Representative Image NOIDA: The Greater Noida Authority has launched a new scheme for allocation of five builder plots, expecting a minimum revenue of Rs 500 crore and construction of 8,000 new flats in the city. The allocation will be done through e auction with the online registration for the process commencing from Tuesday, it said …
Representative Image WASHINGTON: U.S. construction spending unexpectedly fell in May as higher mortgage rates depressed single-family homebuilding, and recovery is likely to be muted by improving housing supply. The Commerce Department’s Census Bureau said on Monday that construction spending dipped 0.1% after an upwardly revised 0.3% increase in April. Economists polled by Reuters had forecast …
Construction spending falls by 0.1% in USA in May 2024, , – Homevior Read More »
NEW DELHI: Recent regulations issued by the Securities and Exchange Board of India (SEBI) for small and medium real estate investment trusts (SM REITs) are likely to drive investor interest towards fractional ownership of real estate assets, according to Crisil Ratings. By enabling strong investor protection, these regulations are expected to broaden investor base. Prudent …
Small and medium REITs to broaden realty investor base: Crisil, – Homevior Read More »
Representative Image HONG KONG: Shares in Hong Kong-listed Chinese property companies surged on Tuesday, after private data showed yearly sales declines for major Chinese property developers continued to narrow in June. The Hang Seng Mainland Properties Index was up 3.5% by noon, after jumping as much as 4.8% earlier in the session. Private developers Longfor …
Shares of property firms surge as sales decline narrows for big developers, – Homevior Read More »
Representative Image THANE: The Thane municipal corporation, Monday, undertook a major demolition drive on illegal constructions and extensions made by popular hotels and resorts in Yeour following complaints from the Indian Air Force and local tribal population of nuisance caused by visitors at night, officials informed. The collective area where these illegal extensions including temporary …
Thane civic body razes illegal constructions in demolition drive, – Homevior Read More »
Representative Image NEW DELHI: The second phase of Pradhan Mantri Awas Yojana(Urban) will soon be launched and the allocation for the scheme is likely to be made in the Union budget next month, officials said on Tuesday. An official in the Union Housing and Urban Affairs Ministry said modalities of the PMAY-U 2.0 are currently …
PMAY-Urban’s second phase to build one crore houses to be launched soon, – Homevior Read More »
Representative Image KOLKATA: The West Bengal government announced the withdrawal of the temporary relief measures provided to the real estate sector that included a two per cent reduction in stamp duty and a 10 per cent slash in the circle rate, effective from Monday. These benefits were introduced on October 30, 2021, to combat the …
West Bengal government withdraws 2% stamp duty & 10% circle rate cut, – Homevior Read More »
Representative Image CHENNAI: Owning a home in the city will get pricier. Govt has increased guideline values for land by upto 10% in the city and a few old corporations, effective July 1, reverting to March 2023 values, but with a slight increase in some areas. The guideline value per square foot on Alandur Road, …
Government increases guideline value by upto 10% in Chennai, – Homevior Read More »
Representative Image MUMBAI: ICICI Prudential Asset Management Company has acquired an entire commercial tower in Mumbai’s western suburb Santacruz for over Rs 315 crore from realty developer Kalpataru’s subsidiary Ixora Properties. The newly acquired tower, built on one-third of an acre, is likely to house the asset management company’s new head office. The office building, …
File Photo HYDERABAD: Telangana and Andhra Pradesh are heading for a battle of sorts claiming ownership over institutions and buildings after Hyderabad ceased to be the common capital. Days after June 2 when Telangana was gearing up to take over buildings that were in possession of AP, the neighbouring state is now demanding its share …
