Representative Image Mahindra & Mahindra (M&M) has sold over 20.5-acre land parcel in Akurli area of Mumbai’s western suburb Kandivali for Rs 210 crore to a Pune-based company Rucha Group’s real estate development entity Blueprintify Properties. Interestingly, the company has sold the property for less than its ready reckoner value or over Rs 223.58 crore. …
GHAZIABAD: Plots in Vasundhara and Siddharth Vihar are set to get dearer as the UP Housing Boarding recently increased the circle rates for the two townships under its jurisdiction by nearly 10% to 15% for the current financial year. Nabendra Bahadur, an estate manager of the housing board, told TOI the market rates for plots …
File Photo NEW DELHI: A house is a house, and it cannot be an asset. It is meant for living and is different from shares and other assets, said Sanjay Malhotra, revenue secretary, Ministry of Finance on the revocation of indexation benefit from the real estate assets. In the Budget 2024, finance minister Nirmala Sitharaman …
Revenue secretary on indexation benefits, – Homevior Read More »
LUCKNOW: Amid protest in the Assembly, govt on Wednesday managed to get the Nazul Property (Management and Use for Public Purpose), Bill 2024 passed. It envisages vesting of all nazul property, given on lease to individuals or organisations, back with govt, albeit with certain riders. The Bill was tabled by parliamentary affairs minister Suresh Khanna …
Bill to vest nazul property back with govt after lease ends, , – Homevior Read More »
Representative Image NOIDA: YEIDA is set to launch a new scheme this week, offering 19 group housing plots ranging from 16,188 sqm (2.8 acres) to 48,564 sqm (12 acres). These plots will be located in the residential sectors of 17, 18, and 22D, strategically positioned to meet the growing housing demand driven by the upcoming …
YEIDA to Offer 19 Plots for Group Housing Near Noida Airport, , – Homevior Read More »
HONG KONG: Embattled Chinese property developer Shimao Group said on Wednesday a Hong Kong court had adjourned until Aug. 12 a liquidation hearing against the company, allowing it more time to work with creditors on a revised restructuring proposal. Many Chinese property developers are facing liquidation lawsuits by creditors since the sector slipped into a …
Hong Kong court adjourns Shimao Group’s liquidation petition until August 12, – Homevior Read More »
CapitaLand India Trust Management Pte. Ltd., the Trustee-Manager of CLINT reported an 8% year-on-year (y-o-y) growth in distribution per unit (DPU) to 3.64 Singapore cents, and an 18% increase for the first half of 2024 over 2H FY 2023. Total property income and net property income for the period grew by 23% and 21% y-o-y …
BEIJING: China’s central city of Zhengzhou on Wednesday removed restrictions on ceiling and floor prices for new home sales, a notice by the city’s housing regulator said. The move could lead to further falls in house prices, putting pressure on homeowners and China’s weak property sector. “The housing regulator no longer guides the sales price …
China’s Zhengzhou city allows developers to sell new homes at reduced prices, – Homevior Read More »
MUMBAI: Mhada’s Mumbai board on Tuesday granted offer letters to 158 eligible applicants from the master list of old cessed buildings who had won through a computerised lottery held on Dec 28, 2023. State housing and OBC welfare minister Atul Save, who distributed the letters, announced the waiver of the NOC fee of Rs 70,500 …
GHAZIABAD: The circle rate in the city is likely to increase by 20% for residential and commercial properties next month. A proposal is being prepared by the stamp and registry department following a survey and will be placed before the district magistrate for approval. A higher circle rate means those buying houses will have to …
Ghaziabad Circle Rate to Increase by 20% in First Revision in 2 Years, – Homevior Read More »
