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Delhi HC takes suo motu action on property mutation issues in urbanised villages, – Homevior

Representative image NEW DELHI: The Delhi High Court’s suo motu cognisance of the hardships faced by the residents of over 300 “old urbanised” and “declared urban” villages in getting ancestral properties transferred or “mutated” in their names has come as a shot in the arm for thousands of people living in such localities. For years, …

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Suzlon Energy sells its headquarters in Pune for Rs 440 crore, – Homevior

Representative image Renewable energy solutions provider Suzlon Energy has entered into a property sale and leaseback transaction for its headquarters, One Earth, in Pune as part of its non-core asset monetisation plan. The company has sold the property for Rs 440 crore to OE Business Park Pvt Ltd (OEBPPL), a special purpose vehicle, shares of …

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Centre approves eight lakh PMAY houses in Chhattisgarh, , – Homevior

RAIPUR: The Centre has sanctioned construction of more than 8 lakh houses under the Pradhan Mantri Awas Yojna (PMAY) in rural areas of Chhattisgarh, Chief Minister Vishnu Deo Sai said on Wednesday. The CM also informed that his government, which assumed office nine months ago, has requested the Centre to approve houses under PMAY separately …

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CapitaLand Investment aims to double fund under management by 2028, – Homevior

MUMBAI: Singapore-based CapitaLand Investment Ltd (CLI), a global real asset manager, on Wednesday said the company aims to more than double its fund under management (FUM) in India by 2028 from the current level of nearly Rs 46,000 crore. In a statement, the company said it is targeting to more than double its FUM in …

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China plans to cut mortgage rates to shield banks, , – Homevior

Representative image China is considering cutting interest rates on as much as $5.3 trillion of mortgages in two steps to lower borrowing costs for millions of families while easing the profit squeeze on its banking system. Financial regulators have proposed reducing rates on outstanding mortgages by a total of about 80 basis points (bps), part …

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No embargo on Sahara Group to sell properties for depositing Rs 10,000 crore: SC, – Homevior

File photo NEW DELHI: The Supreme Court on Tuesday said there is no embargo on Sahara Group to sell its properties for depositing around Rs 10,000 crore in SEBI-Sahara refund account for returning investors’ money. In a series of directions on August 31, 2012, the top court had directed that Sahara Group firms – SIRECL …

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Punjab allows property registration in illegal colonies without NOC, – Homevior

Representative image CHANDIGARH: The Punjab Assembly Tuesday unanimously passed a Bill, which aims to do away with the practice of NOC for the registration of properties in illegal colonies, with Chief Minister Bhagwant Mann saying it will be a major reprieve for common people. Mann tabled the Punjab Apartment and Property Regulation (Amendment) Bill, 2024 …

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SC modifies its stay order on ED probe of Hacienda Project’s ex-directors, – Homevior

Representative image NOIDA: The Supreme Court has tweaked its June order staying any further investigation by the Enforcement Directorate (ED) against the former directors of Hacienda Project Pvt Ltd, which developed Lotus 300 in Sector 107. The apex court observed that the stay on further probe did not prevent the central investigating agency from taking …

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DDA sets up registration help desk for housing scheme 2024, – Homevior

Representative image NEW DELHI: The Delhi Development Authority (DDA) has established a registration help desk at its head office here for its Housing Scheme 2024, according to a statement issued on Tuesday. Depending on the footfall and demand, the DDA may open similar help desks at other locations too, as an endeavour to increase its …

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