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Representative image NEW DELHI: Average gross rental yield reached 3.62% across 13 Indian cities, according to a report by Magicbricks. Ahmedabad tops the list with a rental yield of 3.9%. The city’s average monthly rent has increased by 16.9% year-on-year to Rs 19.35 per sq ft, while property prices average Rs 5,927 per sq ft. …

Average gross rental yield touch 3.62% in 13 Indian cities: Report, – Homevior Read More »

Representative image HYDERABAD: The western part of Greater Hyderabad, a prime location for real estate development, has become a hotspot for illegal construction, with nearly 40% of the city’s unauthorised buildings concentrated here. So far this year, the Greater Hyderabad Municipal Corporation (GHMC) has identified around 1,500 illegal constructions citywide. Of these, 1,000 were demolished, …

GHMC Cracks Down, – Homevior Read More »

Representative image LUCKNOW: The Lucknow Development Authority received a total of 41 applications related to mutation, transfer and illegal construction during its ‘Pradhikaran Diwas’ (authority day) held at the LDA building on Thursday. Around 41 freehold and illegal construction issues were reported. Of these, 13 cases were resolved on the spot. Resident of Rakabganj’s Dalmandi, …

41 Property Issues Resolved in Lucknow, , – Homevior Read More »

Representative image LOS ANGELES: Sales of previously occupied U.S. homes rose in October, the first annual gain in more than three years, with home shoppers encouraged by easing rates and a pickup in properties on the market. Existing home sales rose 3.4% last month, from September, to a seasonally adjusted annual rate of 3.96 million, …

Home sales in USA rise 3.4% in October 2024, , – Homevior Read More »

File photo HYDERABAD: The merger of the Secunderabad Cantonment into GHMC is expected to come with conditions. A letter from the Directorate General of Defence Estates (DGDE), New Delhi, dated July 12, informed local Defence Estate officials that prior permission from defence authorities will be required for construction activities on ‘old grant’ lands, even post-merger. …

Defence Approval Required for Construction on Old Grant Lands in Secunderabad: New Guidelines, – Homevior Read More »

File photo The Karnataka High Court ruled that when the state government permits mortgaging of granted land for house construction loans, banks cannot be prevented from selling the property in cases of loan default, despite non-alienation clauses. This decision was made whilst quashing an endorsement dated July 18, 2023, issued to South Canara District Central …

Karnataka HC allows banks to sell mortgaged property in case of loan defaults, – Homevior Read More »

Representative image NEW DELHI: The average ticket size of homes sold across seven cities is approximately Rs 1.23 crore in H1 FY25 while it was Rs 1 crore in the corresponding period of FY 2024, according to Anarock data. Anuj Puri, chairman, Anarock Group said, “Over 2,27,400 units worth approximately Rs 2,79,309 crore were sold …

Average home prices in seven cities at Rs 1.23 crore in H1 FY25: Anarock, – Homevior Read More »