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Merlin Group to invest Rs 800 crore for second thematic project in Kolkata, – Homevior

KOLKATA: Real estate company Merlin Group is set to come up with its second thematic luxury residential project. The project, set in Bidhannagar Municipal Corporation area bordering New Town, is likely to be completed by 2030 and Merlin will invest around Rs 800 crore for the project. Merlin has partnered with global lifestyle network FTV …

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Use of foreign companies to buy properties in UK under ED lens, – Homevior

Representative Image MUMBAI: Affluent Indians who used offshore companies to buy apartments and mansions in the UK are coming under the glare of the Enforcement Directorate (ED). While resident individuals are allowed to remit up to $250,000 a year to directly purchase properties abroad, acquiring stocks of foreign companies that primarily hold properties is a …

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Telangana government land worth Rs 60,000 crore in ownership tussle, – Homevior

Representative Image HYDERABAD: The Rangareddy district administration has swung into action to protect around 1,200 acres of prime govt land, worth an estimated Rs 60,000 crore, currently embroiled in ownership disputes. Located in high-demand and high-value areas such as Hafeezpet, Madhapur, and Kondapur, this land is at the centre of a legal battle with private …

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Enzyme Office Spaces lease out 14,000 sq ft space to SUGAR Cosmetics, – Homevior

NEW DELHI: Enzyme Office Spaces has rented out 14,000 square feet of managed workspaces in Mumbai to beauty and personal care brand SUGAR Cosmetics. At present, Enzyme Office Spaces has 32 centres comprising 14 lakh square feet area and 35,000 seating capacity. It has a presence in Bengaluru, Mumbai, Hyderabad and Delhi-NCR. The company provides …

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Over 8,000 complaints pending with Maharashtra RERA, , – Homevior

MUMBAI: Touted as a dedicated authority to resolve problems faced by real estate consumers, home buyers say they are now finding it tough to get relief from Maharashtra Real Estate Regulatory Authority(MahaRERA). With around 8,000 complaints pending, besides delay in or non-execution of some of the regulator’s orders, including recovery warrants by revenue authorities, experts …

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SC directs Sahara, SEBI to hold meet over group’s Versova land, – Homevior

NEW DELHI: The Supreme Court on Wednesday directed Sahara India Commercial Corporation Ltd (SICCL) and SEBI to hold a meeting along with two Mumbai-based property consultants to explore the terms and conditions on which Sahara Group’s Versova land could be sold to get maximum value to return investors’ money. A bench of Chief Justice Sanjiv …

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Maharashtra’s registration department achieves 85% of revenue target in February, – Homevior

PUNE: The property registration department achieved 85% of its revenue target by the second week of this month, ahead of a possible hike in ready reckoner (RR) rates from April 1. State govt proposed a rise to fund its various welfare schemes. Data shows 23.72 lakh documents were registered across Maharashtra till Feb 10, fetching …

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Developer, RWAs served notice for flouting building code in Gurugram, – Homevior

GURUGRAM: The district town planner (enforcement) has issued a show-cause notice to Ansal Properties & Infrastructure Ltd and the NRI Group Housing, Celebrity Homes, Palam Vihar, over unauthorised commercial activities and illegal alterations in the residential complex. The notice, issued under Section 10(2) of the Haryana Development and Regulations of Urban Areas Act, 1975, highlights …

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DDA plans survey to cover 173 more JJ clusters in Delhi, , – Homevior

NEW DELHI: Delhi Development Authority proposes to establish a database of the 173 slum clusters that haven’t yet been surveyed in order to plan rehabilitation efforts or improve infra and civic services at the places in future. DDA has initiated a fresh exercise for the empanelment of specialist organisations to conduct these surveys. The database …

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