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Representative Image BANGKOK: China’s central bank cut key interest rates in a surprise move Monday aimed at injecting new life into its ailing property sector, while the ruling Communist Party released details of a top-level meeting focused on strategies for revving up the slowing economy. The People’s Bank of China cut the five-year loan prime …

China’s central bank cuts interest rates to revive property sector, – Homevior Read More »

NEW DELHI: Real estate regulators in states and Union Territories have so far disposed of nearly 1.25 lakh consumer complaints against developers, according to the Economic Survey 2023-24. The Real Estate (Regulation & Development) Act, 2016, popularly known as RERA, was enacted to bring about much-needed reform in India’s real estate sector. The main objective …

RERA in states and UTs dispose of nearly 1.25 lakh consumer complaints, – Homevior Read More »

Representative Image MILAN: Proprium Capital Partners will invest $100 million in projects in Italy’s fast-growing student accommodation sector, the real estate private equity firm said on Monday. It will acquire and develop two purpose-built student accommodation (PBSA) projects to provide accommodation for more than 1,600 students in total in prime locations in the northern cities …

Italy’s Proprium Capital Partners to invest $100 million in student housing sector, – Homevior Read More »

Representative photo If is often seen that real estate companies become insolvent while its promoters remain wealthy. Some of these promoters and directors are also known to declare or make their entities bankrupt and embark on opening new companies under different names. The idea is to cheat homebuyers or avoid paying compensation to them for …

Aggrieved home-buyers must name promoters in complaint: Karnataka HC, – Homevior Read More »

Representative Image NOIDA: Over 150 residents of La Residentia Society in Greater Noida West took to the streets carrying buckets, mugs, kitchen utensils, brooms, sleeping pills and hand fans and bangles as they went on a protest on Sunday. They claimed that out of the 3,256 flats across 39 towers, possessions have only been given …

Over 150 residents protest against poor facilities in Noida’ La Residentia Society, – Homevior Read More »

GURUGRAM: The State Environment Impact Assessment Authority (SEIAA) has asked the Gurgaon deputy commissioner to carry out a comprehensive investigation and find out how environmental clearance was granted for Global City – a govt residential and commercial project slated to come up on 1,000 acres. The action followed a complaint by an environmentalist, who alleged …

SEIAA asks Gurugram DC to investigate environmental clearance granted for Global City, – Homevior Read More »

Representative Image NAVI MUMBAI: The City and Industrial Development Corporation (Cidco) has launched a grand scheme for leasing 48 plots in various nodes of Navi Mumbai for the construction of homes, bungalows, residential-cum-commercial complexes, service industries, and star hotels. In addition, 218 shops in various Cidco housing complexes are also on offer. While the online …

Cidco offers 48 plots across Navi Mumbai on lease for residential, industrial activities, – Homevior Read More »

Representative Image Suryoday Small Finance Bank has acquired office space in Navi Mumbai’s Nerul from Larsen & Toubro’s real estate development arm L&T Realty for Rs 100 crore. The office space spread over a total 12 units across three wings of one of the towers of commercial complex L&T Seawoods Grand Central has a total …

Suryoday Small Finance Bank buys office space in Navi Mumbai for Rs 100 crore, – Homevior Read More »

PANCHKULA: Panchkula Citizen Welfare Association is planning to file a public interest litigation in Punjab and Haryana high court against the state government’s policy to allow stilt-plus-four-floor constructions. Besides, it has joined hands with all welfare associations and the victims of this policy. CWA president S K Nayyar, while chairing a meet at Red Bishop …

Panchkula Citizens’ Body to Challenge S+4 Buildings Policy in High Court, – Homevior Read More »

MUMBAI: The city police’s Economic Offences Wing (EOW) has registered a case against two directors of a construction company for allegedly taking money from flat buyers, promising to deliver the flats by Dec 2023, but failing to keep the promise. The police have received complaints from 74 flat buyers who are said to have paid …

EOW registers case against Zeus Housing’s directors for cheating buyers of Rs 67 crore, – Homevior Read More »