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Representative image NOIDA: After a delay of more than 10 years, work on Unitech’s housing projects in the city is set to resume. The move follows Noida Authority’s approval of Unitech’s revised layout in June this year, in keeping with a Supreme Court order. The govt-appointed board of the company said on Thursday that a …

After A 10-yr Pause, Work On Unitech Projects To Resume Under New Board, – Homevior Read More »

PANAJI: State govt on Thursday directed the House of Abhinandan Lodha to withdraw the controversial advertisement captioned ‘Delhi, Rulers of India, Now Conquer Goa’ with immediate effect. The home department warned of action in case the developer fails to withdraw the advertisement. “I am directed to inform you that it has been brought to the …

Government directs House of Abhinandan Lodha to withdraw ‘Conquer Goa’ ad, – Homevior Read More »

Representative image China is poised to cut interest rates on more than $5 trillion of outstanding mortgages as early as this month, according to people familiar with the matter, as it accelerates a move to reduce the borrowing costs for millions of families to spur consumption. Some banks are making final preparations to get ready …

China set to cut interest rates on $5 trillion of mortgages in September 2024, – Homevior Read More »

Representative image NEW DELHI: Birla Estates, the real estate venture of the Aditya Birla Group, has bought around 24.5 acre land in Mumbai Metropolitan Region (MMR) for Rs 537.42 crore, according to real estate consultant Square Yards. The plot is located at Kalwa, along the Thane-Belapur Road. “The registration document, reviewed by Square Yards, indicates …

Birla Estates buys 24.5 acre land in Mumbai for Rs 537.42 crore, – Homevior Read More »

Representative image BENGALURU: Real estate developer Prestige Estates Projects plans to use the Rs 5,000 crore it raised through qualified institutional placement (QIP) to primarily reduce debt and acquire assets to expand its portfolios nationwide. “We plan to allocate approximately Rs 1,500 crore towards debt reduction (and) Rs 1,750 crore for land acquisition,” Irfan Razack, …

Irfan Razack, chairman, – Homevior Read More »

Representaative image NEW DELHI: Sumadhura Group has leased out 1.8 lakh sq ft of warehousing space to NX Logistics India (Nippon Express) at Sumadhura Logistics Park, Bengaluru. The company has entered into a nine years lease agreement for offering a ready-to-move-in warehousing space. Madhusudhan G, chairman and managing director of the company said, “The increasing …

Sumadhura Group lease out 1.8 lakh sq ft space to Nippon Express in Bengaluru, – Homevior Read More »

Representative image NEW DELHI: hBits has launched its second commercial grade A asset in Vaswani Centropolis, Bengaluru worth Rs 28.8 crore. The asset spans across a leasable area of 12,776 sq ft and has been leased for a period of six years. The rental inflow and purchase price of the asset offers an entry yield …

hBits launches Rs 28.8 crore asset in Vaswani Centropolis, Bengaluru, – Homevior Read More »

Representative image BENGALURU: Vastu considerations have emerged as a significant factor contributing to the declining demand for Bangalore Development Authority (BDA) flats, despite their affordable pricing. With over 3,500 units still unsold, BDA is grappling with financial strains and has turned to private builders to help offload the remaining inventory. Of the 11,917 units constructed …

Vastu Concerns Hinder Sales of Affordable BDA Flats in Bengaluru, – Homevior Read More »

Representative image PUNE: The Phursungi and Uruli Devachi areas, located on Pune-Saswad Road ahead of Hadapsar, will finally get a separate municipal council of their own, years after a demerger demand was made. State govt on Wednesday issued a final notification to exclude these areas from PMC limits, and to constitute a separate joint Phursungi …

Uruli Devachi, Phursungi To Finally Get Separate Municipal Council, – Homevior Read More »