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Representative image HUBBALLI: The Hubballi-Dharwad Urban Development Authority (Huda) is gearing up to act against the rising problem of illegal layouts in the twin cities. Huda is considering a comprehensive survey to verify the legitimacy of existing layouts. To aid the public in identifying legal plots, the authority plans to appoint a nodal officer at …

Huda to crack down on illegal layouts in Hubballi-Dharwad, , – Homevior Read More »

File photo NEW DELHI: Residents from Sector B, Pocket 1, Vasant Kunj, marched in protest on Wednesday evening against the upcoming housing project in the middle of the pocket. We filed a writ petition last month on the issue and the first hearing took place on Aug 16. The court asked the departments concerned to …

VK residents protest against new housing complex in Sector B, – Homevior Read More »

File photo The Bruhat Bengaluru Mahanagara Palike has released a list of the top 100 property tax defaulters, highlighting major institutions, including hotels, malls, educational institutions, and builders, with outstanding taxes amounting to crores. Notable defaulters on the list include Bengaluru Metropolitan Transport Corporation, Karnataka State Road Transport Corporation, Bengaluru Metropolitan Rail Corporation Limited, the …

Bengaluru civic body releases list of top 100 property tax defaulters, – Homevior Read More »

File photo MUMBAI: Godrej Enterprises Group (GEG) is looking to infuse about Rs 4,000 crore into its businesses as it aims to streamline 14 verticals besides unlocking value, especially in its vast real estate holdings, said executive director Nyrika Holkar in her first interview since the Godrej group realignment in April. “We are now focused …

Godrej Enterprises exploring ways to make its landholdings in Mumbai value accretive, – Homevior Read More »

GDANSK: German landlord Aroundtown raised the annual forecast for its key profitability metric on Wednesday, as it became the latest company to flag stabilising property valuations amid Germany’s worst real estate crisis in decades. After a boom driven by low interest rates, the German property sector was hit hard by soaring inflation and higher borrowing …

Aroundtown’s loss narrows to $481.5 million in Q2 2024, – Homevior Read More »

AYODHYA | LUCKNOW: The circle rate of key locations in the temple town of Ayodhya could see a 200% rise, said officials. Taking note of the property rates that have gone through the roof following massive construction activity in and around the city leading to the Ram temple consecration ceremony this January, the district collector …

Circle rates of key Ayodhya locations likely to see 200% rise, – Homevior Read More »

BENGALURU: Once the absolute sale deed has been duly executed and stamped, the agreement of sale should no longer be independently subjected to stamp duty as it has merged into the absolute sale deed, the high court observed in a recent judgment. Justice Sachin Shankar Magadum made this observation, while dealing with a petition, challenging …

Can’t slap stamp duty on sale agreement when deed is executed: Karnataka HC, – Homevior Read More »

File photo MUMBAI: BMC can levy water tax and water benefit tax, which are part of property tax bill, even if no water is actually consumed by a premises’ owner/occupier, a larger bench of Bombay HC has ruled. However, if water charges are already levied for water actually consumed, the civic body cannot charge water …

BMC can levy water tax even if premises lie unused: Bombay HC, – Homevior Read More »

Representative image STOCKHOLM: Debt-laden Swedish property group SBB forecast an improving market on Wednesday, despite reporting a loss for the ninth quarter in a row amid an ongoing restructuring. SBB was one of several European real estate groups forced to cut debt and restructure amid high interest rates and weak economies in recent years, with …

Sweden’s SBB posts $343.79 million loss in Q2 2024, , – Homevior Read More »

Representative image Karnataka will be implementing the new ‘Anywhere Registration’ system across all sub-registrar offices on September 2. Of the 257 sub-registrar offices across the state, residents will now be able to choose any office within their district’s jurisdiction for property registration at their convenience. This concept, originally introduced in Bengaluru in 2011, permitted property …

Karnataka government to implement ‘anywhere registration’ on September 2, – Homevior Read More »