LONDON: Britain will raise the stamp duty tax paid on second house purchases from Thursday, in a bid to raise revenue to support first-time homebuyers, finance minister Rachel Reeves announced in her first budget on Wednesday. The surcharge on second homes will increase by 2 percentage points to 5%, Reeves said. “This will support over …
United Kingdom increases stamp duty tax on second homes, – Homevior Read More »
LUCKNOW: As part of its vision to integrate small cities with the one trillion dollar goal through Master Plan 2031, the UP govt will begin registrations for the Khurja Industrial Township in Bulandshahr from Nov 11. Located about 18km away from the upcoming Noida Airport, the Khurja township will revolutionise Bulandshahr’s ODOP market by connecting …
NOIDA: The Noida Authority has decided to take a firm stance on recovering unpaid rent amounting to Rs 1,578 crore from licensed and leased properties. This comes after the recent rejection by the authority’s board of a proposed one-time settlement (OTS-III) scheme intended to aid defaulters. Instead, the board has directed the authority to issue …
Representative Image BENGALURU: Otis cut its annual sales forecast and marginally missed third-quarter estimates on Wednesday, as the elevator maker navigates a challenging Chinese property market. Weak construction activity in North America and Europe and pressure on China’s real estate activity continued to impact the elevator maker’s new equipment sales during the quarter. Otis now …
Otis expects its annual sales to be about $14.2 billion in FY25, – Homevior Read More »
MYSURU: The Enforcement Directorate’s investigation of builder Jayaram, which began Monday evening, wrapped up early on Wednesday. Jayaram, owner of MMG Construction, told reporters that officials examined his complete business records spanning 24 years, with particular focus on his firm’s activities over the past 13 years. “I provided all the details to the officers regarding …
Enforcement Directorate Wraps Up Investigation into Mysuru Builder Jayaram, – Homevior Read More »
Representative image GURUGRAM: The MCG commissioner ordered on Tuesday to seal an under-construction residential floor in a housing board plot located in Sector 52. The action was taken in response to a complaint filed by a resident living on the ground floor, who alleged that another resident constructed an unauthorised structure above their floor without …
MCG Orders Sealing of Illegal Structure in Gurgaon Housing Plot, – Homevior Read More »
Representative image INDORE: The district administration has initiated a process for mid-term revision of the collector’s guideline for property rates in Indore, which generates maximum revenue through the stamp and registrar department. A district-level valuation committee, chaired by collector Asheesh Singh, discussed the proposed changes on Wednesday. The committee proposed increasing the guide value for …
Representative image Directing a fresh investigation, a Delhi court has set aside the discharge of former cricketer and current head coach of the Indian cricket team Gautam Gambhir, and others in a case where flat buyers were reportedly cheated. Special Judge Vishal Gogne set aside a magisterial court order, saying it reflected “inadequate expression of …
Representative image CHENNAI: Sundaram Home Finance has reported net profits of Rs 44 crore for the July-September 2024 quarter, the company said on Wednesday. The city-based wholly owned subsidiary of Sundaram Finance Ltd had registered net profits of Rs 59 crore, during the corresponding quarter of last financial year. Disbursements made during the quarter under …
Sundaram Home Finance reports Rs 44 crore net profit in Q2 FY25, – Homevior Read More »
Representative image MUMBAI: Institutional real estate investment firm Certus Capital has invested Rs 150 crore across two mid-market real estate projects in Mumbai Metropolitan Region (MMR) of real estate developers JSB Group and Dynamix Group. These mid-income housing projects near Mumbai international airport and extended western suburb of Vasai have an aggregate development of 385,000 …
Certus Capital invests Rs 150 crore in two residential projects in Mumbai, – Homevior Read More »
