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Supply in Canada’s property market surges as mortgage renewals loom, – Homevior

OTTAWA: With many Canadian homeowners facing a sharp rise in mortgage payments, many of them have decided to bail, resulting in the highest number of Toronto housing units for sale in more than a decade and signaling a big drop in prices in the coming months. In Toronto, a city where two-thirds of the country’s …

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NAREDCO pitches for raising tax exemption limit on home loan interest to Rs 5 lakh, – Homevior

Representative Image NEW DELHI: Realtors’ body NAREDCO on Tuesday suggested that the tax exemption on interest on self-occupied property loans should be increased to Rs 5 lakh in the upcoming budget from Rs 2 lakh currently to boost housing demand amid a rise in housing prices and mortgage rates. Builders also sought some tax incentives …

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PMC seeks housing societies’ help to monitor rental properties in Pune, – Homevior

Representative Image PUNE: PMC has decided to seek the help of managements of housing societies for information about rented properties, after finding it difficult to get self-occupancy certificates from homeowners. Based on information provided by management committees of housing societies, the administration will start charging additional tax from owners of rented properties. The administration will …

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Ludhiana Improvement Trust to Auction Multi-Storey Building at Prime Location, – Homevior

File Photo LUDHIANA: Ludhiana Improvement Trust (LIT) is waiting for the meeting of the rate fixation committee chaired by the deputy commissioner before announcing e-auction of its multi storey building at Rani Jhansi Road. LIT officials want to make another attempt to auction the building, the cost of which is estimated to be Rs 200 …

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Builder directed to pay homebuyer ₹1.1L for possession delay, – Homevior

Representative Image CHANDIGARH: The State Consumer Disputes Redressal Commission has directed the Omaxe Chandigarh Extension Developers Private Limited to pay a compensation of Rs 1.10 lakh to Naresh Garg, a Sector 24-D resident, for failing to deliver the possession of an apartment in the firm’s ‘The Lake’ project at Mullanpur in SAS district. The State …

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Asking prices for home in UK falls by 0.4% in June 2024: Rightmove, – Homevior

Representative Image Asking prices for British homes coming to the market fell this month, with signs that some buyers are waiting for the Bank of England to cut interest rates, a survey from property website Rightmove showed on Monday. The company said the average asking price was 373,493 pounds ($484,943) for property put on sale …

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New home prices in China fall by 4.5% in June 2024, , – Homevior

Representative Image BEIJING: China’s new home prices fell at the fastest pace in nine years in June, official data showed on Monday, with the battered sector struggling to find a bottom despite government support measures to control oversupply and bolster confidence. New home prices were down 4.5% from a year earlier, hitting the lowest since …

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Sebi to auction 19 properties of seven companies on August 12, – Homevior

Representative Image NEW DELHI: Markets regulator Sebi will auction 19 properties belonging to seven companies including, Mangalam Agro Products, Sun Plant Business Ltd and Sumangal Industries on August 12, according to a notice. The move is part of Sebi’s efforts to recover money illegally collected by these companies from investors. Sunheaven Agro India, Ravi Kiran …

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Allottees facing challenges in Nadaprabhu Kempegowda Layout, – Homevior

Representative Image BENGALURU: A handful of site allottees of Nadaprabhu Kempegowda Layout (NPKL) who have dared to build their dream houses in the locality have literally been under house arrest over the past few days. With the recent rain having turned the half-done roads into slushy stretches, they fear slipping and skidding as some of …

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