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Representative Image CHENNAI: Global IT service provider, Capgemini would set up a new state-of-the-art facility in the city and has committed investment of Rs 1,000 crore spread over the next 3 years. The construction for the 5,000-seat facility, spread across six lakh sq ft is scheduled to be completed by April 2027. It would promote …

Capgemini to invest Rs 1,000 crore to set up six lakh sq ft space in Chennai, – Homevior Read More »

Representative Image BENGALURU: BBMP is making earnest efforts to mop up property tax, but the results are not encouraging. Data accessed by TOI says property tax collected by the civic body between April 1 and June 29 this year is 28% short of what the civic body had mobilised during the same period last year. …

BBMP collects property tax worth Rs 1,646 crore in April-June 2024, – Homevior Read More »

Representative Image MUMBAI: As the assembly election approaches, the state govt has begun showering largesse on the people. In the city, one of the largest cluster of old and dilapidated buildings, the city’s erstwhile red light area of Kamathipura, has got a major push for cluster redevelopment. On Tuesday, the state housing department issued a …

Maharashtra issues government resolution for Kamathipura redevelopment, – Homevior Read More »

NASHIK: The Nashik Municipal Corporation (NMC) is likely to approve various developmental works, worth Rs 400 crore proposed in the current financial year’s budget within the next one or two months, with an eye on the assembly polls expected to take place in October this year. The civic body’s various departments, including public works, health, …

Nashik civic body to approve development related projects worth Rs 400 crore, – Homevior Read More »

Representative Image NOIDA: The state govt has decided to set up a new sub-registrar’s office that will primarily cater to residents of Greater Noida West — but several kilometres away in Dadri. The new office is likely to function from next month. Residents have raised questions over the govt’s decision, asking why they must travel …

New Registry Office for Flats in Greater Noida West to be Set Up in Dadri, – Homevior Read More »

Representative Image NOIDA: The Greater Noida Authority has launched a new scheme for allocation of five builder plots, expecting a minimum revenue of Rs 500 crore and construction of 8,000 new flats in the city. The allocation will be done through e auction with the online registration for the process commencing from Tuesday, it said …

Greater Noida authority expects Rs 500 crore revenue from auction of five builder plots, – Homevior Read More »

Representative Image WASHINGTON: U.S. construction spending unexpectedly fell in May as higher mortgage rates depressed single-family homebuilding, and recovery is likely to be muted by improving housing supply. The Commerce Department’s Census Bureau said on Monday that construction spending dipped 0.1% after an upwardly revised 0.3% increase in April. Economists polled by Reuters had forecast …

Construction spending falls by 0.1% in USA in May 2024, , – Homevior Read More »

NEW DELHI: Recent regulations issued by the Securities and Exchange Board of India (SEBI) for small and medium real estate investment trusts (SM REITs) are likely to drive investor interest towards fractional ownership of real estate assets, according to Crisil Ratings. By enabling strong investor protection, these regulations are expected to broaden investor base. Prudent …

Small and medium REITs to broaden realty investor base: Crisil, – Homevior Read More »

Representative Image HONG KONG: Shares in Hong Kong-listed Chinese property companies surged on Tuesday, after private data showed yearly sales declines for major Chinese property developers continued to narrow in June. The Hang Seng Mainland Properties Index was up 3.5% by noon, after jumping as much as 4.8% earlier in the session. Private developers Longfor …

Shares of property firms surge as sales decline narrows for big developers, – Homevior Read More »

Representative Image THANE: The Thane municipal corporation, Monday, undertook a major demolition drive on illegal constructions and extensions made by popular hotels and resorts in Yeour following complaints from the Indian Air Force and local tribal population of nuisance caused by visitors at night, officials informed. The collective area where these illegal extensions including temporary …

Thane civic body razes illegal constructions in demolition drive, – Homevior Read More »