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What real estate industry gained from Budget 2024-25, – Homevior

NEW DELHI: Nirmala Sitharaman, minister of finance, presented the union budget 2024-2025 in Lok Sabha on July 23, 2024. Presenting her seventh straight budget, Sitharaman said, India’s inflation continues to be low, stable and moving towards the 4 per cent target. Core inflation (non-food, non-fuel) currently is 3.1 per cent. She also said this budget …

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Tamil Nadu CM launches housing projects worth Rs 541 crore, , – Homevior

CHENNAI: Tamil Nadu Chief Minister M K Stalin on Monday unveiled newly built flats costing Rs 541 crore and also launched a simple, instant online approval for building permits. About 4,184 flats that were constructed on behalf of the Tamil Nadu Urban Habitat Development Board for Rs 541.32 crore and 1,459 flats for government servants, …

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DTCP razes six illegal colonies in Alipur, Raisina and Bhondsi, – Homevior

Representative Image GURUGRAM: The town and country planning department executed a large-scale demolition drive, clearing six illegal colonies spread across 30 acres in the villages of Alipur, Raisina, and Bhondsi of Sohna tehsil. According to officials, the operation was carried out with police support and resulted in the demolition of around 40 unauthorised structures, including …

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Keppel acquires One Paramount 1 tech park in Chennai for Rs 2,100 crore, – Homevior

Representative Image Singapore-based global asset manager and operator Keppel has acquired One Paramount 1 tech park in Chennai for about ₹2,100 crore, said three people aware of the deal. The prime office asset is jointly owned by realty developer RMZ Corporation and Canadian pension fund CPP Investments. The property in Chennai’s Porur area is spread …

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Vietnamese builder’s trial starts in $146 million graft case, – Homevior

Representative Image HANOI: A former Vietnamese property and aviation tycoon charged with $146 million in fraud and stock market manipulation went on trial in Hanoi Monday, the latest corruption case targeting the communist country’s business elite. Trinh Van Quyet, who owned the FLC empire of luxury resorts, golf courses, and the budget Bamboo Airways, had …

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China’s central bank cuts interest rates to revive property sector, – Homevior

Representative Image BANGKOK: China’s central bank cut key interest rates in a surprise move Monday aimed at injecting new life into its ailing property sector, while the ruling Communist Party released details of a top-level meeting focused on strategies for revving up the slowing economy. The People’s Bank of China cut the five-year loan prime …

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RERA in states and UTs dispose of nearly 1.25 lakh consumer complaints, – Homevior

NEW DELHI: Real estate regulators in states and Union Territories have so far disposed of nearly 1.25 lakh consumer complaints against developers, according to the Economic Survey 2023-24. The Real Estate (Regulation & Development) Act, 2016, popularly known as RERA, was enacted to bring about much-needed reform in India’s real estate sector. The main objective …

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Italy’s Proprium Capital Partners to invest $100 million in student housing sector, – Homevior

Representative Image MILAN: Proprium Capital Partners will invest $100 million in projects in Italy’s fast-growing student accommodation sector, the real estate private equity firm said on Monday. It will acquire and develop two purpose-built student accommodation (PBSA) projects to provide accommodation for more than 1,600 students in total in prime locations in the northern cities …

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Aggrieved home-buyers must name promoters in complaint: Karnataka HC, – Homevior

Representative photo If is often seen that real estate companies become insolvent while its promoters remain wealthy. Some of these promoters and directors are also known to declare or make their entities bankrupt and embark on opening new companies under different names. The idea is to cheat homebuyers or avoid paying compensation to them for …

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