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Homebuyers of Gaursons Sportswood move Allahabad HC over delayed flat registrations, – Homevior

Representative image NOIDA: A group of 44 homebuyers from Gaursons Sportswood — a residential project in Sector 79 — has filed a writ petition in the Allahabad high court, seeking registration of their flats that were handed to them five years ago. Unlike other housing projects — where registries are mostly marred by mounting dues …

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One-Year Advance Maintenance Fees for Flat Buyers, – Homevior

Representative image The Bangalore Development Authority (BDA) has introduced a new policy requiring flat buyers to pay a one-year maintenance fee upfront, in addition to the cost of the flat. BDA has developed residential complexes across the city, but many flats remain unoccupied for months after purchase. Some owners fail to pay maintenance fees on …

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Chhatrapati Sambhajinagar civic body cracks down on property tax defaulters owing over 1 lakh dues, – Homevior

Representative image CHHATRAPATI SAMBHAJINAGAR: The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) has intensified its tax recovery drive with properties and establishments owing over Rs 1 lakh being sealed. Since Dec 12,CSMC has sealed as many as 10 shops located in different parts of the city. Stating that the tax recovery process would be carried out in …

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New home prices in China fall at slowest pace in 17 months in November 2024, – Homevior

Representative image BEIJING: China’s new home prices fell at the slowest pace in 17 months, official data showed on Monday, as the government scaled up stimulus measures to lift the crisis-hit property sector. New home prices were down 0.1% month-on-month after a 0.5% dip in October, the slowest pace since June last year, according to …

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DTCP bans sale and purchase in Mahira Homes’ societies in Gurugram, – Homevior

Representative image GURUGRAM: The Department of Town and Country Planning (DTCP) has banned the sale and purchase of properties in two societies developed by Mahira Homes Group in Sectors 103 and 104. The group came under scrutiny after it failed to deposit external and internal development charges (EDC/IDC). Earlier, a show-cause notice was issued to …

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Airbus leases 6.5 lakh sq ft office space in Bengaluru, , – Homevior

Representative image MUMBAI | BENGALURU: Global aerospace and defence industry major Airbus has picked up over 650,000 sq ft office space in a commercial tower in Bengaluru’s Whitefield through a long-term lease of 10 years to set up its global capability centre (GCC), supporting innovation and technology development-related strategic initiatives worldwide, said persons with direct …

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Pune sees 11% drop in property registration during November 2024: Report, – Homevior

NEW DELHI: Registration of properties in Pune fell 11 per cent year-on-year in November to 13,371 units despite strong demand, according to Knight Frank India. In a statement on Saturday, real estate consultant Knight Frank India said Pune recorded 13,371 property registrations in November 2024, generating Rs 475 crore in revenue for the state exchequer. …

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NDMC plans two commercial complexes in Delhi, , – Homevior

Representative Image NEW DELHI: New Delhi Municipal Council (NDMC) has prepared a plan for developing two commercial complexes to improve its infrastructure and use its vacant sites to increase revenue collection. These commercial centres will be developed opposite Prithviraj Market and at a vacant plot adjoining Akbar Bhawan in Chanakyapuri. The projects were announced by …

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Ahmedabad civic body resorts to public shaming of property tax defaulters, – Homevior

AHMEDABAD: To tackle chronic tax defaulters in housing societies, the Ahmedabad Municipal Corporation (AMC) has devised a novel approach —drumming up compliance, quite literally. During a revenue committee meeting on Wednesday, it was decided that AMC teams will play drums outside the homes of defaulters to shame them into clearing their property tax dues. The …

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Ventive Hospitality’s Rs 1,600 crore IPO to open December 20, , – Homevior

NEW DELHI: Blackstone-backed Ventive Hospitality’s, a hospitality asset owner, initial public offering (IPO) will open on Friday, December 20, 2024 and close on December 24, 2024. The company’s IPO comprises of a fresh issue of equity shares of face value of Re 1 each aggregating up to Rs 1,600 crore. The total offer size comprises …

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