utpal Sheth purchased a sea-view luxury apartment in a super-premium residential tower in Mumbai’s plush Worli locality for more than Rs 123 crore. Sheth was considered the late billionaire investor Jhunjhunwala’s right hand man for almost two decades and is also a cofounder …

Rare Enterprises’ CEO buys apartment for Rs 123 crore in Mumbai’s Worli, – Homevior Read More »

Representative image GURUGRAM: The Haryana department of town and country planning (DTCP) on Friday said applications for approval for construction of stilt-plus-four floor (S+4) buildings can be submitted under its July 2 guidelines. The decision came after the department retracted an earlier statement submitted to the Punjab and Haryana high court, pausing the implementation of …

Govt Revokes Its Decision To Pause Implementation Of S+4 Floor Policy, – Homevior Read More »

Representative image Shares of major U.S. homebuilders rose in early trading on Thursday as the Federal Reserve’s rate-cut cycle is expected to ease pressure on mortgage rates, driving demand for new homes. D.R. Horton Lennar, PulteGroup and Toll Brothers rose roughly between 1% and 3%. Lennar is set to report its quarterly earnings later today. …

Builders’ stocks surge as Federal Reserve’s rate-cut expected, – Homevior Read More »

Representative image FRANKFURT: German residential property prices continued to fall in the second quarter, dropping by an average of 2.6% year-on-year, but they showed some signs of stabilisation, federal statistics office data showed on Friday. The annual declines have slowed over recent quarters, and prices rose 1.3% in the second quarter from the first three …

Home prices in Germany fall 2.6% in Q2 2024, , – Homevior Read More »

Representative image NEW DELHI: Indian REITs Association (IRA) on Wednesday launched ‘Data Benchmarking Institutions (DBIs) to provide investors detailed information on real estate investment trust. The association said this is a significant step towards empowering Indian Real Estate Investment Trusts (REITs) investors. “As a central repository of standardised and comparable data, DBIs will enhance transparency …

REIT Association launches DBIs to provide detailed information to investors, – Homevior Read More »

VIJAYAWADA: Andhra Pradesh high court on Wednesday declined to stay demolitions being carried out by Greater Visakhapatnam Municipal Corporation (GVMC) in coastal regulation zone (CRZ-1) area near Bheemunipatnam. The high court directed GVMC not to yield to political pressure or considerations and ensure all illegal constructions are removed from the ecologically sensitive area. The court …

Andhra Pradesh HC declines to stay demolitions going on in Visakhapatnam’s CRZ area, – Homevior Read More »

NEW DELHI: Godrej Capital, the financial services arm of the Godrej Group, is gearing up to enter the affordable housing loan segment, with plans to grow its assets under management (AUM) to Rs 17,000 crore by the end of 2024, its Managing Director Manish Shah said on Wednesday. Currently, the company manages an asset base …

Godrej Capital aims for assets under management of Rs 17,000 crore by December 2024, – Homevior Read More »

Representative image NEW DELHI: Private equity firm EQT has agreed to acquire a 100 per cent stake in Indostar Home Finance, a wholly-owned subsidiary of Indostar Capital Finance Limited, for Rs 1,750 crore (USD 210 million). The Sweden-based firm announced that the BPEA Mid-Market Growth Partnership (or the MMG fund) would acquire the mortgage firm …

EQT acquires 100% stake in Indostar Home Finance for Rs 1,750 crore, – Homevior Read More »