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SC stays NCLAT order asking NBCC to build stalled Supertech homes, – Homevior

NEW DELHI: The Supreme Court on Friday stayed an order appointing state-owned NBCC as the project management consultant to complete debt-ridden realty firm Supertech Ltd’s 16 housing projects at nearly Rs 9,500 crore cost. A bench comprising Chief Justice Sanjiv Khanna and Justices Sanjay Kumar and K V Viswanathan heard two appeals against the NCLAT …

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Speculators out, end-users back to stabilise home prices in Hyderabad, – Homevior

HYDERABAD: The peaking home prices in Hyderabad are finally expected to hit pause in 2025. And it is thanks to the city reverting to being an end-user market, not driven by investors, say industry pundits. Their prediction: A stable rate card for apartments, especially those set to be completed in the next 6 to 12 …

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Lower prices attract real estate investors to Rome, , – Homevior

representative image ROME: Having made property investments in Milan, Italian architect Giuseppe Pezzano is now looking for a place in Rome to set up a second home and studio, as the Italian capital’s underdeveloped real estate sector draws fresh attention. Pezzano’s property hunt highlights a wider shift that has put Rome in the sights of …

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CapitaLand India Trust to invest Rs 1,000 crore in MAIA Estates’ project in Bengaluru, – Homevior

NEW DELHI: CapitaLand India Trust (CLINT) has entered into a forward purchase agreement with MAIA Estates Offices, an affiliate of MAIA Group, to acquire an office project – The Beacon situated at Nagawara, Outer Ring Road (ORR), Bengaluru. Net profit from the acquisition is forecasted to be approximately S$7.7 million, on a stabilised basis, while …

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Mangaluru civic body launch e-khata drive for unauthorised properties, – Homevior

MANGALURU: Mangaluru City Corporation (MCC) launched a drive to issue e-khatas for unauthorised properties in the city. Within MCC limits, the facility to issue e-khata using e-property software was implemented in 2022. As many as 39,000 e-khatas were already created and distributed to property owners. So far, e-khatas were issued only for officially recognised properties …

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Ahmedabad civic body forms new waste management rules for large residential colonies, – Homevior

representative image AHMEDABAD: If you live in a large residential colony, this may interest you. New rules, expected to come into effect this Oct, aim at active participation from larger housing societies and commercial complexes in solid waste management. This means Ahmedabad Municipal Corporation (AMC) will not collect waste from these premises. According to the …

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Casagrand Millenia acquires 1.18 hectare land in Pune for Rs 126 crore, – Homevior

Representative Image NEW DELHI: Casagrand Millenia has acquired 1.18 hectare (14,113 square yards) land parcel from Krishna Realtors Skyscraper LLP in Wagholi, Pune, for Rs 126.04 crore. The transaction incurred a stamp duty of Rs 8.82 crore and a registration fee of Rs 30,000, according to the Inspector General of Registration (IGR) documents reviewed by …

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Telangana HC raps Hydraa’s ‘unilateral’ demolitions, , – Homevior

HYDERABAD: Justice K Lakshman of the Telangana high court on Thursday made it clear that the court would not condone weekend demolitions, sharply criticising Hydraa inspector Rajasekhar for executing sudden demolitions without due process. The court was hearing a petition filed by Alagiri Praveen of Muthangi village in the Patancheru area, which falls under Tellapur …

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Ahmedabad civic body seals 2,829 properties of defaulters, – Homevior

Representative image AHMEDABAD : The Ahmedabad Municipal Corporation (AMC) conducted a massive sealing operation against property tax defaulters on Tuesday, taking action against 2,829 property owners across the city. The civic body also issued directives to disconnect water and sewerage services in several areas. The property tax department’s north-west zone officials sealed 536 properties, while …

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Singapore Land & China Jinmao Holdings’ joint venture to develop residential project in Shanghai, – Homevior

representative image BENGALURU: A joint venture between Singapore Land, UOL Group among others and China Jinmao Holdings has won the bid for the development of a residential site in Shanghai, the Singapore-listed companies said on Thursday. The parties won the bid from the Shanghai Municipal Bureau of Planning and Natural Resources for a tender price …

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