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Bengaluru Developers Face FIR for Unauthorized Six-Story Building, – Homevior

Representative image BENGALURU: An FIR was registered against the owner and the developers of a building in Mallathahalli, RR Nagar zone, for allegedly violating the sanctioned building plan and constructing the residential structure according to their own plan. This action followed a complaint from BBMP’s assistant director of urban planning, RR Nagar division and zone. …

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Sebi issues demand notices to Reliance Home Finance’s promoter, others in fund diversion case, – Homevior

File photo Sebi on Wednesday sent demand notices to six entities, including Reliance Home Finance’s promoter entity, asking them to pay Rs 154.50 crore for diversion of funds from the company. The regulator has warned these entities for attachment of assets and bank accounts if they fail to make the payment within 15 days. Those …

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Goa government to raise minimum land prices in Tiswadi, Mormugao, and Salcete, – Homevior

Representative image PANAJI: Those planning to buy properties in Goa’s talukas, which include its capital city, port town, and commercial capital — Tiswadi, Mormugao, and Salcete — will soon have to pay more money as state govt has decided to increase the minimum land price in those talukas. State govt is planning to increase the …

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UPSIDA Increases Residential Plot Registration Deadline to 180 Days, – Homevior

Representative image LUCKNOW: In a significant decision, the UP State Industrial Development Authority (UPSIDA) extended the deadline for getting a residential plot registered from the existing 120 days to 180 days. The decision was made in the 47th board meeting held on Monday. As per the available legal framework, any person or entity buying land …

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BigBloc Constructions doubles AAC blocks manufacturing capacity, – Homevior

NEW DELHI: BigBloc Construction, a manufacturer of aerated autoclaved concrete (AAC) blocks, bricks, and panels, has completed phase II expansion of their AAC blocks manufacturing plant located at Wada, Maharashtra. With this expansion, the company has doubled its manufacturing capacity from 250,000 to 500,000 cubic meters. Narayan Saboo, chairman of the company said, “Along with …

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Mormugao civic body regularises 544 housing board homes in New Vaddem, – Homevior

Representative image VASCO: In a major decision that is expected to bring relief to hundreds of occupants of premises belonging to the Goa Housing Board at New Vaddem, the Mormugao Municipal Council (MMC) on Tuesday resolved to regularise 544 structures. These structures were allocated to municipal workers under the Economically Weaker Sections (EWS) Housing Scheme …

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Delhi CM approves ‘anywhere registration’ policy for property registration, – Homevior

Representative image NEW DELHI: Delhi residents will now be able to register their property at any sub-registrar office of their choice, at their convenience. Delhi Chief Minister Atishi has approved the ‘Anywhere Registration’ policy, which removes the requirement for citizens to visit a specific sub-registrar office. Now, residents can make an online appointment at any …

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Vridhi Home Finance raises Rs 310 crore funding from Norwest Venture Partners, others, – Homevior

New generation housing finance company Vridhi Home Finance has secured Rs 310 crore in equity funding from Norwest Venture Partners along with its existing investor Elevation Capital and the company’s founders. It comes after the company raised $18 million from Elevation Capital in its first institutional fundraising in October 2023. In a statement on Tuesday, …

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Universal Buildwell’s director arrested from Indore in Rs 300 crore cheating case, – Homevior

Representative image NEW DELHI: The Delhi Police on Tuesday claimed to have arrested a 38-year-old builder in connection with alleged cheating of 485 flat buyers to the tune of over Rs 300 crore in Gurugram, officials said. Varun Puri was wanted in at least 45 cases of cheating and was facing the reward of Rs …

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Singapore’s Hongkong Land to wind down build-to-sell division, – Homevior

Representative image Singapore’s Hongkong Land Holdings on Tuesday said it will wind down its build-to-sell division to focus exclusively on investment properties in key Asian cities and redirect capital into integrated commercial property opportunities. Hongkong Land, which expects to raise proceeds worth $6 billion from the divestment, said the new plan will leverage its established …

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