Representative image Sales of new homes in the United States cooled less than expected in August, according to government data released Wednesday, with lower interest rates potentially boosting the market going forward. New single-family home sales came in at an annual rate of 716,000, seasonally adjusted, lower than July’s revised 751,000 figure, said the Commerce …
US new home sales drop in August 2024, , – Homevior Read More »
Representative image BENGALURU: Real estate developer Puravankara has acquired 2.3 acres of land in Bengaluru from Citrus Venture Projects for around Rs 135 crore, said people familiar with the matter. The acquisition is part of the developer’s plans to develop an office platform aimed at expanding its rental income to Rs 500 crore over the …
Representative image NBR Group, a real estate developer based in Bengaluru, has acquired a 9.65-acre land parcel in the Sarjapur-Mullur suburb of Bengaluru. This acquisition is strategically significant as it paves the way for the development of a high-rise residential project spanning 9 lakh sqft. The project is estimated to genrate a gross development value …
NBR Group acquires 9.65 acres land in Bengaluru for residential project, – Homevior Read More »
Representative image GURURGRAM: The National Green Tribunal (NGT) has criticised the Haryana State Environmental Impact Assessment Authority (SEIAA) for its “procrastination” in determining whether a 225-acre licensed colony in Sector 47 required an environmental clearance. The tribunal’s remarks come following SEIAA’s failure to reach a resolution in the case despite a directive issued on July …
File photo Invitation Homes, the largest U.S. landlord for single-family homes, agreed to pay $48 million to settle the U.S. Federal Trade Commission’s claims it deceived renters about lease costs. The company charged tens of millions of dollars’ worth of undisclosed fees between 2021 and 2023, including charges for air filter delivery, smart home technology, …
US FTC fines Invitation Homes $48 million over hidden fees, , – Homevior Read More »
File photo NEW DELHI: Failure of a real estate company to file its response within the stipulated period of 45 days before NCDRC on homebuyers’ complaint proved costly as it has been directed by Supreme Court to pay Rs 1 lakh each to 31 buyers who filed a case against it and granted it more …
Representative iamge PARIS: The OECD slightly raised its world economic growth forecast for 2024 on Wednesday but called for higher property and environmental taxes to combat soaring debt in many countries. In its economic oulook report titled “Turning the Corner”, the Paris-based organisation said global gross domestic product would expand by 3.2 percent, compared to …
OECD calls for higher property taxes to fight debt, , – Homevior Read More »
Represetative image NEW DELHI: All 10 flats in Dwarka issued for e-auction on Tuesday by the Delhi Development Authority (DDA) have been sold out, officials said. Tuesday’s bidding featured a penthouse, three super High-Income Group (HIG) flats and six HIG flats. These flats were sold much above the reserve price. The officials stated that on …
All 10 flats in Dwarka issued for e-auction by DDA sold out on September 24, – Homevior Read More »
Representative image Home interior services startup HomeLane has acquired smaller rival DesignCafe in a share-swap deal that values the combined entity at Rs 3,000 crore. After the acquisition, HomeLane raised Rs 225 crore from new investors, including Sunil Kant Munjal’s Hero Enterprise and Claypond Capital, the family office of Manipal Group’s Ranjan Pai, with participation …
HomeLane acquires DesignCafe, raises Rs 225 crore, , – Homevior Read More »
Representative image TRICHY: Tamil Nadu Urban Habitat Development Board (TNUHDB), formerly Tamil Nadu Slum Clearance Board, has decided to demolish a 40-year-old weak residential building at Marsingpet in Trichy city and build a new one there. This comes in the wake of people complaining to Trichy corporation about the perilous state of the building. Mayor …
TNUHDB to Demolish Weak Building and Construct New Housing in Trichy, – Homevior Read More »
