MUMBAI: Supreme Court has stayed Bombay HC’s order that found the owners of a ground floor flat in a Pedder Road building guilty of contempt of court for illegally amalgamating an adjoining flat by removing the common wall. Both flats house a designer clothes store. “We have not been able to understand on what basis …
SC stays HC’s contempt order on South Mumbai flats’ ‘illegal’ merger, – Homevior Read More »
Greentown China will buy back $741 million of outstanding bonds and is also planning to issue U.S. dollar-denominated notes, both as part of a debt refinancing plan, the real estate company said on Thursday. The Hangzhou-based developer will buy back $446.5 million of its 4.7% senior notes and $294.5 million of its 5.65% senior notes, …
Greentown China to repurchase $741 million bonds, plans dollar-debt issuance, – Homevior Read More »
NOIDA: Construction of their flats stuck for years, homebuyers of a delayed group housing project in Greater Noida West have proposed to pay up a portion of the Rs 48 crore the project’s developer owes to Greater Noida Authority in land dues. Ajnara Realtech Ltd and homebuyers of the realtor’s Le Garden project in Sector …
Flats stuck for years, buyers plan to share Ajnara’s dues to finish project, – Homevior Read More »
The state govt’s bid to remove ambiguities in the application of Odisha Apartment (Ownership and Management) Act, 2023, hit a roadblock on Wednesday with the Orissa high court issuing a stay order on the notification issued by the housing and urban development department on February 1. The two-judge bench of Acting Chief Justice Arindam Sinha …
Odisha High Court blocks attempt to weaken OAOM act, – Homevior Read More »
Housing sales in India’s top 15 tier 2 cities has increased by 4% to 1,78,771 units with sales value rising by 20% to Rs 1,52,552 crore in 2024, according to NSE-listed real estate data analytics firm PropEquity. The housing sales stood at 1,71,903 units while sales value stood at Rs 1,27,505 crore in 2023. “The …
Tribeca Developers, the largest global developer of Trump-branded projects, has entered into a joint development agreement to develop a 3-acre land parcel in Lullanagar, near New Command Hospital at Pune Cantonment. The company along with its local partner Serianee Corrp is planning to develop a mixed-use project with two towers alongside retail spaces on the …
Tribeca signs joint development pact for three-acre project in Pune, – Homevior Read More »
Asian Investment firm PAG on Thursday announced its 10th Asia-focused opportunistic real estate fund closed at $4 billion, as the firm expands its regional foray on property and debt investments in developed Asia. The fund exceeded the firm’s target of $3.5 billion, PAG said in a statement, making it the largest real estate fundraising in …
PAG raises $4 billion in Asia-focused real estate fund, – Homevior Read More »
NAGPUR: With just 46 days left until the current financial year ends on March 31, the Nagpur Municipal Corporation (NMC) is racing against time to recover Rs224 crore in property tax dues. So far, the civic body has collected Rs205 crore. The NMC has intensified its recovery drive by issuing warrants and attaching properties to …
Nagpur civic body yet to recover Rs 224 crore in property tax dues, – Homevior Read More »
PUNE: The evolving landscape in the city has fuelled the demand for mixed-use developments, making them a coveted choice among buyers and developers, with Hinjewadi, Kharadi, Magarpatta and Baner emerging as hotspots for such projects. Mixed-use projects incorporate multiple functionalities, such as residential housing, retail hubs and recreational facilities, into one community. The number of …
Demand for mixed-use developments rises in Pune, , – Homevior Read More »
LUDHIANA: The municipal corporation (MC) is finding it hard to recover property tax dues, having collected only ₹130 crore, so far, against an ambitious target of ₹200 crore. With the financial year nearing its end, officials now consider strict enforcement measures, including a sealing campaign, to bridge the gap. For the current fiscal, the initial …
Raised property tax recovery target too steep for Ludhiana civic body, – Homevior Read More »
