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Coimbatore Councillors Reject 6% Property Tax Increase Amid Public Outcry, – Homevior

File photo COIMBATORE: Corporation councillors opposed the move to hike the property tax by 6% from October 1 at the monthly council meeting on Wednesday. They also opposed the bid to award the contract for the maintenance of three crematoriums in the city to Isha Foundation. The meeting that was held at Victoria Hall was …

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Kalyani Developers to invest Rs 4,500 crore over next two years in Bengaluru and Hyderabad, – Homevior

NEW DELHI: Kalyani Developers, also known as Kalyani Tech Park, has forayed into the residential sector with three projects planned in North Bengaluru, Whitefield and Kanakapura Main Road. The company is also planning a mixed-use development in Hyderabad. “The construction of all projects will be handled by our in-house team. In the coming years, the …

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NCLT directs initiation of insolvency proceedings against Spaze Towers, – Homevior

NEW DELHI: The National Company Law Tribunal (NCLT) has directed initiation of insolvency proceedings against realty firm Spaze Towers, admitting a plea filed by its flat owners. A two-member NCLT bench said the company has defaulted in completing the construction of flats in project ‘Spaze Arrow’ at Sector 78, Gurugram and giving the possession within …

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Embassy REIT posts net profit of Rs 1,530.35 crore in Q2 FY25, – Homevior

NEW DELHI: Embassy Office Parks REIT (Embassy REIT) has reported net consolidated profit after tax of Rs 1,530.35 crore during the quarter ended September 30, 2024. It had registered profit after tax of Rs 216.67 crore it registered in the corresponding quarter of the previous fiscal, the company said in a BSE filing. The company’s …

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Existing home sales in US hit 14-year low in September 2024, – Homevior

Representative image WASHINGTON: U.S. existing home sales dropped to a 14-year low in September, weighed down by higher mortgage rates and house prices. The second straight monthly decline in home resales reinforced economists’ views that the slump in residential investment, which includes homebuilding, deepened in the third quarter. The housing market has struggled to rebound …

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Greater Noida Launches E-Auction for Prime Institutional and Commercial Plots, – Homevior

File photo LUCKNOW: Aimed at integrated development of Greater Noida, the Uttar Pradesh govt on Wednesday introduced a new e-auction scheme for institutional plots in various sectors, according to an official spokesperson. The scheme, launched by the Greater Noida Industrial Development Authority (GNIDA) in key areas such as KP-05, MU, Sector 10, ETA-02, KP-01, and …

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Greater Noida Launches E-Auction for Prime Institutional and Commercial Plots, – Homevior

File photo LUCKNOW: Aimed at integrated development of Greater Noida, the Uttar Pradesh govt on Wednesday introduced a new e-auction scheme for institutional plots in various sectors, according to an official spokesperson. The scheme, launched by the Greater Noida Industrial Development Authority (GNIDA) in key areas such as KP-05, MU, Sector 10, ETA-02, KP-01, and …

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Urban Development Sees 33% Revenue Surge Amidst Greater Urbanization in UP, – Homevior

Representative image LUCKNOW: The urban development department recorded 33% increased revenue during the first half of this financial year compared to the previous one. Between Apr 1 and Sept 30 of 2023-24, UP’s civic bodies collected Rs 1,054 crore as revenue. In the present year, the collection in the same period increased to Rs 1,401 …

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Noida Unveils Rs 3,103 Crore Commercial Plot Scheme to Boost Development, – Homevior

Representative image NOIDA: The Noida Authority a new commercial plot scheme, with eight plots covering a total area of over 1.6 lakh sqm in Sector 25A on offer. The plots collectively carry a reserve price of Rs 3,103 crore. Officials said these plots are designed for large-scale commercial projects and range in size from 17,645 …

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