Representative image The Bangalore Development Authority (BDA) has introduced a development fee for residential and commercial buildings that have already been constructed in the Shivarama Karanth Layout. Property owners are required to pay this fee before obtaining property records. The fee is based on the difference between the 2018 residential plot value set by the …
Representative image In the biggest commercial real estate lease transactions ever, global financial services major Morgan Stanley has concluded a deal for office space spread over 1.1 million sq ft in Mumbai’s Goregaon suburb entailing total rental payout of more than Rs 2,122 crore over nearly a decade. The company has leased the space spread …
Morgan Stanley leases 1.1 million sq ft office space in Mumbai’s Goregaon, – Homevior Read More »
Representative image Despite the Real Estate (Regulation and Development) Act (RERA) being in force in Karnataka for over seven and a half years, concerns about its ineffective implementation are growing louder by the day. Sources said that this situation is highlighting the ineffectiveness of K-RERA in Karnataka. Organisations striving for proper enforcement of RERA are …
Karnataka RERA faces criticism for poor enforcement in state, , – Homevior Read More »
Representative image NEW DELHI: The National Green Tribunal (NGT) has sought the responses of the Centre, the forest and environment department of the Uttar Pradesh government and others on a plea alleging environmental violations by a realtor in Noida. The green body was hearing a petition filed by the residents of Jaypee Wishtown in Gautam …
NGT seeks response on alleged environmental violations in Jaypee Wishtown, – Homevior Read More »
Representative image LONDON: Legal & General has sold its UK housebuilder CALA Group in a deal worth 1.35 billion pounds ($1.78 billion) to an acquisition vehicle led by U.S. private assets firm Sixth Street Partners, as the latter steps up its European investment drive. The British life insurer will receive cash proceeds of 1.16 billion …
Legal & General sells CALA Group for $1.8 billion, , – Homevior Read More »
Representative image The Indian office market is experiencing a notable shift, with domestic companies projected to lease 60-65 million square feet of office space between 2024 and 2025, marking a significant departure from the historical dominance of global corporations, particularly those from the United States, according to a report by CBRE, a property consulting firm. …
Representative image Rental values in key micro-markets of the top 7 cities have gone up to a significant 72% between 2021-end and H1 2024, while capital values saw lower growth, as more and more Indians migrate to urban centres and evaluate their options, according to Anarock. Cities like Bengaluru, Pune, Kolkata and Chennai, saw average …
Rental values in seven cities increases by 72% in three years: Report, – Homevior Read More »
Representative image PANAJI: The Goa Coastal Zone Management Authority (GCZMA) has ordered the demolition of multiple illegal constructions, including a swimming pool, eight structures, two sheds, and a compound wall, constructed illegally in the no-development zone of CRZ in Anjuna. The GCZMA noted that the ground taken by the violator is incorrect, as the structure …
GCZMA demolishes illegal constructions in no-development zone in Anjuna, – Homevior Read More »
Representative image NEW DELHI: Shares of newly listed Bajaj Housing Finance Ltd declined over 4.50 per cent on Wednesday after a two-day sharp rally. The stock fell 4.29 per cent to settle at Rs 173.69 on the BSE. During the day, it dropped 5.68 per cent to Rs 171.16. On the NSE, shares of the …
Bajaj Housing Finance shares declines 4.50% after two-day sharp rally, – Homevior Read More »
Representative image RAIPUR: Prime Minister Narendra Modi, on his birthday, transferred Rs 2,044 crore as the first instalment under the PM Awas Yojana directly into the bank accounts of over 5.11 lakh families in Chhattisgarh for the construction of pucca houses under the scheme. Chief minister Vishnu Deo Sai, along with his cabinet ministers, marked …
PM transfers Rs 2,044 crore to PMAY beneficiaries’ accounts in Chhattisgarh, – Homevior Read More »
