Representative Image LOS ANGELES: The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May. The rate rose to 6.95% from 6.86% last week, mortgage buyer Freddie Mac said Wednesday. A year ago, the rate averaged 6.81%. The uptick follows a …
Average mortgage rate in USA rise to 6.95% in July 2024, – Homevior Read More »
Representative Image NEW DELHI: Indian real estate market remained buoyant in January-June this year, with housing sales hitting an 11-year high at 1.73 lakh units and office demand at a record 34.7 million square feet across eight major cities, according to Knight Frank. On an annual basis, housing sales rose 11 per cent to 1,73,241 …
Housing sales rise by 11% in first half of 2024: Knight Frank, – Homevior Read More »
Representative Image GURUGRAM: The state govt has announced infrastructure upgrade in all sectors and colonies, and allowed release of Rs 1,179 crore under infrastructure augmentation charges (IAC), which was earlier collected by DTCP, HSVP, HSIIDC and ULB department against approval of stilt-plus-four floor plans. Residents, who have been opposing four-floor buildings, claimed their biggest concern …
Representative Image NOIDA: After the Supreme Court’s order, Noida Authority has approved layouts of all Unitech projects in the city. The court had originally directed Noida Authority to grant approvals for revised layout plans on the entire land allotted to Unitech without insisting on recovery of its dues, which amount to nearly Rs 11,000 crore. …
Noida Authority Approves Revised Layouts for All Unitech Projects, – Homevior Read More »
Representative Image MUMBAI: The National Company Law Tribunal (NCLT) has dismissed the applications of a housing society seeking to exclude its land from the Corporate Insolvency Resolution Process (CIRP) of realty developer Housing Development and Infrastructure Ltd. (HDIL). Tagore Park CHSL, the housing society in Mumbai’s Malad suburb, had sought various reliefs, including the exclusion …
Representative Image STOCKHOLM, – Ratings agency S&P lowered on Wednesday its credit rating on Swedish real estate group SBB , which is fighting to cut massive debt in the face of high borrowing costs and weak markets, to “selective default”. SBB is at the centre of a Swedish property market bubble that began to unravel …
S&P cuts Sweden’s SBB rating to selective default, , – Homevior Read More »
Representative Image CHENNAI: Global IT service provider, Capgemini would set up a new state-of-the-art facility in the city and has committed investment of Rs 1,000 crore spread over the next 3 years. The construction for the 5,000-seat facility, spread across six lakh sq ft is scheduled to be completed by April 2027. It would promote …
Capgemini to invest Rs 1,000 crore to set up six lakh sq ft space in Chennai, – Homevior Read More »
Representative Image BENGALURU: BBMP is making earnest efforts to mop up property tax, but the results are not encouraging. Data accessed by TOI says property tax collected by the civic body between April 1 and June 29 this year is 28% short of what the civic body had mobilised during the same period last year. …
BBMP collects property tax worth Rs 1,646 crore in April-June 2024, – Homevior Read More »
Representative Image MUMBAI: As the assembly election approaches, the state govt has begun showering largesse on the people. In the city, one of the largest cluster of old and dilapidated buildings, the city’s erstwhile red light area of Kamathipura, has got a major push for cluster redevelopment. On Tuesday, the state housing department issued a …
Maharashtra issues government resolution for Kamathipura redevelopment, – Homevior Read More »
NASHIK: The Nashik Municipal Corporation (NMC) is likely to approve various developmental works, worth Rs 400 crore proposed in the current financial year’s budget within the next one or two months, with an eye on the assembly polls expected to take place in October this year. The civic body’s various departments, including public works, health, …
Nashik civic body to approve development related projects worth Rs 400 crore, – Homevior Read More »
