The AUM of IIFL Home Loan is set to reach Rs 42-43 thousand crores by the end of this fiscal, and Rs 1 lakh crore in the next 3 to 4 years, said Gaurav Seth as the Chief Financial Officer (CFO) in an exclusive interaction with ETCFO. The CFO talked about company’s long-term financial goals, …
Representative image GURUGRAM: Over the past 24 hours, MCG imposed 54 challans for violations of the Graded Response Action Plan (GRAP) regulations. The total penalties levied amount to Rs 3.4 lakh. Of this, Rs 1.4 lakh (41% of the penalty amount) was issued for carrying out construction activities, a major GRAP violation, especially when the …
File Photo HONG KONG: China’s Country Garden submitted the preliminary terms of an offshore debt restructuring proposal to some creditors late last month and lowered its cash flow projection, said sources, as the struggling property developer looks to avoid liquidation. The company revised its cash flow projection in the proposal, said two sources who have …
Representative image BEIJING: Beijing and Shanghai have announced tax breaks to spur home purchases as distress in the property sector continues to drag on growth in the world’s second-largest economy. Other major Chinese cities are widely expected to follow suit and the measures come on the heels of some tax breaks on home and land …
China’s Beijing, Shanghai announce tax breaks to boost property markets, – Homevior Read More »
File photo NEW DELHI: Union Housing and Urban Affairs Minister Manohar Lal Khattar on Monday said states and Union territories have played a pivotal role in the successful implementation of the Pradhan Mantri Awas Yojana (PMAY). In a statement, the housing and urban affairs ministry said that the minister highlighted the PMAY-U 2.0 Scheme, its …
File photo NEW DELHI: Deepika Padukone and Ranveer Singh have leased an apartment in Beau Monde Towers co-operative housing society, Prabhadevi, Mumbai for a monthly rent of Rs 7 lakh, informed Square Yards in a media release. The apartment spans a carpet area of 2,319.50 sq ft, along with three dedicated car parking spaces. The …
Deepika Padukone and Ranveer Singh rents apartment in Mumbai, , – Homevior Read More »
Representative image INDORE: Indore Municipal Corporation (IMC) on Monday demolished illegal portions of 63 houses that were obstructing road widening work in Nandbagh area of Tigariya Badshah Senior IMC officials said notices informing residents about the impending demolition of unauthorized extensions to their property were issued a week ago. As several residents failed to comply …
Representative image GURUGRAM: The municipal corporation is owed Rs 1,881 crore property tax, of which 15% is owed by 100 defaulters, each of whom has to pay more than Rs 1 crore. According to the corporation data, 100 major defaulters owe the corporation Rs 288.4 crore. The remaining Rs 1593 crore is owed by 4.9 …
MCG Targets Major Property Tax Defaulters as Dues Reach 1,881 Crore, – Homevior Read More »
NEW DELHI: Municipal corporations need to impose adequate user charges for essential services like water supply and sanitation, to boost non-tax revenues and provide quality public services, according to a Reserve Bank of India (RBI) report. The ‘Report on Municipal Finances’ delves into the fiscal position of 232 municipal corporations (MCs) from 2019-20 to 2023-24 …
Representative image BEIJING: Shanghai said on Monday it would reduce some taxes on real estate transactions from Dec. 1, according to state media, a move designed to support the property market in China’s second-largest city. China has been aiming to bolster the crisis-hit property market by increasing demand and easing developers’ financial difficulties, with its …
