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Omaxe Group to invest Rs 2,500 crore to develop integrated township in Delhi, – Homevior

Representative image NEW DELHI: Omaxe Group will be investing over Rs 2,500 crore to develop an integrated township project – 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 …

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Unitech restarts construction of South Park project in Gurugram, – Homevior

Representative image GURGAON: In a relief to hundreds of homebuyers who have been waiting for nearly a decade, Unitech’s stalled residential project South Park, located in Sector 70, has finally resumed construction. The project, which was halted in 2013, is now set to move forward and be completed within the next three years. The South …

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Allahabad HC directs Noida authority to maintain status quo in Wajidpur demolition, – Homevior

File photo NOIDA: The Allahabad High Court directed Noida Authority to maintain the status quo regarding a demolition notice in Wajidpur village until objections filed by the petitioners are resolved. The court also restrained the petitioners from carrying out any further construction on the disputed site or creating third-party interests. The order came as a …

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Goa’s coastal zone management authority directs demolition of multiple structures in Taleigao, – Homevior

Representative image PANAJI: The Goa Coastal Zone Management Authority (GCZMA) has directed the demolition of multiple structures along the coastal area of Taleigao in three survey numbers. The violator had carried out the constructions stating that he intended to set up a water sports institute. The authority said that the arguments of the violator were …

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Commercial Development Plan for Metro Rail Stations in Chennai, – Homevior

File photo CHENNAI: In a few years, you may step off the metro and into your workplace or an expansive shopping complex without having to step foot on the streets. This is what Metrorail has in store for the city, with plans to develop properties around phase-two metro stations in at least eight locations. Properties …

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60% stalled projects avail Uttar Pradesh’s rehabilitation package, – Homevior

NOIDA: Nearly 60% of stalled projects under the three industrial authorities have sought relief under UP govt’s rehabilitation package, unlocking registration of over 63,000 flats within the next year. At a review meeting with chief minister Yogi Adityanath on Aug 24, the three authorities reported that 93 out of 161 projects have already availed of …

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Dharavi NGOs support redevelopment survey, say opposition only by non-locals, – Homevior

MUMBAI: Several non-government organisations working in Dharavi have pledged their support to the ongoing state government-led survey of informal tenants in Asia’s biggest slum and accused non-locals of trying to stall redevelopment by spreading misinformation, according to letters they wrote to state government authorities. The NGOs have written to Dharavi Redevelopment Project/Slum Rehabilitation Authority (DRP/SRA), …

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Registration of properties in Mumbai region set to rise 7% in August 2024: Knight Frank, – Homevior

MUMBAI: Registration of properties in Mumbai municipal region is likely to rise 7 per cent annually in August to around 11,650 units on strong demand, according to Knight Frank India. Citing Maharashtra government data, real estate consultant Knight Frank India said that Mumbai city (area under BMC jurisdiction) has recorded 11,631 property registrations so far …

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Bajaj Housing Finance Rs 6,560-crore IPO to open on September 9, – Homevior

NEW DELHI: Bajaj Housing Finance is set to float its much-awaited Rs 6,560-crore initial share-sale for public subscription on September 9. The initial public offering (IPO) will conclude on September 11 and the bidding for anchor investors will open for a day on September 6, according to the red herring prospectus (RHP). The proposed IPO …

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China’s Country Garden delays 2023 annual results again, – Homevior

File Photo BENGALURU: China’s largest property developer Country Garden on Friday further delayed the release of its 2023 financial results, as it needed more time amid an ongoing debt restructuring. The firm had previously delayed the results in March, saying it needed more time to collect information for making appropriate accounting estimates and judgements. “The …

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