[ad_1] NEW DELHI: We need robust public-private partnerships to revamp Mumbai’s timeworn housing stock, said Sanjeev Jaiswal, vice president & CEO, MHADA. He was speaking at CREDAI-MCHI’s Ease of Doing Redevelopment (EODR) 2.0 held in Mumbai. “Mumbai’s landlocked nature makes land availability a perpetual challenge. The recent amendment to Section 91A, empowering MHADA to take…
[ad_1] representative image LONDON: British house prices rose at their fastest pace in more than two years in the 12 months to February, according to official data published on Wednesday. Average house prices rose by an annual 5.4% to 268,000 pounds ($355,556) in February, the fastest increase since December 2022 and up from a 4.8%…
[ad_1] representative image RAJKOT: The Rajkot Municipal Corporation (RMC) received advance property tax payments of Rs 23 crore within five days of announcing its discount scheme for those who pay early. According to RMC, it received advance property tax and water charges amounting to Rs 23.19 crore from 44,404 taxpayers. Of this, payment of Rs…
[ad_1] representative image HYDERABAD: The Enforcement Directorate on Wednesday carried out raids at multiple locations here as part of a money laundering investigation linked to alleged fraud with real estate investors, official sources said. The action is being taken against the Surana Group and Sai Surya Developers. The raids are being undertaken at premises located…
[ad_1] representative image NEW DELHI: Smartworld Developers will invest ₹1,200 crore and has tied up with Tribeca Developersto develop a residential project – Trump Residences Gurgaon in sector 69, Gurugram. The company is looking to generate ₹3,500 crore in sales from the project. Smartworld will be responsible for the development, construction and customer service of…
[ad_1] representative image BEIJING: China’s new home prices stabilised in March after a slight month-on-month dip in February, as government support measures struggled to counteract persistently weak demand in the debt-ridden property sector. Any signs of a price bottoming in the key sector, which accounted for roughly a quarter of economic activity at its 2021…
[ad_1] NEW DELHI: The Securities and Exchange Board of India (SEBI) has issued an interim order against Gensol Engineering and its promoters, Anmol and Puneet Singh Jaggi, exposing a pattern of serious financial misconduct. The 29-page order highlights a series of fund diversions, misleading disclosures, and misuse of public funds by the company and its…
[ad_1] NEW DELHI: CREDAI Bengaluru has appointed Zayd Noaman as its new president for a two-year tenure, succeeding the outgoing president, Amar Mysore. Noaman is the executive director- chairman and managing director’s office at Prestige Group and is responsible for corporate finance, business development and strategy. Other new office Bearers of CREDAI Bengaluru include president-elect…
[ad_1] representative image MUMBAI: A proposal to waive the monthly 2% penalty on property tax arrears in municipal council, nagar panchayat and industrial township areas was approved by the cabinet on Tuesday. A press release issued by the CMO stated that the total penalty sometimes exceeds the original tax amount, and property owners delay paying…
[ad_1] representative image NOIDA: The district administration is set to announce in two days its first circle rate revision in nearly a decade. It was earlier this year that the administration proposed a substantial increase across various property categories. The most notable changes included a 30% hike for flats in Greater Noida and Greater Noida…