Representative Image NOIDA: The Noida Authority is planning to reclaim 13 acres of a 24-acre area in Sector 144 that was allotted to the Unitech Group for residential projects in 2011, but no work was initiated on it in all these years. Officials said on Tuesday that this plot is not part of an ongoing …
No projects launched, Noida authority plans to reclaim 13 acres from Unitech, – Homevior Read More »
Representative image PUNE: Owners of around 2 lakh properties have not submitted PT3 forms (mandatory self-occupancy affidavits) for availing 40% tax discount despite repeated extension of the deadline for the same, a PMC official said. Only owners of 2.5 lakh of 4.5 lakh properties, liable for submission of the forms, have done so, the official …
Around two lakh property owners in Pune fail to claim 40% tax discount, – Homevior Read More »
Representative image NEW DELHI: Keystone Realtors will step up investment on construction of residential projects this fiscal to Rs 800-900 crore as part of its strategy to ramp up execution capabilities. Keystone Realtors, which sells its properties under Rustomjee brand, is one of the leading real estate developers in the country with a significant presence …
Representative image MUMBAI: In a significant ruling, the Mumbai bench of the Income-tax Appellate Tribunal (ITAT) has clarified that tax benefits for investing in a residential property can be claimed even if the investment originates from the sale of a depreciated asset, such as an office unit. Tax laws, often complex, come into sharp focus …
File photo GURGAON: It has been five years since South City 1 was handed over to MCG, yet residents are struggling with flaws in basic civic amenities. Residents on Tuesday staged a protest against MCG, alleging it’s turning a blind eye to the civic woes in the society. Roads, many of which are in a …
NEW DELHI: The Competition Commission of India (CCI) on Tuesday approved the proposed Rs 4,630-crore deal, wherein private equity major Warburg Pincus will acquire Shriram Finance’s arm Shriram Housing Finance. “The proposed combination envisages inter alia the acquisition of shareholding in Shriram Housing Finance Ltd by Mango Crest Investment Ltd,” CCI said in a release. …
File Photo GURUGRAM: The Central Building Research Institute (CBRI) has declared Tower C of Chintels Paradiso unsafe for habitation, following a structural analysis. This is the seventh tower in the condominium of nine towers – where a vertical collapse of living rooms killed two residents in Feb 2022 – to be declared unfit. CBRI’s findings …
Chintels Paradiso tower C declared unsafe, , – Homevior Read More »
Representative image. MUMBAI: The National Company Law Tribunal (NCLT) has protected the rights of realty developer Housing Development & Infrastructure Ltd (HDIL) over a key property covering a 73-acre site in Hyderabad’s Shamshiguda village that was intended for a joint development by the company. HDIL was admitted into the corporate insolvency resolution process (CIRP) in …
NCLT affirms HDIL rights over Hyderabad property, , – Homevior Read More »
Representative image SYDNEY: Australia property giant Dexus said its annual net loss more than doubled and flagged lower-than expected figures for a key earnings metric next year, sending its shares tumbling. The results underline how Australia’s commercial property market has struggled to regain momentum after the pandemic emptied offices across major cities. Current high interest …
Australia’s Dexus reports annual loss of $1.5 billion in FY24, – Homevior Read More »
BENGALURU: Embattled property developer Sunac China on Tuesday forecast a half-year loss attributable to its shareholders of 15 billion yuan ($2.10 billion) due to a housing market downturn. China’s property sector, a cornerstone of the country’s economy, has been in a rough spell since 2021 as a regulatory drive on developers using excessive leverage caused …
Sunac China warns of $2 billion half-year loss on property market downturn, – Homevior Read More »
