Representative image GURUGRAM: Homebuyers have alleged harassment and non-compliance by builders over a 2016 housing project, despite favourable rulings by the Haryana Real Estate Regulatory Authority (HRERA). Buyers have alleged that builders have been charging them higher interests, blaming them for the delay in the project, even threatening them with cancelling their allotments. The project, …
Representative image PUNE: The state property registration department may face a steeper revenue target and an additional Rs5,000 crore could be added to its current fiscal year goal to fund govt schemes, a senior official told TOI. “We’ve achieved nearly 64% of our Rs55,000-crore target before December. After the new govt formation, we’re anticipating a …
Representative image GURUGRAM: Applying the “principle of parity”, the district consumer forum directed the developer of an affordable housing project to pay compensation to a homebuyer for delay in handover of flat. The forum also directed the company to pay Rs 1 lakh as compensation for mental harassment. The forum observed that if a buyer …
Court Orders Builders to Compensate Homebuyers for Delay in Handover, – Homevior Read More »
Representative image Country Garden said on Friday the Shanghai Stock Exchange would impose self-regulatory measures on the embattled property developer, its chairman, chief financial officer and president due to the failure to publish its 2023 annual report on time. The Shanghai Stock Exchange and the Shenzhen Stock Exchange have also made the decision to impose …
Representative image NEW DELHI: Info-x Software Technology Pvt Ltd, through its director Rishi Parti, has bought a 16,000 sq ft penthouse at DLF’s ultra-luxury The Camellias in Gurugram for ₹190 crore in one of the costliest apartment transactions in the country. The deal was registered on December 2, and the company paid ₹13 crore stamp …
Info-x buys penthouse for Rs 190 crore in Gurugram’s DLF Camellias, – Homevior Read More »
Representative image NOIDA: Developers of stalled housing projects, who have opted for UP govt’s relief package, have until Dec 31 to register all flats. Greater Noida Authority officials said it may revoke the benefits extended under the rehabilitation package for stalled projects — waiver of interests and penal interests accrued during the two Covid years …
File photo NOIDA: The Allahabad High Court has scrapped Noida Authority’s decision to seal several towers at Lotus Zing in Sector 168, citing violations of due process. The order was delivered by a division bench of justices Manoj Kumar Gupta and Anish Kumar Gupta on Dec 3. Three C Projects, the developer, argued before the …
House prices rose by 1.3% in monthly terms in November after an upwardly revised 0.4% increase in October to reach a new record of 298,083 pounds ($380,324) – well above a 0.2% rise predicted by economists in a Reuters poll. Source Homevior.in
Representative image BEIJING: China’s financial regulator unveiled a plan on Friday to enhance supervision and support the development of the property insurance industry, according to a statement. The country will support qualified foreign financial institutions to invest in its property insurance market, and encourage domestic property insurance companies to optimise their offshore expansion, the statement …
China aims to boost foreign investment in property insurance market, – Homevior Read More »
Representative image DEHRADUN: The Uttarakhand Housing Development Council (UHDC) and the Mussoorie Dehradun Development Authority (MDDA) are constructing approximately 16,000 affordable houses for low-income families in Uttarakhand. An official statement from the Chief Minister’s Office (CMO) highlighted that this initiative is being implemented “under the efforts of Chief Minister Pushkar Singh Dhami and the leadership …
