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Representative image BENGALURU: It’s a double whammy for Sudhakar Lakshmanaraja, 37, having to pay both rent and interest on loans for the past six years for a flat he had purchased in 2018 — thanks to the delayed project. While Lakshmanaraja and the other apartment buyers at the project in Thanisandra were promised they would …

Karnataka RERA Issues ₹707 Crore Recovery Orders Amid Project Delays, – Homevior Read More »

Representative image BEIJING: Prices of new homes in China rose slightly in September, traditionally a peak season for house hunting, a private survey showed on Tuesday, extending months of feeble gain in a crisis-hit market that has worried the country’s leaders. The average price across 100 cities edged up 0.14%, compared with the previous month’s …

New home prices in China rise 0.14% in September 2024, – Homevior Read More »

Representative image NEW DELHI: Registration of properties in the Mumbai municipal area fell 14 per cent year-on-year in September to over 9,100 units on lower demand, according to Knight Frank. As many as 10,694 units were registered in the year-ago period. In August this year, the registration of properties stood at 11,631 units. “The decline …

Registration of properties in Mumbai falls 14% to 9,100 units in September 2024, – Homevior Read More »

Representative image Rightmove’s shares dropped 8% on Monday after Rupert Murdoch’s REA Group ended its $8.29 billion takeover pursuit following a fourth bid rejection from the British real estate portal. Australian property listing firm REA’s decision to walk away from making a formal offer for Rightmove ahead of a 1600 GMT deadline capped a month-long …

REA Group ends takeover pursuit after multiple rejections from Britain’s Rightmove, – Homevior Read More »

Representative image CHENNAI: The alliance of residents’ welfare associations (AoRWA), a federation of 425 RWAs, has urged the state govt to rescind the recent 6% property tax hike passed by GCC. They demanded that taxes not be collected from residents who don’t have basic water and sewer connections. In its second annual general body meeting …

Demands for Basic Amenities, – Homevior Read More »

Representative image PANAJI: State cabinet on Monday approved the ‘Goa Legislative Diploma No. 2070 dated 15-4-1961 (Amendment) Ordinance 2024’, which is aimed at preventing the utilisation of comunidade land for any objective apart from the one for which it has been allotted. CM Pramod Sawant said that there have been several instances where land granted, …

Goa government approves amendment disallowing change in use of comunidade land, – Homevior Read More »

Representative image BENGALURU: Land acquisition challenges and rising land prices are weighing on new project launches and property sales in India. Also, delays in securing approvals, particularly for converting farm land for development, are stretching project starting timelines to 10-14 months or more compared to up to six months previously. Tier I cities such as …

Rising land costs, approval delays hit new project launches and property sales, – Homevior Read More »

Representative image Realty developer Kanakia Spaces has entered into two separate agreements to undertake redevelopment of two large housing societies spread over a 3.3-acre land parcel in Mumbai’s western suburb Borivali with an investment of over Rs 1,100 crore, said persons with direct knowledge of the development. These projects hold development potential of over 1.2 …

Kanakia Spaces acquires 3.3 acre redevelopment projects in Mumbai’s Borivali, – Homevior Read More »