Representative image HYDERABAD: BRS working president KT Rama Rao demanded that the state govt to demolish all farmhouses situated within full tank levels and buffer zones of lakes, including those owned by Chief Minister Revanth Reddy. He said that he does not own a farmhouse at Janwada in Shankarpally mandal, where there were allegations it …
Representative image KOLKATA: After recording five successive months of growth, home sale registrations in Kolkata in July slumped 18% than that June and 13% than that July last year. Realtors attributed the decline to the withdrawal of incentives by the state. This was the first month when the govt’s withdrawal of incentives — 2% stamp …
July Home Registration Sees 18% Drop After Government Incentives Withdrawn, – Homevior Read More »
Real estate developers are finding it tough to get the right contractor for construction to ensure quality and timely delivery as the number of launches has doubled to approximately 1.25 lakh housing units across top seven cities every quarter from 60,000 before the Covid-19 pandemic. Many developers are boosting in-house capabilities while some are getting …
Developers struggle to find quality contractors amid housing boom, – Homevior Read More »
File photo Chinese property developer Kaisa Group said on Thursday it expects to report a bigger net loss for the first half of the year, hurt by a decline in property deliveries and higher impairment provisions set aside for projects. China’s property sector, a key driver of the economy, has been in turmoil since 2021, …
China’s Kaisa Group forecasts bigger net loss in H1 2024, , – Homevior Read More »
File Photo Bollywood actor Manoj Bajpayee and his wife Shabana Raza Bajpayee have sold an under-construction premium residential apartment in Mumbai’s Mahalaxmi locality for Rs 9 crore. The apartment on the 47th floor of one of the wings of the upcoming tower on Boricha Marg is spread over 1,247 sq ft. The owner of the …
Manoj Bajpayee sells apartment in Mumbai’s Mahalaxmi for Rs 9 crore, – Homevior Read More »
Representative Image NOIDA: The Noida Authority is planning to reclaim 13 acres of a 24-acre area in Sector 144 that was allotted to the Unitech Group for residential projects in 2011, but no work was initiated on it in all these years. Officials said on Tuesday that this plot is not part of an ongoing …
No projects launched, Noida authority plans to reclaim 13 acres from Unitech, – Homevior Read More »
Representative image PUNE: Owners of around 2 lakh properties have not submitted PT3 forms (mandatory self-occupancy affidavits) for availing 40% tax discount despite repeated extension of the deadline for the same, a PMC official said. Only owners of 2.5 lakh of 4.5 lakh properties, liable for submission of the forms, have done so, the official …
Around two lakh property owners in Pune fail to claim 40% tax discount, – Homevior Read More »
Representative image NEW DELHI: Keystone Realtors will step up investment on construction of residential projects this fiscal to Rs 800-900 crore as part of its strategy to ramp up execution capabilities. Keystone Realtors, which sells its properties under Rustomjee brand, is one of the leading real estate developers in the country with a significant presence …
Representative image MUMBAI: In a significant ruling, the Mumbai bench of the Income-tax Appellate Tribunal (ITAT) has clarified that tax benefits for investing in a residential property can be claimed even if the investment originates from the sale of a depreciated asset, such as an office unit. Tax laws, often complex, come into sharp focus …
File photo GURGAON: It has been five years since South City 1 was handed over to MCG, yet residents are struggling with flaws in basic civic amenities. Residents on Tuesday staged a protest against MCG, alleging it’s turning a blind eye to the civic woes in the society. Roads, many of which are in a …
