Trending

Representative image New Zealand’s Fletcher Building said on Friday its unit Iplex Pipelines Australia and the Western Australian government had agreed to address plumbing failures in some homes built using pipes made by the unit, sending its shares up 7%. Last year, Fletcher had said that nearly 1,500 of the 15,000 houses constructed in Western …

Fletcher Building to resolve leaky pipes issue in Western Australia homes, – Homevior Read More »

File photo BEIJING: Chinese housing developer Vanke announced significant first-half losses on Friday, as local real estate firms contend with an industry-wide crisis compounded by declining home sales in a sluggish economy. Vanke was the second-largest developer in China last year in terms of sales, according to specialist firm CRIC. The company reported net losses …

China Vanke posts losses of $1.4 billion in H1 2024, , – Homevior Read More »

File photo NEW DELHI: In a boost to Amrapali housing projects, which are being built under the supervision of the Supreme Court and facing a funds crunch, all parties concerned – including the court-appointed receiver, Noida and Greater Noida authorities, NBCC and homebuyers – have resolved their differences and agreed on a purchasable floor area …

SC nod for purchasable FAR, to allow 13,000 more Amrapali flats to come up, – Homevior Read More »

File photo Bollywood film director, producer, and television personality Karan Johar has picked up a premium duplex residential apartment in Mumbai’s plush Bandra west locality through a 3-year rental agreement. He has leased the apartment for the apartment located on the 2nd and 3rd floors of the tower in Pali Hill’s Union Park at monthly …

Karan Johar leases duplex in Mumbai’s Pali Hill with total rent of Rs 3.06 crore, – Homevior Read More »

File photo CHENNAI: Tech major Cognizant has put up its prime property, serving as its India headquarters for more than two decades, in Chennai for sale. The eventual sale of the property, comprising a 15-acre land parcel and four lakh sq ft office space on Chennai’s IT Corridor, could fetch the company at least Rs …

Cognizant puts headquarter in Chennai up for sale, eyes Rs 800 crore, – Homevior Read More »

File photo THANE: Ulhasnagar Municipal Corporation (UMC) has decided to demolish a portion of an illegal under-construction 16-storey building in Ulhasnagar. The civic body has asked the developer to raze the structure, warning that if it is not done, action would be taken by UMC, and expenses recovered from the builder. UMC’s decision has shocked …

Ulhasnagar civic body to demolish 16-floor illegal building, – Homevior Read More »

Representative image GHAZIABAD: GDA may soon get its share of Rs 568 crore in infrastructure cess dues from the state govt with the cabinet clearing the decks on Wednesday for a proposal to directly transfer the funds to development authorities and civic bodies. Infrastructure cess — a 2% charge collected as a part of stamp …

Ghaziabad development body, GMC to get infra cess share directly into accounts, – Homevior Read More »

Representative image KOLKATA: The KMC Act (1980) is set to be amended with a more stringent provision of law to deal with illegal constructions. The new law, once passed, can double the quantum of maximum punishment for unscrupulous builders and also raise the fine by several lakhs. A stricter law, said a KMC buildings department …

Kolkata Municipal Corporation to Toughen Laws Against Illegal Buildings, – Homevior Read More »

HONG KONG: Some Hong Kong developers are now turning to housing rental and the leasing market to weather a prolonged downturn in its property market and to serve surging rental demand from mainland Chinese professionals and students. The shift in developers’ strategy is a rare move in a city that boasts some of the world’s …

Betting on Chinese demand, Hong Kong developers turn to rental market, – Homevior Read More »

Representative image The Chapter, a luxury holiday home developer backed by Nadir Godrej, Anand Piramal and Dabur India’s Burman family, is planning to invest over Rs 850 crore to develop luxury villas across key leisure destinations in India, said top company executives. The company, part of the Isprava Group, has acquired over 100 acres in …

The Chapter to invest Rs 850 crore in luxury villas across leisure destinations, – Homevior Read More »