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NEW DELHI: The National Company Law Tribunal (NCLT) has has directed to initiate insolvency proceedings against Syska LED Lights, admitting the plea filed by its operational creditor — Sunstar Industries. Syska LED Lights, part of Pune-based SSK Group, operates in segments such as LED lights, personal care appliances, mobile accessories, home appliances, and smart watches. …

NCLT directs to initiate insolvency proceedings against Syska LED Lights, – Homevior Read More »

File photo The government on Tuesday initiated a survey of kutcha houses across the country to identify new beneficiaries of its rural housing scheme, rural development and agriculture minister Shivraj Singh Chouhan said. The survey will be completed within six months and those living in kutcha dwelling units could qualify for pucca (all-weather) houses under …

Central government launches survey to identify new rural housing beneficiaries, – Homevior Read More »

File photo MUMBAI: The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday but took the first step towards a rate cut as it eased its relatively hawkish policy stance to ‘neutral’. The monetary policy committee, which included three RBI officials and an equal number of new external members, voted five-to-one …

RBI’s monetary policy committee changes policy stance to ‘neutral’, – Homevior Read More »

File photo MUMBAI: The Reserve Bank of India (RBI) kept its key interest rate unchanged on Wednesday but took the first step towards a rate cut as it eased its relatively hawkish policy stance to ‘neutral’. The monetary policy committee, which included three RBI officials and an equal number of new external members, voted five-to-one …

RBI’s monetary policy committee changes policy stance to ‘neutral’, – Homevior Read More »

On Tuesday, the Authority send the developers a final notice seeking details on unsold flats and shops, and unutilised sections of the project land. The cases will be referred to EOW if the data is not shared soon, officials said. Source Homevior.in

Representative image BENGALURU: The Karnataka govt’s initiative to digitize property transactions by making e-khata mandatory for registration has run into technical glitches, resulting in a 95% decline in registrations, particularly in Bengaluru, Mangaluru and Mysuru. The sharp drop comes at a time when the stamps and registration department is attempting to ratchet up revenues by …

Karnataka’s E-Khata Glitches Cause 95% Drop in Property Registrations, – Homevior Read More »

Representative image JAIPUR: After earning more than Rs 140 crore by auctioning premium properties, Rajasthan Housing Board (RHB) has resumed the traditional Wednesday e-auction from this week. Officials said that from now on, the Wednesday e-auction will take place every Wednesday, while the RHB will announce auctions for premium properties at certain intervals. “Under the …

Rajasthan Housing Board Resumes Weekly E-Auctions with Premium Properties, – Homevior Read More »

File photo Bengaluru is grappling with various challenges, from rainwater flooding houses to unauthorised borewell drilling on public roads, along with confusion surrounding the newly introduced e-Khata system. In an interview, the Bruhat Bengaluru Mahanagara Palike (BBMP) Chief Commissioner Tushar Giri Nath discusses the current efforts, future plans, and actions being taken to address these …

Tushar Giri Nath, BBMP chief, , – Homevior Read More »

Representative image Housing finance companies (HFCs) have proposed to the government to revamp the Credit Risk Guarantee Fund Trust for Low Income Housing (CRGFTLIH) and increase guarantee cover for home loans up to ₹25 lakh from the current ₹5 lakh, two people aware of the development said. HFCs have sought a guarantee cover of up …

Housing finance companies propose increasing guarantee cover for home loans up to Rs 25 lakh, – Homevior Read More »

MUMBAI: Mahayuti govt, which has been allotting plots of vacant land in each successive cabinet, is considering a proposal to allot a portion of roughly 180 acres of land in Madh Island near Malad (West) for the Adani group-led Dharavi Redevelopment Project (DRP). A portion of the land will be demarcated for other applicants, including …

Madh Island Land Allotment Proposal for Dharavi Redevelopment Project, – Homevior Read More »