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MYSURU: Prospective buyers of sites in the jurisdiction of Mysore Urban Development Authority (Muda) are treading cautiously after the Enforcement Directorate (ED) announced attachment of properties linked to the controversial 50:50 scheme in various parts of Mysuru in mid-Jan. Though the directive is not legally binding on authorities of the department of stamps and registration, …

Buyers in Mysuru tread cautiously after ED attaches Muda properties, – Homevior Read More »

HYDERABAD: If the city’s civic infrastructure fails to meet people’s expectations, then they are partly to blame. The residents collectively owe 5,500 crore in property tax dues to the Greater Hyderabad Municipal Corporation which is already reeling under severe fund crunch. In the past over eight years, nearly 7 lakh residents have not bothered to …

Rs 5,500 crore property tax backlog leaves GHMC in fiscal strain, – Homevior Read More »

SINGAPORE: Singapore’s Paragon REIT said on Tuesday it received a buyout offer from its major shareholder, Cuscaden Peak, and parties valuing the real estate firm at S$2.78 billion ($2.05 billion). The offeror, which holds an indirect stake of 61.5% in Paragon REIT, proposed to buy the remaining shares of the REIT at S$0.98 per share. …

Singapore’s Paragon REIT gets buyout offer valuing it at $2 billion, – Homevior Read More »

Realty developer Kalpataru has entered into agreements to undertake redevelopment of two large housing societies spread over a total of nearly 7.5 acres of land in Mumbai’s eastern suburb Chembur and western suburbs of Goregaon. These projects involve total development of over 1.5 million sq ft with revenue potential of over Rs 2,000 crore. The …

Kalpataru inks 7.5-acre Mumbai redevelopment deals with Rs 2,000 crore revenue, – Homevior Read More »

GURUGRAM: The Haryana Real Estate Regulatory Authority (H-Rera) this month ordered the developer of a residential project in Sector 103 to refund Rs 5.8 lakh paid by a homebuyer to book a flat in 2019 along with annual interest of 11% for failing to honour its commitments. HRera gave the ruling after the homebuyer filed …

Haryana-RERA asks builder to refund Rs 6 lakh to buyer, , – Homevior Read More »

PUNE: Up to 10,000 cooperative housing societies in Maharashtra, primarily from Pune, Mumbai and Thane, are eager to initiate self-redevelopment of their properties, but waiting for the execution of the single-window approval system proposed in 2019. The state housing department in a GR issued on Sept 13, 2019 had proposed for a single-window system for …

Up to 10,000 housing societies await single-window system for clearances, – Homevior Read More »

CHANDIGARH: For registration of properties, the Chandigarh administration will soon introduce Aadhaar-based authentication system that will help verify an applicant’s identity using their Aadhaar number. It involves submitting the Aadhaar number along with demographic or biometric information to the Unique Identification Authority of India’s (UIDAI) Central Identities Data Repository (CIDR). Nishant Kumar Yadav, deputy commissioner-cum-estate …

Chandigarh administration to introduce Aadhaar-based authentication for property registration, – Homevior Read More »

NEW DELHI: Suraksha Group-controlled Jaypee Infratech Ltd has got re-validation of RERA registration for seven stalled real estate projects, comprising more than 10,000 units, in Delhi-NCR. This will enable the company to expedite construction work and give possession of properties to aggrieved homebuyers. In June last year, Mumbai-based Suraksha Group took control of Jaypee Infratech …

Suraksha Group-controlled Jaypee Infra gets RERA registration revalidation for seven stalled projects, – Homevior Read More »

PONDA: Ponda Municipal Council (PMC) plans to hike house tax to cover rising expenses as it spends Rs 40 lakh monthly on salaries. Chairperson Anand Naik said that since 2019, house tax has remained at Rs 7 per sqm. Raising the house tax is being considered to mitigate rising administrative costs and increase revenue collection. …

Ponda council plans house tax hike to cover rising costs, , – Homevior Read More »

PUNE: Two amnesty schemes started by Pune Municipal Corporation (PMC) to reduce the number of property tax defaulters has not only caused a loss of Rs 274 crore but also led to owners of around one lakh properties not paying again. According to data obtained by Sajag Nagrik Manch, a citizens’ group, this was the …

Over one lakh property tax amnesty scheme beneficiaries are defaulters again, – Homevior Read More »