Trending

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 »

Representative image BENGALURU: Real estate developer Prestige Estates Projects plans to use the Rs 5,000 crore it raised through qualified institutional placement (QIP) to primarily reduce debt and acquire assets to expand its portfolios nationwide. “We plan to allocate approximately Rs 1,500 crore towards debt reduction (and) Rs 1,750 crore for land acquisition,” Irfan Razack, …

Irfan Razack, chairman, – Homevior Read More »

Representaative image NEW DELHI: Sumadhura Group has leased out 1.8 lakh sq ft of warehousing space to NX Logistics India (Nippon Express) at Sumadhura Logistics Park, Bengaluru. The company has entered into a nine years lease agreement for offering a ready-to-move-in warehousing space. Madhusudhan G, chairman and managing director of the company said, “The increasing …

Sumadhura Group lease out 1.8 lakh sq ft space to Nippon Express in Bengaluru, – Homevior Read More »

Representative image NEW DELHI: hBits has launched its second commercial grade A asset in Vaswani Centropolis, Bengaluru worth Rs 28.8 crore. The asset spans across a leasable area of 12,776 sq ft and has been leased for a period of six years. The rental inflow and purchase price of the asset offers an entry yield …

hBits launches Rs 28.8 crore asset in Vaswani Centropolis, Bengaluru, – Homevior Read More »

Representative image BENGALURU: Vastu considerations have emerged as a significant factor contributing to the declining demand for Bangalore Development Authority (BDA) flats, despite their affordable pricing. With over 3,500 units still unsold, BDA is grappling with financial strains and has turned to private builders to help offload the remaining inventory. Of the 11,917 units constructed …

Vastu Concerns Hinder Sales of Affordable BDA Flats in Bengaluru, – Homevior Read More »

Representative image PUNE: The Phursungi and Uruli Devachi areas, located on Pune-Saswad Road ahead of Hadapsar, will finally get a separate municipal council of their own, years after a demerger demand was made. State govt on Wednesday issued a final notification to exclude these areas from PMC limits, and to constitute a separate joint Phursungi …

Uruli Devachi, Phursungi To Finally Get Separate Municipal Council, – Homevior Read More »

Representative image BENGALURU: In a relief to over 2.6 lakh property tax defaulters in the city, the govt has extended the one-time settlement (OTS) scheme by two more months. This is the second time the govt has extended the scheme. Property taxpayers can now clear their dues under the scheme till Nov 30. The govt …

Government Extends OTS Scheme for Property Tax Defaulters Until November 30, – Homevior Read More »

Representative image PUNE: Around 18,000 properties from PMC’s merged areas are still out of the tax ambit, causing a loss of about Rs 80 crore to the civic body. “The administration has come across 45 officials who have not done their duties properly. The Pune Municipal Corporation (PMC) will act against these officials for dereliction …

18,000 Properties in Pune’s Merged Areas Evade PMC Tax, Costing Civic Body Rs 80 Crore, – Homevior Read More »

GURUGRAM: The Punjab and Haryana high court on Wednesday clarified that it had not stayed construction of stilt-plus-four floors, but the state govt said the policy was still on hold as a final decision on it was pending. HC had sought the Haryana govt’s response after a realtor filed a petition claiming a stay had …

No Ban On Stilt-plus-four Floor Construction, Decision Up To Govt, – Homevior Read More »

Representative image INDORE: Madhya Pradesh Industrial Development Corporation (MPIDC) is contemplating development of residential complexes for the workforce in industrial areas, particularly those emerging on the periphery of the city. The industry department is currently formulating plans to construct residential blocks at Vikram Udhyogpuri industrial area in Ujjain and Mandideep industrial area in Bhopal. “There …

New Residential Complexes Planned in Indore’s Industrial Areas, – Homevior Read More »