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REA Group ends takeover pursuit after multiple rejections from Britain’s Rightmove, – Homevior

Representative image Rightmove’s shares dropped 8% on Monday after Rupert Murdoch’s REA Group ended its $8.29 billion takeover pursuit following a fourth bid rejection from the British real estate portal. Australian property listing firm REA’s decision to walk away from making a formal offer for Rightmove ahead of a 1600 GMT deadline capped a month-long …

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Goa government approves amendment disallowing change in use of comunidade land, – Homevior

Representative image PANAJI: State cabinet on Monday approved the ‘Goa Legislative Diploma No. 2070 dated 15-4-1961 (Amendment) Ordinance 2024’, which is aimed at preventing the utilisation of comunidade land for any objective apart from the one for which it has been allotted. CM Pramod Sawant said that there have been several instances where land granted, …

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Rising land costs, approval delays hit new project launches and property sales, – Homevior

Representative image BENGALURU: Land acquisition challenges and rising land prices are weighing on new project launches and property sales in India. Also, delays in securing approvals, particularly for converting farm land for development, are stretching project starting timelines to 10-14 months or more compared to up to six months previously. Tier I cities such as …

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Kanakia Spaces acquires 3.3 acre redevelopment projects in Mumbai’s Borivali, – Homevior

Representative image Realty developer Kanakia Spaces has entered into two separate agreements to undertake redevelopment of two large housing societies spread over a 3.3-acre land parcel in Mumbai’s western suburb Borivali with an investment of over Rs 1,100 crore, said persons with direct knowledge of the development. These projects hold development potential of over 1.2 …

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Stamp Duty Must For Builder-buyer Deals For All New Yeida Projects, – Homevior

Representative image NOIDA: The Yamuna Expressway Industrial Development Authority (YEIDA) has mandated that builder-buyer agreements for group housing projects will only be considered valid if stamp duty is paid. This requirement, already outlined in UP-Rera rules, ensures that buyers have valid proof of their flat registration and corresponding stamp duty payment at the time of …

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ED arrests Sahiti Infratec’s MD in Rs 360 crore fraud case, – Homevior

Representative image HYDERABAD: The Enforcement Directorate Monday said it has arrested the managing director of a Telangana-based real estate company in a money laundering probe linked to alleged duping of hundreds of homebuyers to the tune of Rs 360 crore. Boodati Lakshminarayan of Sahiti Infratec Ventures India Pvt. Ltd. (SIVIPL) was taken into custody on …

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Canada’s housing affordability crisis may persist for years despite rate cuts, – Homevior

Representative image OTTAWA: Buying a house may remain out of reach for many Canadians for the foreseeable future, with mortgage costs unlikely to fall enough to offset lofty home prices and weak spending power, economists and real estate agents say. Even with expectations that Bank of Canada will keep cutting rates in the coming months, …

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Cm Assures To Make Cidco Houses Freehold In Nashik, , – Homevior

Representative image NASHIK: Chief minister Eknath Shinde has assured of freehold status for all houses of the City and Industrial Development Corporation of Maharashtra (Cidco) in Nashik city. The CM also instructed CIDCO chairman Sanjay Shirsat to prepare the relevant proposal and get it approved. Shinde’s assurances came while he was addressing a gathering at …

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Architects and interior designers converged at DesignScape 2024, – Homevior

Sr. No. Sub-Category Company Name Project/ Individual 1 Architectural Project – Private Residences ( 4site architects Brick Weave House 2 Architectural Project – Private Residences (1501 – 4500 sq. ft.) Art & Architecture Associates The Earth House 3 Architectural Project – Private Residences (4501+ sq. ft.) Shibanee+Kamal Architects LLP ‘Green-roof Walk’ home 4 Best Redevelopment …

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