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Representative Image LONDON: Private equity giant Blackstone has agreed to buy an 80% stake in a European warehouse portfolio run by landlord Burstone, the latest push by the U.S. investment manager into warehouses that have boomed alongside the rise of e-commerce. The Johannesburg-listed company – formerly Investec’s property fund – has agreed to sell the …

Blackstone buys 80% stake in European logistics fund, , – Homevior Read More »

Representative image The Bruhat Bengaluru Mahanagara Palike (BBMP) has started taking action by attaching properties and sealing non-residential buildings due to unpaid taxes. Despite this, a substantial 66.8% of property tax payers have still not settled their dues. There were 3,95,253 property tax defaulters at the start of the financial year. Currently, 2,64,228 defaulters remain, …

Over 2.64 lakh yet to pay property tax in Bengaluru, , – Homevior Read More »

Representative image PANAJI: Goa Coastal Zone Management Authority (GCZMA), after inspection, has found evidence of illegal sand mining at Chorao and Vanxim island and its surrounding areas. Locals of Devguim wado and Chamerem wado had complained of illegal sand extraction from the Mandovi river near Chorao and Vanxim islands. They alleged that mangroves have been …

Goa’s coastal zone management authority finds illegal sand mining at Chorao, – Homevior Read More »

Representative image NEW DELHI: Bajaj Housing Finance on Tuesday said it has fixed a price band of Rs 66-70 per share for its Rs 6,560-crore initial share sale. The initial public offering (IPO) will open for public subscription on September 9 and conclude on September 11 and the bidding for anchor investors will open for …

Bajaj Housing Finance sets price band at Rs 66-70 per share for its IPO, – Homevior Read More »

Representative image NEW DELHI: Omaxe Group will be investing over Rs 2,500 crore to develop an integrated commercial-cum-sports complex – The Omaxe State in Dwarka sector 19-B, New Delhi. Spread over 50.4 acre, the project is being developed in partnership with the Delhi Development Authority (DDA) under a public-private partnership (PPP) model. The project is …

Omaxe Group to invest Rs 2,500 crore to develop commercial-cum-sports complex in Delhi, – Homevior Read More »

Representative Image Ashley Biharilal Nagpal, promoter of furniture company EBCO has purchased a luxury apartment in a super-premium residential tower in central Mumbai’s plush Worli locality for over Rs 115.5 crore. The deal values the apartment at nearly Rs 1.62 lakh per sq ft basis the carpet area spread over 7,139 sq ft, making it …

EBCO’s promoter buys apartment in Mumbai’s Worli for Rs 115 crore, – Homevior Read More »

Representative image The issue of tax implications of transferring leasehold land has come to the fore once again as the authorities have started to issue notices to recover dues for such a transfer. This has sparked a significant debate among industry stakeholders as it is expected to have a major impact on future transactions and …

New notices for GST on leasehold land transfers stir real estate concerns, – Homevior Read More »

Representative image REA Group, the property listings company majority owned by News Corp, is considering buying Rightmove to create a global real estate company, the Australian firm said on Monday, sending the British housing portal’s shares soaring. Shares in London-listed Rightmove surged 24% to 6.89 pounds, their highest level since March 2022, and the stock …

Australia’s REA Group considers buying UK-based Rightmove, – Homevior Read More »

File photo Raymond, a diversified group which will have three listed entities in its fold after demerger of lifestyle and real estate verticals, is looking for a stabilised growth of 15 per cent from sales along with 15-20 per cent of pre-tax earnings, Chairman & Managing Director Gautam Hari Singhania said. Singhania expects Raymond Lifestyle …

Raymond’s chairman expects its real estate vertical to be listed by August 2025, – Homevior Read More »

File photo BELAGAVI: The Belagavi City Corporation (BCC), renowned for its financial discipline, is reportedly in the midst of a significant financial crisis. The situation has arisen due to errors made by former officials during their administrative tenure. It is anticipated that the BCC will need to pay over Rs 100 crore in compensation to …

Errors Lead to Rs 100 Crore Compensation Issue, – Homevior Read More »