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Representative Image FRANKFURT: Building permits for apartments in Germany fell 24% in May from a year earlier, Statistics Office data showed on Thursday, highlighting a continued downturn in demand in the construction and real estate industry. Germany’s property sector, in its third year of decline, is undergoing its most severe slump in decades. Permits are …

Building permits for apartments in Germany fall by 24% in May 2024, – Homevior Read More »

File photo MUMBAI: Observing that their conduct has put the entire redevelopment at risk, Bombay high court recently directed seven members of a housing society to pay Rs 5 lakh in all in costs if they do not vacate their flats in a building at Chakala, Andheri (East), within two weeks. “The docket of this …

Bombay HC orders seven members in way of society redevelopment to vacate or pay Rs 5 lakh, – Homevior Read More »

Representative Image SEOUL: South Korea’s finance minister on Thursday vowed to take policy steps to stabilise the real estate market, as house prices are rising in the area of the capital Seoul. “Volatility is increasing in the real estate market recently, with apartment prices rising more sharply in Seoul and the wider capital area,” Finance …

South Korea’s finance minister vows to take policy steps to stabilize rising house prices, – Homevior Read More »

File Photo NEW DELHI: In the next phase of PM Awas Yojna (PMAY) in urban areas, govt is looking to slash the income threshold for middle-income group beneficiaries from Rs 18 lakh to Rs 10 lakh to target it better, while also spreading the disbursement of the subsidy over five years, instead of one-shot payment, …

Government may reduce income cap for PMAY homes in urban areas, – Homevior Read More »

File Photo NEW DELHI: In a relief to many homebuyers who booked flats under the subvention plan and have not received possession of their flats in various projects across the NCR due to inordinate delays by developers, the Supreme Court has directed that no coercive action be taken against them by banks or builders regarding …

SC orders no coercive action to be taken against NCR homebuyers, – Homevior Read More »

Representative Image MUMBAI: The blueprint for the city’s most ambitious redevelopment is ready, but planners are still grappling with the practical difficulties of finding space to relocate an estimated one lakh-plus households based in Dharavi as tenants in slum settlements. The Dharavi Redevelopment Project Ltd (DRPPL), a 80:20 joint venture between the Adani group and …

540 acres of suburban land identified for relocating Dharavi’s ‘ineligible’ residents, – Homevior Read More »

Representative Image HONG KONG: Hong Kong saw record home purchases by mainland Chinese buyers in the first six months after the financial hub removed all buying curbs, major realtor Centaline Property Agency said, with their transaction value accounting for 31% of the total. In late February, Hong Kong removed all additional stamp duties for foreign …

Centaline Property Agency, – Homevior Read More »

OTTAWA: With many Canadian homeowners facing a sharp rise in mortgage payments, many of them have decided to bail, resulting in the highest number of Toronto housing units for sale in more than a decade and signaling a big drop in prices in the coming months. In Toronto, a city where two-thirds of the country’s …

Supply in Canada’s property market surges as mortgage renewals loom, – Homevior Read More »

Representative Image NEW DELHI: Realtors’ body NAREDCO on Tuesday suggested that the tax exemption on interest on self-occupied property loans should be increased to Rs 5 lakh in the upcoming budget from Rs 2 lakh currently to boost housing demand amid a rise in housing prices and mortgage rates. Builders also sought some tax incentives …

NAREDCO pitches for raising tax exemption limit on home loan interest to Rs 5 lakh, – Homevior Read More »