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Representative image China unveiled its biggest package yet to shore up its beleaguered property market, lowering borrowing costs on as much as $5.3 trillion in mortgages and easing down-payment requirements for second home purchases to a historical low. The People’s Bank of China will cut outstanding mortgage rates for individual borrowers by an average of …

China announces significant support to boost property market, – Homevior Read More »

File Photo SYDNEY: Union Commerce and Industry Minister Piyush Goyal on Tuesday assured realtors that he would take up the issue of easy financing to the real estate sector like other industries with the Reserve Bank of India. The minister also assured that he would talk to state governments and urban local bodies for faster …

Commerce minister promises to take up financing issues of builders with RBI, – Homevior Read More »

Representative image Britain’s NewRiver REIT will buy smaller rival Capital & Regional Plc in a stock-and-cash deal valued at about 147 million pounds ($196.1 million), the shopping centres and retail parks owner said on Tuesday. The deal comes at a time of stabilising property values in the British commercial property sector and increased deal-making activity …

Britain’s NewRiver REIT to buy Capital & Regional in $196 million deal, – Homevior Read More »

Representative image NEW DELHI: The Enforcement Directorate’s Lucknow Zonal Office provisionally attached immovable assets amounting to Rs 14.89 crore (approx.) in the case of real estate broker, Rajeev Tyagi and others under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, informed a press release on Monday. According to the release, the assets …

ED attaches assets of Sai Construction and Builders’ partner under PMLA, – Homevior Read More »

File photo SYDNEY: Union Commerce and Industry Minister Piyush Goyal on Tuesday asked the real estate industry to provide guaranteed ESIC and provident fund registrations for 7 crore people working in this sector, besides adopting new form of construction process for fast project execution with less pollution. Addressing an event organised by realtors’ apex body …

Register seven crore workers associated with real estate with ESIC, PF: Commerce minister, – Homevior Read More »

Representative image PUNE: A group of residents from Sangvi, who claim they are likely to be affected by PCMC’s plan to start a demolition drive against constructions in blue floodlines, have formed a ‘Blue Line Residents Defence Committee’ to fight against the move. The residents claim the civic body should build a retaining wall along …

Residents Protest Against Impending Pcmc Demolition Drive In Blue Floodline Zone, – Homevior Read More »

Representative image MUMBAI: Mumbai bench of the Income-Tax Appellate Tribunal (ITAT) has remanded a tax deduction case involving two adjoining flats back to I-T authorities for further verification. During 2020-21, the taxpayer, P Shah, had claimed a tax deduction of Rs 9.5 crore under Section 54-F of the Income-Tax (I-T) Act, following her investment in …

Itat Seeks Verification In Case, , – Homevior Read More »

Representative image Rising Sun Holdings, an entity co-owned by Adar Cyrus Poonawalla, has acquired a large office space spread across floor floors of Cerebrum IT Park in Pune’s Hinjewadi information technology hub for a total transaction value of Rs 395 crore. The seller, Zawareh Soli Poonawalla, brother of Cyrus Poonawalla, has sold this commercial space …

Rising Sun Holdings buys office space in Pune for Rs 395 crore, – Homevior Read More »

Representative image CHANDIGARH: The District Consumer Disputes Redressal Commission-II has directed the State Bank of India (SBI) to refund Rs 6,628 along with 6% interest to a home loan applicant for wrongfully deducting the amount from his savings account. The commission held the bank guilty on account of “deficiency in service and unfair trade practices” …

Consumer Forum Asks Bank To Pay 10k Compensation To Loan Applicant, – Homevior Read More »

Representative image INDORE: The district administration has initiated the process to grant land ownership rights to the residents of 29 villages incorporated within the municipal corporation limits. In 2014, the Indore district expanded the municipal corporation limits by including 29 villages. The residents of these villages who occupy residential land or their heirs/transferees without a …

Indore administration to grant land ownership rights to residents of 29 villages, – Homevior Read More »