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Representative Image CHANDIGARH: The State Consumer Disputes Redressal Commission has directed the Omaxe Chandigarh Extension Developers Private Limited to pay a compensation of Rs 1.10 lakh to Naresh Garg, a Sector 24-D resident, for failing to deliver the possession of an apartment in the firm’s ‘The Lake’ project at Mullanpur in SAS district. The State …

Builder directed to pay homebuyer ₹1.1L for possession delay, – Homevior Read More »

Representative Image Asking prices for British homes coming to the market fell this month, with signs that some buyers are waiting for the Bank of England to cut interest rates, a survey from property website Rightmove showed on Monday. The company said the average asking price was 373,493 pounds ($484,943) for property put on sale …

Asking prices for home in UK falls by 0.4% in June 2024: Rightmove, – Homevior Read More »

Representative Image BEIJING: China’s new home prices fell at the fastest pace in nine years in June, official data showed on Monday, with the battered sector struggling to find a bottom despite government support measures to control oversupply and bolster confidence. New home prices were down 4.5% from a year earlier, hitting the lowest since …

New home prices in China fall by 4.5% in June 2024, , – Homevior Read More »

Representative Image NEW DELHI: Markets regulator Sebi will auction 19 properties belonging to seven companies including, Mangalam Agro Products, Sun Plant Business Ltd and Sumangal Industries on August 12, according to a notice. The move is part of Sebi’s efforts to recover money illegally collected by these companies from investors. Sunheaven Agro India, Ravi Kiran …

Sebi to auction 19 properties of seven companies on August 12, – Homevior Read More »

Representative Image BENGALURU: A handful of site allottees of Nadaprabhu Kempegowda Layout (NPKL) who have dared to build their dream houses in the locality have literally been under house arrest over the past few days. With the recent rain having turned the half-done roads into slushy stretches, they fear slipping and skidding as some of …

Allottees facing challenges in Nadaprabhu Kempegowda Layout, – Homevior Read More »

Representative Image BENGALURU: Amid growing uncertainty over a lack of clear legal framework pertaining to the title, ownership and maintenance of group-housing residential properties, flat owners have demanded that the state govt implement a clearer law to address their concerns. Flat owners’ associations have highlighted that in the absence of proper laws, builders aren’t transferring …

Flat Buyers Push for Ownership Rights Law in Bengaluru, – Homevior Read More »

Representative Image HYDERABAD: The state govt’s ambitious plan to rejuvenate and beautify Musi riverfront has hit a roadblock. As many as 12,000 buildings and 200 open land parcels apart from thousands of encroachments stand in the way of the beautification project. The structures, including big apartment complexes, gated communities and independent houses, have come up …

Musi River Beautification Project Faces Obstacle with 12,000 Buildings, – Homevior Read More »

Representative Image NOIDA: The Noida Authority announced a significant six per cent increase in land allotment prices for the financial year 2024-25 following its 214th board meeting on Friday. The decision is set to impact the rates for group housing, institutional and industrial sectors. The meeting was chaired by UP Chief Secretary and Authority Chairperson …

Noida authority raises land allotment prices by 6% for FY25, , – Homevior Read More »

Representative Image NAGPUR: A month ago, a part of a dilapidated house in the Ganjipeth collapsed, causing a major commotion. A family was residing in the house at the time of the collapse. The incident brought the issue of dilapidated buildings in the city back to the fore. There are still approximately 199 dilapidated buildings …

Risk of Building Collapse in Nagpur Due to Dilapidated Structures, – Homevior Read More »

Representative Image CHANDIGARH: The Haryana Cabinet on Friday approved the ‘Mukhya Mantri Shehri Awas Yojana’ which seeks to provide affordable housing to the economically weaker sections (EWS) of society. Under this scheme, housing facilities will be extended to all poor families who either lack their own house in urban areas or currently reside in ‘kutcha …

Haryana cabinet approves scheme to provide affordable housing for EWS, – Homevior Read More »