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Representative image NOIDA: Homebuyers linked to New Era Flat Owners Association (NEFOWA) have opposed a proposal by YEIDA and GNIDA making it mandatory to pay the entire stamp duty while booking a flat. Buyers expressed concern that their money would get stuck should the builder turned a defaulter and left the project midway. Earlier, buyers …

Discontent Among Homebuyers Over Full Stamp Duty Payment Policy in Noida, – Homevior Read More »

Representative image NEW DELHI: Piramal Capital & Housing Finance (PCHFL), a wholly-owned subsidiary of Piramal Enterprises, has sold its immoveable property comprising of land & building situated at Santacruz East, Mumbai for a total consideration of Rs 187 crore to Shoquba Realty. In a separate regulatory filing, the company also said that it has raised …

Piramal Capital & Housing Finance sells property in Mumbai for Rs 187 crore to Shoquba Realty, – Homevior Read More »

Representative image SINGAPORE: A Singapore court charged a property billionaire on Friday with obstructing justice and abetting offences, over flights and luxury hotel accommodation given to a disgraced ex-transport minister jailed the previous day in a major corruption case. Ong Beng Seng, the 78-year-old owner of Hotel Properties Ltd and rights holder to the Singapore …

Singapore court charges Hotel Properties owner with obstructing justice, – Homevior Read More »

Representative imaeg COIMBATORE: The state govt’s recent notification of rules for redevelopment of old apartment complexes has gone down well with the builders, while leaving dwellers of such units wary. Builders are hopeful that the new rules under the Tamil Nadu Apartment Ownership Act, 2022, would streamline redevelopment of old buildings and simplify day-to-day functioning …

Coimbatore Apartment Residents Fear Loss of Rights with New Redevelopment Rules, – Homevior Read More »

Representative image TRICHY: Trichy corporation will conduct a special camp at Pandian Mahal on Thanjavur Main Road on Saturday for residential and commercial property owners to apply for new underground drainage (UGD) connections in the areas where phase II of the project has been completed. The local body has asked applicants to bring property tax …

Trichy Corporation Hosts Special Camp for New Underground Drainage Connections, – Homevior Read More »

Representative image BENGALURU: The Bangalore Metro Rail Corporation Limited (BMRCL) is set to initiate the process for acquiring properties for Namma Metro’s Orange Line, linking JP Nagar 4th Phase to Kempapura. Under the first package of the project, 299 private properties have been identified for acquisition to facilitate the construction of an elevated corridor from …

KIADB to Acquire 299 Properties for Orange Line, – Homevior Read More »

Representative image JODHPUR: Expressing concern over the sale of plots and houses in privately developed colonies without proper drainage, electricity and water facilities, the Rajasthan high court on Wednesday directed the state govt, development authorities and urban bodies to ensure that no developer or builder is allowed to sell such properties without adhering to construction …

Rajasthan High Court Restricts Property Sales Without Essential Amenities, – Homevior Read More »

File photo MADURAI: Madras high court imposed a cost of Rs25,000 on a sub-registrar of Tuticorin district for refusing to register a sale deed despite an earlier order to register it. The court also directed the sub-registrar to register the deed within 15 days. The court was hearing the petition filed by Pandi, who stated …

Madras High Court Penalizes Sub-Registrar for Sale Deed Registration Refusal, – Homevior Read More »

File photo In a big relief to the real estate sector, the Supreme Court on Thursday allowed the industry to claim input tax credits (ITC) on construction costs for commercial buildings meant for renting purposes. It said that if construction of a building is essential for supplying services like leasing/renting out, it could fall under …

SC allows ITC claim on construction costs of commercial buildings, – Homevior Read More »

Representative image Property firm British Land Co Plc said on Wednesday it has acquired a portfolio of seven retail parks from Brookfield Asset Management for 441 million pounds ($585.34 million), increasing its position in the retail park market. The Broadgate owner has been doubling down on its investments in retail parks since 2021 as its …

British land buys $585 million retail parks portfolio from Brookfield, – Homevior Read More »