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ASK Property Fund, KREEVA & Shapoorji Pallonji to invest Rs 270 crore in housing project in Gurugram, – Homevior

Representative image NEW DELHI: ASK Property Fund, Kanodia Group’s KREEVA and Shapoorji Pallonji Real Estate will jointly invest Rs 270 crore in a housing project in sector 46, Gurugram. Bhavin Jain, CIO of ASK Property Fund, said, “With significant equity from KREEVA and partnership with Shapoorji Pallonji Real Estate, this project effectively minimises risk.” The …

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Aditya Birla Group plans to invest Rs 50,000 crore in Rajasthan, – Homevior

Representative image JAIPUR: The Aditya Birla Group plans to invest Rs 50,000 crore in Rajasthan across its businesses over the next few years, a top official of the Indian conglomerate said. Aditya Birla Group Chairman Kumar Mangalam Birla said the group’s investment will include Rs 6,000 crore in renewable energy over the next 1-2 years. …

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Mumbai Builder Denied Bail in ₹400 Crore Money Laundering Scandal, – Homevior

MUMBAI: Rejecting the bail plea of 53-year-old city builder Vijay Machinder of Ornate Spaces in a Rs 400 crore money laundering case, a special PMLA court said that only because the claim of stakeholders will be taken care of by the National Company Law Tribunal (NCLT), it did not mean that his alleged sin was …

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167 Vehicles Checked in Patna, , – Homevior

Representative image PATNA: During a raid carried out by the mines and geology department and Patna district administration, a total of 167 vehicles were checked, including 161 trucks and seven tractors, at multiple locations in the Danapur sub-division area, including Shivala More, Shahpur, Bihta-Sarmera Road and Bihta-Ranitalab Road, among other places, on Saturday night. The …

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Home Dreams Out of Reach, – Homevior

Representative image BENGALURU: The housing market in Bengaluru is facing a storm of rising costs on multiple fronts, leaving buyers to compromise on things like interiors or give up on their dream for now. Office-bearers of the Confederation of Real Estate Developers Associations of India (Credai) put the rise in construction costs at 11% this …

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Ranchi Municipal Corporation Targets 1,200 Property Owners for Pending Holding Tax Payments, – Homevior

RANCHI: Ranchi Municipal Corporation (RMC) has issued notices to 1,200 property holders, including 100 major defaulters, to clear their holding tax dues. This move aims to achieve the corporation’s holding tax collection target of Rs 83.27 crore in 2024-25 financial year, with Rs 56 crore already collected through November. Additional administrator Philbius Barla is actively …

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Unsold Units Burden Karnataka’s Exchequer, – Homevior

Representative image BENGALURU: Straining under the weight of ‘unsold’ houses under the chief minister’s one lakh affordable housing scheme, the govt is exploring multiple options to reduce the burden on the state exchequer. At a recent meeting with chief minister Siddaramaiah and his deputy DK Shivakumar, Boston Consulting Group (BCG) recommended the govt provide interest …

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Noida Residents Demand Freehold Property Rights in Meeting with MLA Pankaj Singh, – Homevior

Representative image NOIDA: Members of the Confederation of NCR Resident Welfare Association (CONRWA) demanded converting residential land property of Noida Authority from leasehold to freehold, no increase in FAR post-freehold, and establishment of a separate authority for upcoming New Noida, during a meeting with Noida MLA Pankaj Singh over the weekend. Currently, all plots and …

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