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Infrastructure and Funding Worries for Hyderabad Residents, – Homevior

Representative Image HYDERABAD: While welcoming the merger of Secunderabad Cantonment’s civilian areas with GHMC, residents say that certain revisions in the modalities has left them apprehensive. Their key concerns: split in authority over infrastructure permissions and inadequate funds. They are also worried about certain roads being closed again. In its communication on Jan 4, 2023, …

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Samsung R&D Institute-Bangalore renews office lease for five years, – Homevior

Representative Image BENGALURU: Samsung Research and Development Institute India-Bangalore (SRI-B) has renewed its lease for 420,000 square feet of office space in Bengaluru with Bagmane Developers for a duration of five years. The lease, which started in June this year, includes a lock-in period until April 2027. According to a lease renewal deed shared by …

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Bengaluru civic body collects just Rs 463 crore property tax through OTS, – Homevior

BENGALURU: The BBMP’s initiative to boost revenue through the ‘One Time Settlement’ (OTS) aimed at recovering unpaid taxes has received a tepid response. As the deadline of July 31 approaches, the civic authority has managed to collect Rs 463.03 crore, leaving Rs 624.88 crore still outstanding. According to the data, BBMP officials have successfully collected …

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China’s Guangzhou R&F Properties receives winding-up petition, – Homevior

BENGALURU: Chinese property developer Guangzhou R&F Properties said on Tuesday that its unit has received a winding-up petition on Monday from Seatown Private Credit Master Fund regarding a non-repayment of a loan. The petition on Trillion Glory, the unit in question, was filed by the Singapore-based private equity fund, which holds a 18% interest in …

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HDFC Capital to invest $2 billion in affordable housing segment by 2025 end, – Homevior

Representative Image HDFC Capital Advisors is betting big on affordable and mid-income housing with plans to invest more than $2 billion in this segment across India’s top property markets by the end of 2025 to support easing of supply side constraints, said a top company executive. The world’s largest affordable housing platform that counts Abu …

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Bombay HC refuses to grant relief to 41 Vasai buildings facing demolition, – Homevior

File Photo MUMBAI: The Bombay High Court on Monday refused to grant any relief from demolition to 41 buildings in Vasai in Palghar district after observing that they are “wholly illegal and unauthorized” and constructed on land reserved for a sewage treatment plant and dumping ground. A division bench of Justices M S Sonak and …

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Mangaluru City Corporation to Conduct 3D Digital Twin Drone Survey for Comprehensive City Data Collection, – Homevior

Representative Image MANGALURU: The Mangaluru City Corporation (MCC) will soon appoint a consultant for the proposed 3D digital twin drone survey to be conducted in the city. The purpose of the drone survey is to create a comprehensive databank of the city that will assist the revenue, engineering, health, town planning, and other wings of …

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INH Mauritius to sell its 49% stake in JMFCS to JM Financial for about Rs 3,000 crore, – Homevior

Representative Image MUMBAI: Former Citigroup CEO Vikram Pandit is set to exit the real estate financing business established by veteran dealmaker Nimesh Kampani. INH Mauritius, an investment fund managed by Pandit, will sell 49% in JM Financial Credit Solutions (JMFCS) – the realty financing business – to Kampani’s JM Financial in a deal valued at …

INH Mauritius to sell its 49% stake in JMFCS to JM Financial for about Rs 3,000 crore, – Homevior Read More »

Fire NOC must for buildings higher than 15 metres to get electricity connection in Delhi, – Homevior

NEW DELHI:With a rise in the number of fire incidents in summer months in the national capital, power regulator DERC has proposed that residential buildings that are over 15 metres high will have to obtain a no objection certificate of the fire safety department for getting an electricity connection. The Delhi Electricity Regulatory Commission (DERC) …

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