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Sebi asks five entities to pay Rs 130 crore in Reliance Home Finance fund diversion case, – Homevior

Representative image NEW DELHI: Sebi on Monday asked five entities, including Netizen Engineering and Citi Securities and Financial Services, to pay Rs 130 crore for the illegal diversion of funds from Reliance Home Finance Ltd. The regulator has warned these entities to attach assets and bank accounts if they fail to make the payment within …

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H-Rera Orders Builders to Compensate Buyers and Deliver Flats Within 3 Months, – Homevior

Representative image GURUGRAM: H-Rera has ordered four prominent developers — Raheja Developers, Ramprastha Developers, Tashi Land Developers, and Sunrays Heights — to deliver flats to their buyers within 90 days and pay approximately 11% annual interest on investments. Rera also issued a warning that non-compliance will result in legal proceedings. The regulator’s investigation of individual …

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M&G acquires 65% stake in European property firm BauMont, , – Homevior

Representative image LONDON: British insurer and asset manager M&G has bought a majority stake in European real estate investor BauMont, as it prepares to buy up more commercial property in anticipation of a market recovery. M&G told Reuters it had acquired a 65% stake in BauMont Real Estate Capital, an 18-strong property investing team with …

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Belagavi Residents Face Challenges in Accessing Property Records Amid Digitisation Delays, – Homevior

File photo BELAGAVI: Govt has initiated digitisation of property records in all urban local bodies (ULBs). However, the process has slowed down due to various reasons, including staff shortage, work pressure, shortage of funds, and technical glitches. Due to this, the public still struggle to get the original property-related documents. To preserve the property records …

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Sweden government’s commission recommends easing mortgage repayment rules, – Homevior

Representative image STOCKHOLM: Sweden should ease rules on mortgage borrowing and repayment which have made it harder for new buyers to get into the housing market, a government-appointed commission recommended on Monday. “There is room to ease these measures without undermining financial stability,” the head of the commission Peter England told reporters. The government will …

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Yuzhou Group to raise $1.5 billion amid offshore debt restructuring, – Homevior

Representative image Shanghai-based property developer Yuzhou Group said on Friday it will raise around HK$12.01 billion ($1.54 billion) while it is in the middle of restructuring its offshore debts. The company will issue 5.65 billion existing shares at HK$2.127 apiece. Yuzhou – one of the many property firms hurt by a slowdown in China’s real …

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New home prices in China rise 0.29% in October 2024, , – Homevior

Representative image BEIJING: Prices of new homes in China rose at a faster pace in October, traditionally a peak season for house hunting, a private survey showed on Friday, suggesting that recent support measures could be having some early impact in a crisis-hit market. The average price across 100 cities edged up 0.29%, compared with …

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Home prices in Sydney and Melbourne decline in October 2024, – Homevior

Representative image SYDNEY: Home prices in Australia’s two biggest cities fell in October, a sign that the red-hot rally in the housing market is losing steam amid a rise in listings, affordability constraints and expectations that rate cuts are still some way off. Figures from property consultant CoreLogic, released on Friday, showed prices across the …

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Chennai Housing Board Fined for Excess Water Charges and Hidden Fees, – Homevior

Representative image CHENNAI: The Tamil Nadu Housing Board (TNHB) has been penalised for imposing 30 excess water fee each month and demanding “mobile water charges,” which were not specified in its rental terms. K Iyappan, a state secretariat employee, had rented a TNHB property in Chennai between Nov 2020 and Oct 2021. During his 13-month …

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