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Railways incurred Rs 835 crore loss due to ‘improper’ decision of land deal: CAG, – Homevior

NEW DELHI: Railway ministry has suffered Rs 835 crore loss on interest paid on a loan of Rs 3,200 crore taken by its PSU, IRCON, for development of a land parcel at Bandra East in Mumbai due to “improper” decision of the national transporter, the CAG has found. The loan along with interest was repaid …

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Hyderabad reports 48% growth in home registrations in July 2024, – Homevior

Representation image Hyderabad has achieved the record of highest homes registered with over 46,000 homes registered in 2024, leading to 40% year on year (y-o-y) revenue surge Hyderabad has registered homes worth Rs 4,266 crore during July 2024 up by 48% year-on-year (y-o-y), whilst number of registrations stood at 7,124 units up by 28% y-o-y. …

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Bombay High Court to Decide on SIT for Razing of Homes in Powai, – Homevior

File photo MUMBAI: Bombay high court on Thursday said it will decide whether to constitute a special investigation team (SIT) to probe the Jun 6 demolition at Jai Bhim Nagar, Powai, Andheri (east). It may pass an order on Friday. “We don’t want to delay any further. Investigation has to start,” said Justices Revati Mohite-Dere …

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Piramal Capital gets creditor status in Radius Project’s 5.4-acre Mumbai project, – Homevior

MUMBAI: The National Company Law Tribunal (NCLT) has affirmed the legality of the charge held by Piramal Capital & Housing Finance on realty developer Radius Estate Projects’ development spread over a prime 5.4-acre land parcel in Santacruz, Mumbai’s western suburb. This order pronounced on Wednesday resolves a contentious dispute between the creditors including J.C. Flowers …

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Aadhar Housing Finance net profit jumps 37% to Rs Rs 200 crore in Q1 FY25, – Homevior

Aadhar Housing Finance posted a 37% on year increase in their profit after tax to Rs 200 crore in the first quarter of this fiscal, from Rs. 146 crore a year ago. The total assets under management for the housing finance company stood at Rs. 21,726 crore, a 21% growth on year, from Rs. 17,947 …

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Mhada lottery for 2,030 flats in Goregaon, Powai, Malad on September 13, – Homevior

MUMBAI: Mhada’s Mumbai Board has announced a housing lottery for the sale of 2,030 flats in various housing projects at Pahadi Goregaon, Antop Hill-Wadala, Kopri Powai, Kannamwar Nagar in Vikhroli and Shivdham Complex in Malad. Online registration and application begins Aug 9 for the lottery that will be conducted Sept 13. The draw will feature …

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Incuspaze leases four lakh sq ft office space in Noida from Bhutani Infra, – Homevior

File photo NEW DELHI: Coworking firm Incuspaze has taken on a lease 4 lakh square feet of office space in Noida to expand the business and cater to the rising demand for flexible workspace. Incuspaze, founded in 2016, has 44 centres across 18 cities and a total portfolio of 3.5 million square feet. The company …

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DDA starts giving possession letters to allottees of Golf View Condos in Dwarka 19B, – Homevior

NEW DELHI: The Delhi Development Authority (DDA) has started issuing possession letters to the allottees, who have made full payment regarding the flats at Golf View Condos in Dwarka 19B, a statement said on Tuesday. To ensure that high standard of flats are maintained, the DDA vice chairman is personally monitoring the project and has …

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Challenges Faced by Residents in PM-UDAY Scheme Implementation, – Homevior

Representative image NEW DELHI: Even four and a half years after the launch of the Prime Minister’s Unauthorised Colonies in Delhi Awas Adhikar Yojana (PM-UDAY), there has been no major surge in the number of beneficiaries with the people’s response to the scheme remaining lukewarm. Responding to questions raised by South Delhi MP Ramvir Singh …

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Asian Granito India posts profit of Rs 35.36 lakh in Q1 FY25, , – Homevior

NEW DELHI: Asian Granito India has reported net consolidated profit after tax of Rs 35.36 lakh in the quarter ended June 30, 2024. It had registered net loss after tax of Rs 3.54 crore in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company’s net consolidated total income …

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