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Representative image LUCKNOW: The urban development department recorded 33% increased revenue during the first half of this financial year compared to the previous one. Between Apr 1 and Sept 30 of 2023-24, UP’s civic bodies collected Rs 1,054 crore as revenue. In the present year, the collection in the same period increased to Rs 1,401 …

Urban Development Sees 33% Revenue Surge Amidst Greater Urbanization in UP, – Homevior Read More »

Representative image NOIDA: The Noida Authority a new commercial plot scheme, with eight plots covering a total area of over 1.6 lakh sqm in Sector 25A on offer. The plots collectively carry a reserve price of Rs 3,103 crore. Officials said these plots are designed for large-scale commercial projects and range in size from 17,645 …

Noida Unveils Rs 3,103 Crore Commercial Plot Scheme to Boost Development, – Homevior Read More »

Representative image SEOUL: The Telangana govt, which is proposing to develop a fourth city called Future City in the southern part of Hyderabad, will take a cue from the Incheon Free Economic Zone (IFEZ), which is divided into three regions. Launched in 2003, the IFEZ was designed to decongest Seoul and help increase economic activity …

A New Economic Hub, – Homevior Read More »

CHENNAI: Unlocking land potential through increased floor space index (FSI) and affordable processed land are essential to tackling Chennai’s housing and office space shortage, according to Anshul Mishra, member secretary of the Chennai Metropolitan Development Authority (CMDA). Speaking at Infra Next 2024 organized by CII Chennai Zone on Wednesday, Mishra emphasized that resolving key urban …

CMDA working on third master plan of Chennai, , – Homevior Read More »

Representative image NEW DELHI: Upscale residential colony Sunder Nagar in the national capital has witnessed a big-ticket deal with an around 900 square yard bungalow getting sold for nearly Rs 100 crore. According to market sources, a bungalow at Sunder Nagar, owned by Sunil and Ravi Sachdev, has been sold for around Rs 96 crore. …

900 sq yard-bungalow in Sunder Nagar sells for nearly Rs 100 crore, – Homevior Read More »

Representative image NOIDA: The stamps and registration department has submitted to the district magistrate a proposal to revise circle rates, which have remained the same for the past five years. The proposal aims at increasing the circle rate by 25-30% in residential areas, 10% in industrial, commercial and IT sectors, and 15% in case of …

Noida Prepares for Up to 30% Increase in Residential Circle Rates, – Homevior Read More »

File photo LUCKNOW: The mutation charges in state capital have been revised by the Lucknow Municipal Corporation (LMC) in the executive meeting held on Tuesday. The maximum mutation fee was fixed at Rs 15,000 that was currently 1% of the property’s value. For instance, for a property worth Rs 1 crore one has to pay …

A New Burden for Property Owners, – Homevior Read More »

Representative image CHANDIGARH: Directorate of Enforcement (ED), Gurugram, on Tuesday claimed to have provisionally attached properties of M/s Krrish Realtech Pvt. Ltd., Amit Katyal, and others worth Rs 56.86 Crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. This action was taken in connection with the siphoning and illegal diversion of …

ED attaches property worth Rs 56.86 crore of Krrish Realtech under PMLA, – Homevior Read More »

The properties were identified during the ongoing property assessment survey carried out by the civic body. A senior PCMC official said that the owners of 4,261 properties have paid their pending dues after they were served notices, and their properties are now registered with the civic body’s tax department. Source Homevior.in

Representative image Pub owner Hotel Property is asking shareholders to reject the takeover bid from a consortium led by top investor Charter Hall, saying that the offer undervalues the firm and its prospects while questioning its timing. The Australian firm said on Tuesday that the new offer from a group comprising Charter Hall’s retail unit …

Hotel Property urges shareholders to reject Charter Hall consortium takeover bid, – Homevior Read More »