Trending

Representative image NEW DELHI: Realty firm Arkade Developers Ltd has raised Rs 122.40 crore from anchor investors ahead of its initial public offering. On Tuesday, the company had fixed a price band of Rs 121-128 per share for its Rs 410-crore initial public offering. The initial share sale will open for public subscription on September …

Arkade Developers raises Rs 122.40 crore from anchor investors ahead of IPO, – Homevior Read More »

Ratings agency Fitch on Thursday downgraded property giant China Vanke’s long-term foreign- and local-currency issuer default ratings for the third time this year as a debt crisis continues to weigh on China’s real estate sector. Fitch lowered its rating to “B+” from “BB-“, with a negative outlook. The downgrade reflects ongoing pressure on China Vanke’s …

Fitch lowers China Vanke’s issuer ratings to ‘B+’ from ‘BB-‘, , – Homevior Read More »

Representative image An Indian tycoon behind an apparel empire has just paid £21 million ($27 million) for a home in London’s Notting Hill district, marking one of this year’s biggest UK residential deals that defied a wider slowdown in luxury sales. Harish Ahuja, who owns and runs Shahi Exports Pvt., bought the eight-story residential convent …

Sonam Kapoor’s father-in-law buys $27 million home in London, – Homevior Read More »

File photo BEIJING: Accountancy giant PwC was banned in China Friday for six months and slapped with a fine of $62.2 million over problems with its audit of beleaguered property company Evergrande. The moves by Chinese regulators mark the latest development in a crackdown on PwC for its work with Evergrande, which has become emblematic …

China bans PwC for six months, fines $62.2 million over Evergrande audit, – Homevior Read More »

Representative image HYDERABAD: In a move aimed at thwarting attempts to encroach water bodies, the Hyderabad Disaster Response and Assets Monitoring and Protection Agency (HYDRAA) has requested the Greater Hyderabad Municipal Corporation (GHMC) to stop issuing property assessment numbers for any construction on Full Tank Level (FTL) and buffer areas of lakes. “Encroachers are constructing …

HYDRAA urges Hyderabad civic body to freeze property assessments on lake FTLs, – Homevior Read More »

Representative image MUMBAI: Mortgage lender Vastu Housing Finance on Friday said it plans to borrow up to USD 50 million in a 20-year loan from the US International Development Finance Corporation. An agreement for external commercial borrowing was signed between the two entities, as per an official statement. Money raised from the route will be …

Vastu Housing Finance looking to raise up to $50 million from US IDFC, – Homevior Read More »

Representative image NOIDA: After a delay of more than 10 years, work on Unitech’s housing projects in the city is set to resume. The move follows Noida Authority’s approval of Unitech’s revised layout in June this year, in keeping with a Supreme Court order. The govt-appointed board of the company said on Thursday that a …

After A 10-yr Pause, Work On Unitech Projects To Resume Under New Board, – Homevior Read More »

PANAJI: State govt on Thursday directed the House of Abhinandan Lodha to withdraw the controversial advertisement captioned ‘Delhi, Rulers of India, Now Conquer Goa’ with immediate effect. The home department warned of action in case the developer fails to withdraw the advertisement. “I am directed to inform you that it has been brought to the …

Government directs House of Abhinandan Lodha to withdraw ‘Conquer Goa’ ad, – Homevior Read More »

Representative image China is poised to cut interest rates on more than $5 trillion of outstanding mortgages as early as this month, according to people familiar with the matter, as it accelerates a move to reduce the borrowing costs for millions of families to spur consumption. Some banks are making final preparations to get ready …

China set to cut interest rates on $5 trillion of mortgages in September 2024, – Homevior Read More »

Representative image NEW DELHI: Birla Estates, the real estate venture of the Aditya Birla Group, has bought around 24.5 acre land in Mumbai Metropolitan Region (MMR) for Rs 537.42 crore, according to real estate consultant Square Yards. The plot is located at Kalwa, along the Thane-Belapur Road. “The registration document, reviewed by Square Yards, indicates …

Birla Estates buys 24.5 acre land in Mumbai for Rs 537.42 crore, – Homevior Read More »