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Representative Image The Shapoorji Pallonji Group has formed a new holding company, Shapoorji Pallonji Real Estate (SPRE), to consolidate its expansive real estate holdings spread across India’s key cities, and plans to monetise the assets by taking it public soon, said a top executive. The exercise is aimed at unlocking value, streamlining operations, and paving …

Shapoorji Pallonji Group consolidates its real estate holdings under SPRE, – Homevior Read More »

Representative image Australia’s Lendlease on Monday reported a wider annual loss as the real estate developer grappled with the impact of an operational strategy shift and delays in reviewing the sale of community projects. Lendlease, the country’s largest property developer, builder and real estate investor, is looking to retreat from its overseas construction business, freeing …

Australia’s Lendlease reports $1 billion loss in FY24, , – Homevior Read More »

Representative image MADURAI: Madurai corporation has suspended five bill collectors for their involvement in a property tax fraud that has resulted in a revenue loss of Rs 1 crore over the past two years. The officials in question were found guilty of illegally reducing property tax assessments for 150 buildings, leading to substantial financial losses …

Madurai civic body suspends five bill collectors for property tax fraud, – Homevior Read More »

Representative image KALYAN: A 10-storey building in Kalyan, Yusuf Height, illegally built on land earmarked for a garden and night shelter, will be razed by KDMC after monsoon. Recently, EOW of Thane police, lodged a complaint against the builder, Salman Dolare, his aide Faraz Hare, and two others for unlawfully construction on a reserved plot …

Kalyan-Dombivli civic body set to demolish 10-floor illegal building, – Homevior Read More »

File photo NEW DELHI: Sujeeta thought she had left all woes behind two years ago when she moved into a new flat on Tower A at Kalkaji. “Imagine being a mother of three kids and living on the seventh floor. Every single day for two years, I have had to haul the children all the …

Residents regret moving into Delhi’s in-situ rehabilitation towers, – Homevior Read More »

CHANDIGARH: To avoid sham transactions in transfer of properties, especially in cases where people are found to be alienating lands beyond their shares in land, the Punjab and Haryana high court has asked both Punjab and Haryana to inform the court if there is any software that can check such illegalities. “At this stage, the …

HC asks Punjab and Haryana for software to prevent sham realty transactions, – Homevior Read More »

NEW DELHI: Realty firm Macrotech Developers Ltd’s net debt rose 43.5 per cent to Rs 4,320 crore during the first quarter of this fiscal year due to higher investment in land acquisition and construction. Mumbai-based Macrotech Developers, which sells its projects under the Lodha brand, is one of the leading developers in the country. According …

Macrotech Developers’ net debt rises 43.5% to Rs 4,320 crore in Q1 FY25, – Homevior Read More »

NEW DELHI: Delhi Jal Board (DJB) is set to look into the functionality of rainwater harvesting (RWH) systems installed in over 7,000 buildings across the city. DJB will also assess the compliance of house owners with regard to these systems and is expected to submit a report to the govt by the end of the …

Delhi Jal Board to Assess 7,000 Rainwater Harvesting Systems in New Delhi, – Homevior Read More »

GURUGRAM: The enforcement wing of the department of town and country planning (DTCP) on Friday issued a notice to the RWA of Ireo Victory Valley residential society in Sector 67 for allegedly denying EWS flat owners access to their own homes or basic amenities. In a recent grievance hearing, chaired by deputy commissioner Nishant Yadav, …

DTCP directs Ireo Victory Valley RWA to allow EWS families access to flats, – Homevior Read More »

NEW DELHI: Golden Growth Fund (GGF), a category-II alternative investment fund, is looking to raise Rs 400 crore to deploy it in land acquisition in South Delhi and develop luxury floors. It has closed the first round of fundraising and also acquired a land parcel in South Delhi’s upscale Anand Niketan residential colony. Since Delhi …

Golden Growth Fund to raise Rs 400 crore to buy land in South Delhi, – Homevior Read More »