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Representative image MUMBAI: Four persons, including two former Maharashtra government employees, have been arrested for allegedly tampering with property records to convert plots in the coastal regulation zone (CRZ) and no development zone (NDZ) for construction along Mumbai’s coastline, an official said on Monday. The accused were arrested last week by a special investigation team …

Four held for tampering with records of plots along Mumbai coastline, – Homevior Read More »

Representative image NEW DELHI: Housing sales rose 7 per cent annually in 2024 across eight major cities to reach 12-year high at 3,50,613 units on better demand for premium homes amid stable mortgage rates and strong economic growth, according to Knight Frank. Last month, real estate consultant Anarock, however, had reported that housing sales declined …

Housing sales up 7% at over 3.5 lakh units across eight cities in 2024: Knight Frank, – Homevior Read More »

Representative image TORONTO: Greater Toronto Area home sales tumbled to a five-month low in December, rounding out a subdued 2024 for the market as historically elevated borrowing costs kept sales in check for much of the year, data released on Tuesday showed. Seasonally adjusted sales fell 18.7% in December from November to 5,359 units, marking …

Home sales in Toronto drop 18.7% in December 2024, – Homevior Read More »

Representative image HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) has imposed a penalty of 8.3 lakh on a city-based builder for collecting booking amount prior to obtaining RERA registration. The authority also directed the builder to reimburse two complainants 2 lakh within 30 days. Complainants D Shruti and D Shravya had alleged they …

Telangana RERA imposes Rs 8.3 lakh penalty on Hyderabad-based builder, – Homevior Read More »

Representative image HYDERABAD: The Telangana Real Estate Regulatory Authority (TG RERA) has imposed a penalty of 8.3 lakh on a city-based builder for collecting booking amount prior to obtaining RERA registration. The authority also directed the builder to reimburse two complainants 2 lakh within 30 days. Complainants D Shruti and D Shravya had alleged they …

Telangana RERA imposes Rs 8.3 lakh penalty on Hyderabad-based builder, – Homevior Read More »

Representative image MUMBAI: State housing agency Mhada on Monday introduced an amnesty scheme to help housing societies obtain long pending occupancy certificates (OC) for redeveloped buildings. This scheme will benefit around 80 housing societies and will operate till April 10, 2025. “Many housing societies were unable to pay the premium differential amount for redevelopment, which …

Mhada introduces amnesty scheme for OCs of redevelopment buildings, – Homevior Read More »

Representative image BENGALURU: Karnataka chief minister Siddaramaiah Monday called for measures to bring approximately 1.35 crore properties in the state into the tax net. During a review meeting on the revenue performance of the stamps and registration department, the CM emphasised the importance of sanitizing the property registration records based on fake documents. This move …

Bring 1.35 crore khata-less properties into tax net: Karnataka CM, – Homevior Read More »

Representative image Motilal Oswal Alternates (MO Alts), the alternative investments arm of Motilal Oswal Financial Services, has raised over Rs 1,750 crore for its sixth real estate fund India Realty Excellence Fund VI (IREF VI) to focus on investments across top eight cities of India. MO Alts has committed around Rs 1,300 crore to developers …

Motilal Oswal Alternates raises over Rs 1,750 crore for its sixth real estate fund, – Homevior Read More »

Representative image GURUGRAM: The district town planner-enforcement (DTPE) of the department of town and country planning has initiated action to seal 150 illegally constructed flats in Palam Vihar’s C-2 Block. DTPE Amit Madholia has sought police deployment and the appointment of a duty magistrate to oversee the sealing operation. These flats, spread across 10 residential …

DTPE to seal 150 illegally constructed flats in Palam Vihar, – Homevior Read More »

Representative image CHHATRAPATI SAMBHAJINAGAR: While the city’s civic body extended the 50% concession in betterment charges towards regularisation of gunthewari properties until March, several residents owning such properties have demanded modification in the regularisation formula. Smita Awachar, a resident, said a concession in betterment charges alone would alone help the property owners. “Besides betterment charges, …

Property owners of Gunthewari seek tax revision amid concession concerns, – Homevior Read More »