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Represeenttive imave BENGALURU: Bruhat Bengaluru Mahanagara Palike (BBMP) may have recently launched its e-khata system with much fanfare, but its pilot launched two years ago in East zone has had only 8.6% — or 30,000 — of the 3.5 lakh property owners availing the certificate. Introduced on a pilot basis in 2022, the e-khata initiative …

BBMP’s e-khata pilot sees only 8.6% success in Bengaluru’s east zone, – Homevior Read More »

Representative image GURUGRAM: Haryana Real Estate Regulatory Authority (HRera) has this year issued 207 arrest warrants against 20 city-based developers for failing to comply with its orders to provide compensation due to delays in handover of flats to homebuyers. H-Rera officials said police had, however, not acted on the orders, prompting the regulator to move …

207 Arrest Warrants Issued for Developer Violations Amidst Homebuyer Struggles, – Homevior Read More »

Representative image PUNE: The state govt has passed an order making residential properties of the now-dissolved Pimpri-Chinchwad New Township Development Authority located in Pune Metropolitan Region Development Authority freehold, which will allow more than 11,000 propery holders to become legal owners. The state cabinet’s decision last week followed an assurance by industries minister Uday Samant …

Pune Government Makes Over 11,000 PCNTDA Properties Freehold, Ensuring Legal Ownership, – Homevior Read More »

Representative image China promised new measures to support the property sector and hinted at greater government borrowing to shore up the economy, as authorities seek to put a floor under the country’s growth slowdown. Local governments will be allowed to use special bonds to buy unsold homes, Finance Minister Lan Fo’an and his deputies announced …

China to introduce new measures to support property sector, , – Homevior Read More »

Representative image NEW DELHI: The real estate equity investments rose 46% year-on-year to $8.9 billion from January to September this year, surpassing the $7.4 billion total equity investments for 2023 according to a report by CBRE South Asia, a real estate consulting firm. On a quarterly basis, equity investments in real estate stood at $2.6 …

Real estate equity investment reaches $8.9 billion in Jan-Sept 2024: Report, – Homevior Read More »

Representative image MARGAO: Villagers of Betalbatim voiced their strong opposition to mega construction projects in the village, during the gram sabha held on Sunday. Pointing to a number of people from outside Goa investing in properties in the village, which were later sold at exorbitant prices, villagers asserted that they would not allow their land …

Residents of Betalbatim oppose mega construction projects, – Homevior Read More »

File photo The Supreme Court’s recent ruling allowing claiming of input tax credit (ITC) for construction of any property meant for the supply of taxable services such as renting has brought in clarity in terms of tax liabilities and is expected to drive further investments into commercial realty, said industry officials and analysts. Reduction in …

SC’s tax ruling on ITC may boost commercial realty investments, – Homevior Read More »

Representative image HYDERABAD: The Enforcement Directorate (ED) is set to interrogate Sahiti Infratec Ventures India Pvt Ltd (SIVIPL) managing director Boodati Lakshminarayana, from Oct 14 to 18 to trace the routing of proceeds from the massive Sahiti Infra scam. Lakshminarayana, who was arrested on Sept 29 in connection with the scam, will be taken into …

ED to Interrogate Sahiti Infra MD Lakshminarayana for Five Days Over Major Scam, – Homevior Read More »

Representative image NEW DELHI: Enforcement Directorate has initiated a drive to return lost funds to nearly six crore investors affected by Rs 50,000 crore Pearl Group ponzi scam. The agency said it has shared details of Rs 700 crore worth of attached assets of Pearl Agro Group with Justice Lodha Committee, the panel appointed by …

ED initiates refund drive for six crore investors in Pearl Group ponzi scam, – Homevior Read More »

Representative image NOIDA: The Allahabad high court has stayed an order by Noida Authority denying permission to Satya Homes Pvt Ltd and others to carry out construction on land they purchased in Sector 161. The court said the Authority must provide solid and legally sound reasons to reject building permits. The petitioners had purchased 9,571sqm …

High Court Overturns Noida Authority’s Construction Ban in Sector 161, – Homevior Read More »