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ASK Property Fund invests Rs 190 crore in Kalpataru project, , – Homevior

NEW DELHI ASK Property Fund, the real estate private equity arm of ASK Asset & Wealth Management Group, has invested Rs 190 crore in a project being developed by Kalpataru. The project is an upper mid-segment project, located in Borivali West, Mumbai, comprising 310 units and is spread across six acres with a total saleable …

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ThaiBev to transfer entire stake in Frasers Property to TCC Assets, – Homevior

Representative Image BENGALURU: Thai Beverage (ThaiBev) will exit the real estate business by transferring its entire stake in Singapore-based Frasers Property to TCC Assets under a share swap agreement, an exchange filing showed on Thursday. “Streamlining the company’s focus towards a pure-play beverage and food business by exiting the property business and increasing its exposure …

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Mumbai police book Shriji developers’ directors for cheating, , – Homevior

Representative Image MUMBAI: The Mumbai police have booked two directors of Shriji developers, Kirti Mehta and Mona Kiran Mehta, along with estate agent Sunil Bafna, for criminal breach of trust and cheating. The Kandivali police on Monday registered an offence on the complaint of Narendra Shah, a real estate investor, who alleged that he had …

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Building permits for apartments in Germany fall by 24% in May 2024, – Homevior

Representative Image FRANKFURT: Building permits for apartments in Germany fell 24% in May from a year earlier, Statistics Office data showed on Thursday, highlighting a continued downturn in demand in the construction and real estate industry. Germany’s property sector, in its third year of decline, is undergoing its most severe slump in decades. Permits are …

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Bombay HC orders seven members in way of society redevelopment to vacate or pay Rs 5 lakh, – Homevior

File photo MUMBAI: Observing that their conduct has put the entire redevelopment at risk, Bombay high court recently directed seven members of a housing society to pay Rs 5 lakh in all in costs if they do not vacate their flats in a building at Chakala, Andheri (East), within two weeks. “The docket of this …

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South Korea’s finance minister vows to take policy steps to stabilize rising house prices, – Homevior

Representative Image SEOUL: South Korea’s finance minister on Thursday vowed to take policy steps to stabilise the real estate market, as house prices are rising in the area of the capital Seoul. “Volatility is increasing in the real estate market recently, with apartment prices rising more sharply in Seoul and the wider capital area,” Finance …

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SC orders no coercive action to be taken against NCR homebuyers, – Homevior

File Photo NEW DELHI: In a relief to many homebuyers who booked flats under the subvention plan and have not received possession of their flats in various projects across the NCR due to inordinate delays by developers, the Supreme Court has directed that no coercive action be taken against them by banks or builders regarding …

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540 acres of suburban land identified for relocating Dharavi’s ‘ineligible’ residents, – Homevior

Representative Image MUMBAI: The blueprint for the city’s most ambitious redevelopment is ready, but planners are still grappling with the practical difficulties of finding space to relocate an estimated one lakh-plus households based in Dharavi as tenants in slum settlements. The Dharavi Redevelopment Project Ltd (DRPPL), a 80:20 joint venture between the Adani group and …

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Centaline Property Agency, – Homevior

Representative Image HONG KONG: Hong Kong saw record home purchases by mainland Chinese buyers in the first six months after the financial hub removed all buying curbs, major realtor Centaline Property Agency said, with their transaction value accounting for 31% of the total. In late February, Hong Kong removed all additional stamp duties for foreign …

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