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File photo NEW DELHI: Axis Ecorp has ventured into fractional ownership in partnership with Fraction Ownership Investment Community (FOIC) and Moneytree Realty. Under this collaboration, the company will offer its first lot of suites in North Goa. The company is planning to earn revenue of up to Rs 100 crore within the current financial year …

Axis Ecorp targets Rs 100 crore revenue from fractional ownership in FY25, – Homevior Read More »

Representative image NEW DELHI: Real estate firm Kalpataru Ltd has posted a consolidated net loss of Rs 100.74 crore during the last financial year on lower income. Last week, the company filed a preliminary document with capital markets regulator Sebi to launch its initial public offering (IPO) to raise up to Rs 1,590 crore, mainly …

Kalpataru reports net loss of Rs 100.74 crore in FY24, – Homevior Read More »

Representative Image BENGALURU: The Registrar of Cooperative Societies has replied to a homebuyers letter stating that it has nothing to do with the transfer of common area at a residential apartment complex to the homebuyers by the builder. This particular response from the Registrar of Cooperative Societies’ is suggesting that the state government is not …

Registrar of cooperative societies in Karnataka, – Homevior Read More »

Representative image SYDNEY: New Zealand house prices fell in July, the Real Estate Institute of New Zealand (REINZ) said on Tuesday, though increases in sales numbers and listing volumes pointed to a pickup in activity. Seasonally adjusted house prices fell by 1.4% in July versus the previous month, and 2.2% on the previous year. The …

REINZ report, , – Homevior Read More »

Representative Image The Shapoorji Pallonji Group has formed a new holding company, Shapoorji Pallonji Real Estate (SPRE), to consolidate its expansive real estate holdings spread across India’s key cities, and plans to monetise the assets by taking it public soon, said a top executive. The exercise is aimed at unlocking value, streamlining operations, and paving …

Shapoorji Pallonji Group consolidates its real estate holdings under SPRE, – Homevior Read More »

Representative image Australia’s Lendlease on Monday reported a wider annual loss as the real estate developer grappled with the impact of an operational strategy shift and delays in reviewing the sale of community projects. Lendlease, the country’s largest property developer, builder and real estate investor, is looking to retreat from its overseas construction business, freeing …

Australia’s Lendlease reports $1 billion loss in FY24, , – Homevior Read More »

Representative image MADURAI: Madurai corporation has suspended five bill collectors for their involvement in a property tax fraud that has resulted in a revenue loss of Rs 1 crore over the past two years. The officials in question were found guilty of illegally reducing property tax assessments for 150 buildings, leading to substantial financial losses …

Madurai civic body suspends five bill collectors for property tax fraud, – Homevior Read More »

Representative image KALYAN: A 10-storey building in Kalyan, Yusuf Height, illegally built on land earmarked for a garden and night shelter, will be razed by KDMC after monsoon. Recently, EOW of Thane police, lodged a complaint against the builder, Salman Dolare, his aide Faraz Hare, and two others for unlawfully construction on a reserved plot …

Kalyan-Dombivli civic body set to demolish 10-floor illegal building, – Homevior Read More »

File photo NEW DELHI: Sujeeta thought she had left all woes behind two years ago when she moved into a new flat on Tower A at Kalkaji. “Imagine being a mother of three kids and living on the seventh floor. Every single day for two years, I have had to haul the children all the …

Residents regret moving into Delhi’s in-situ rehabilitation towers, – Homevior Read More »

CHANDIGARH: To avoid sham transactions in transfer of properties, especially in cases where people are found to be alienating lands beyond their shares in land, the Punjab and Haryana high court has asked both Punjab and Haryana to inform the court if there is any software that can check such illegalities. “At this stage, the …

HC asks Punjab and Haryana for software to prevent sham realty transactions, – Homevior Read More »