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Representative image JODHPUR: Expressing concern over the sale of plots and houses in privately developed colonies without proper drainage, electricity and water facilities, the Rajasthan high court on Wednesday directed the state govt, development authorities and urban bodies to ensure that no developer or builder is allowed to sell such properties without adhering to construction …

Rajasthan High Court Restricts Property Sales Without Essential Amenities, – Homevior Read More »

File photo MADURAI: Madras high court imposed a cost of Rs25,000 on a sub-registrar of Tuticorin district for refusing to register a sale deed despite an earlier order to register it. The court also directed the sub-registrar to register the deed within 15 days. The court was hearing the petition filed by Pandi, who stated …

Madras High Court Penalizes Sub-Registrar for Sale Deed Registration Refusal, – Homevior Read More »

File photo In a big relief to the real estate sector, the Supreme Court on Thursday allowed the industry to claim input tax credits (ITC) on construction costs for commercial buildings meant for renting purposes. It said that if construction of a building is essential for supplying services like leasing/renting out, it could fall under …

SC allows ITC claim on construction costs of commercial buildings, – Homevior Read More »

Representative image Property firm British Land Co Plc said on Wednesday it has acquired a portfolio of seven retail parks from Brookfield Asset Management for 441 million pounds ($585.34 million), increasing its position in the retail park market. The Broadgate owner has been doubling down on its investments in retail parks since 2021 as its …

British land buys $585 million retail parks portfolio from Brookfield, – Homevior Read More »

Representative image COIMBATORE: If everything goes as planned, the Coimbatore city corporation would be the largest civic body in the state. The corporation has sent a proposal to the state govt to merge a municipality, four town panchayats and 11 village panchayats with it, taking its administrative area to 438.54 square kilometres (sqkm) from the …

Could It Become Tamil Nadu’s Largest Corporation?, – Homevior Read More »

Representative image Bengaluru-based furniture retailer Furnishka has raised Rs 27 crore in a pre-series A funding round led by India Quotient, bringing the total raised by the company to Rs 45 crore. The round also saw participation from Sparrow Capital and angel investors including Udaan cofounder Sujeet Kumar and Livspace cofounder Ramakant Sharma. The new …

Furnishka raises Rs 27 crore led by India Quotient, , – Homevior Read More »

Representative image HYDERABAD: A Non-Resident Indian (NRI) from Nigeria lost 3.6 crore after falling prey to promises by a real estate firm of providing him land in Kondapur. A popular Tollywood hero was the brand ambassador of this firm. The accused, after collecting the money, promised to get the property registered and then conned the …

NRI conned of 3.6 crore in Hyderabad real estate scam involving Tollywood celebrity, – Homevior Read More »

Representative image Home sales in the greater Toronto-area, the biggest conurbation in Canada, posted in September their biggest month-on-month gain since the start of the year, official data showed on Thursday. Sales increased by 3.3% from August, the largest monthly advance since the 12.1% rise recorded in January, said the Toronto Regional Real Estate Board …

Home sales in Toronto surge 3.3% in September 2024, – Homevior Read More »

Representative image KOLKATA: IIFL Home Finance plans to raise funds from retail investors for the first time in three years as the lender looks to broaden its liability profile, taking a cue from the Reserve Bank of India’s move to restrict bank borrowings by non-banking finance companies. The company has filed a draft prospectus for …

IIFL Home Finance plans to raise upto Rs 3,000 crore from retail investors, – Homevior Read More »

Representative image MUMBAI: Maharashtra Real Estate Appellate Tribunal (MREAT) has set aside a MahaRERA order and directed the promoter of a Jogeshwari (East) project to refund Rs 13.5 lakh paid for booking a flat in 2019—along with interest at the rate of 2%– to the allottees. The developer had forfeited the booking amount after the …

Maharashtra Tribunal Orders Developer to Refund 13.5L Booking Fee with Interest, – Homevior Read More »