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NEW DELHI: The National Company Law Tribunal (NCLT) has directed initiation of insolvency proceedings against realty firm Spaze Towers, admitting a plea filed by its flat owners. A two-member NCLT bench said the company has defaulted in completing the construction of flats in project ‘Spaze Arrow’ at Sector 78, Gurugram and giving the possession within …

NCLT directs initiation of insolvency proceedings against Spaze Towers, – Homevior Read More »

NEW DELHI: Embassy Office Parks REIT (Embassy REIT) has reported net consolidated profit after tax of Rs 1,530.35 crore during the quarter ended September 30, 2024. It had registered profit after tax of Rs 216.67 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company’s …

Embassy REIT posts net profit of Rs 1,530.35 crore in Q2 FY25, – Homevior Read More »

Representative image WASHINGTON: U.S. existing home sales dropped to a 14-year low in September, weighed down by higher mortgage rates and house prices. The second straight monthly decline in home resales reinforced economists’ views that the slump in residential investment, which includes homebuilding, deepened in the third quarter. The housing market has struggled to rebound …

Existing home sales in US hit 14-year low in September 2024, – Homevior Read More »

File photo LUCKNOW: Aimed at integrated development of Greater Noida, the Uttar Pradesh govt on Wednesday introduced a new e-auction scheme for institutional plots in various sectors, according to an official spokesperson. The scheme, launched by the Greater Noida Industrial Development Authority (GNIDA) in key areas such as KP-05, MU, Sector 10, ETA-02, KP-01, and …

Greater Noida Launches E-Auction for Prime Institutional and Commercial Plots, – Homevior Read More »

File photo LUCKNOW: Aimed at integrated development of Greater Noida, the Uttar Pradesh govt on Wednesday introduced a new e-auction scheme for institutional plots in various sectors, according to an official spokesperson. The scheme, launched by the Greater Noida Industrial Development Authority (GNIDA) in key areas such as KP-05, MU, Sector 10, ETA-02, KP-01, and …

Greater Noida Launches E-Auction for Prime Institutional and Commercial Plots, – Homevior Read More »

Representative image LUCKNOW: The urban development department recorded 33% increased revenue during the first half of this financial year compared to the previous one. Between Apr 1 and Sept 30 of 2023-24, UP’s civic bodies collected Rs 1,054 crore as revenue. In the present year, the collection in the same period increased to Rs 1,401 …

Urban Development Sees 33% Revenue Surge Amidst Greater Urbanization in UP, – Homevior Read More »

Representative image NOIDA: The Noida Authority a new commercial plot scheme, with eight plots covering a total area of over 1.6 lakh sqm in Sector 25A on offer. The plots collectively carry a reserve price of Rs 3,103 crore. Officials said these plots are designed for large-scale commercial projects and range in size from 17,645 …

Noida Unveils Rs 3,103 Crore Commercial Plot Scheme to Boost Development, – Homevior Read More »

Representative image SEOUL: The Telangana govt, which is proposing to develop a fourth city called Future City in the southern part of Hyderabad, will take a cue from the Incheon Free Economic Zone (IFEZ), which is divided into three regions. Launched in 2003, the IFEZ was designed to decongest Seoul and help increase economic activity …

A New Economic Hub, – Homevior Read More »

CHENNAI: Unlocking land potential through increased floor space index (FSI) and affordable processed land are essential to tackling Chennai’s housing and office space shortage, according to Anshul Mishra, member secretary of the Chennai Metropolitan Development Authority (CMDA). Speaking at Infra Next 2024 organized by CII Chennai Zone on Wednesday, Mishra emphasized that resolving key urban …

CMDA working on third master plan of Chennai, , – Homevior Read More »

Representative image NEW DELHI: Upscale residential colony Sunder Nagar in the national capital has witnessed a big-ticket deal with an around 900 square yard bungalow getting sold for nearly Rs 100 crore. According to market sources, a bungalow at Sunder Nagar, owned by Sunil and Ravi Sachdev, has been sold for around Rs 96 crore. …

900 sq yard-bungalow in Sunder Nagar sells for nearly Rs 100 crore, – Homevior Read More »