File photo CHENNAI: The Greater Chennai Corporation (GCC) approved a 6% property tax hike on Friday despite vociferous protests and a walkout by councillors from AIADMK, VCK, CPI and CPI(M). The resolution passed by mayor R Priya in the council is expected to generate an additional 105 crore annually for the civic body, adding to …
Chennai civic body raises property tax by 6%, , – Homevior Read More »
Representative image GHAZIABAD: With GDA set to start acquiring land for its Harnandipuram township, it will soon prohibit the purchase and sale of land in the eight villages from where a total of 541.1 hectares will be acquired. GDA Board vetted the map of the township off the Hindon in Aug. The Authority has already …
Gda To Stop Outsiders From Buying Plots In 8 Villages Part Of Harnandipuram, – Homevior Read More »
Representative image NEW DELHI: Property Share Investment Trust has filed a draft document with Sebi to launch its Small and Medium Real Estate Investment Trust (SM-REIT) public issue to raise up to Rs 353 crore. Property Share Investment Trust (PSIT) — India’s first registered Small and Medium Real Estate Investment Trust — has filed the …
Representative image NOIDA: Noida Authority has requested the Enforcement Directorate (ED) to recover Rs 191.9 crore in dues from Hacienda Project Pvt Ltd (HPPL), the developer of Lotus 300 in Sector 107. The request, made by CEO Lokesh M, follows an order from the Allahabad high court and recent ED searches in which Rs 42 …
Representative image Top Chinese cities Shanghai and Shenzhen are planning to lift key remaining restrictions on home purchases to attract potential buyers and shore up their flagging real estate markets, four sources with knowledge of the matter said. The changes will allow people from other places in China to buy homes in the popular cities, …
Shanghai and Shenzhen to lift home purchase restrictions to boost market, – Homevior Read More »
Representative image INDORE: Indore district administration on Thursday demolished three houses to make way for the MOG Lines Re-densification Project. The affected families were allotted flats under the Pradhan Mantri Awas Yojana (PMAY) scheme at its multistoried apartments – ‘Girnar Parishar’ situated in Bada Bangarda. “The demolition was carried out as part of the ambitious …
Indore administration demolishes three houses for MOG lines project, – Homevior Read More »
Representative image HYDERABAD: The managing director of Goldfish Abode Private Limited was arrested by Cyberabad police’s Economic Offences Wing (EOW) on Thursday for allegedly cheating customers who bought villas in one of his projects. Police said that V Chandrasekhar was arrested based on a complaint by Vikranth Reddy, secretary of Zresta Villas Owners MMACS Ltd. …
Goldfish Abode MD Arrested for Rs 7 Crore Villa Fraud in Hyderabad, – Homevior Read More »
Representative image HONG KONG: Hong Kong property behemoth New World Development announced Thursday that its chief executive officer Adrian Cheng has been replaced, as the firm reported an annual loss of over US$2.5 billion. The move has shaken up the sprawling business empire run by Hong Kong’s third-richest family at a time when the Chinese …
Hong Kong’s New World Development replaces CEO Adrian Cheng, , – Homevior Read More »
Representative image HYDERABAD: In light of Hyderabad Disaster Response and Asset Monitoring and Protection Agency (HYDRAA) demolishing buildings situated on lake full tank level (FTL) and buffer zones, banks are now exercising caution in their house loan approval processes. According to sources, many banks have now instructed their loan sanctioning teams to be extra vigilant …
Banks Exercise Caution on Home Loans Following HYDRAA Demolitions, – Homevior Read More »
Representative image Australia’s REA Group on Friday sweetened its takeover offer for British real estate firm Rightmove and valued it at 6.2 billion pounds ($8.29 billion) after the UK firm rejected three of its buyout offers previously. The new proposal from REA, a property listing firm, comprises of an offer price of 775 pence apiece, …
