2022-09-03
Gurgaon bench of Haryana Real Estate Regulatory Authority (HaRERA) has threatened to barred the real estate agents if they charge arbitrary brokerage from homebuyers. The real estate regulatory authority’s warning comes in the wake of number of complaints filed on daily basis in the city where the cheated buyers or allottees turn up for relief.
2022-09-03
The Punjab government has decided to identify and approve new quarries on private lands to provide sand and gravel at cheaper rates to people. The scrutiny or on-site inspection of the location which was shown as probable new quarries in the applications will be conducted by the sub-divisional level committee, the minister said.
2022-09-03
Chief minister Basavaraj Bommai ordered officials to raze properties obstructing rajakaluves (stormwater drains). The CM personally inspected areas in Mahadevapura which witnessed severe flooding following heavy rain. He inspected the area near DNA apartment and Columbia hospital, Shantiniketan Layout, Ecospace and Sakra World hospital drain.
2022-09-03
Over two years after the Supreme Court ordered an overhaul of the Unitech board, half the directors have resigned due to a lack of progress in the delivery of flats to over 10,000 homebuyers, some of whom booked these apartments more than a decade ago. Hiranandani group founder and MD Niranjan Hiranandani and former NBCC chairman and MD AK Mittal have put in their papers, joining HDFC MD Renu Sud Karnad and former SBI MD B Sriram, who quit a few months ago.
2022-09-03
To facilitate investors willing to buy plots in the capital city for commercial usage, the Lucknow Development Authority has launched an e-auction facility for the properties on its website. With this, investors can look for plots for hotels, malls, fuel stations, factories and educational institutions. The portal will showcase all details, including rates, of the available plots.
2022-09-03
State-owned Indian Bank has revised the marginal cost of funds-based lending rates (MCLR) by 0.10 per cent across tenors, which will make most of the consumer loans costlier. The benchmark one-year MCLR will be 7.75 per cent from September 3 against the existing rate of 7.65 per cent.
2022-09-03
The Chandigarh Housing Board (CHB) has fixed a reserve price of Rs 200 crore for the sale of 4.95 acres of land to a private builder or company for developing a planned residential area at IT Park. The board has sent the matter to the UT administration for approval. The CHB has also framed terms and conditions to dispose of the land through e-tender mode.
2022-09-02
Australia's housing market downturn is squeezing many home sellers into a double bind: They've taken out a mortgage for a new home but are holding out for a good deal on their old place, forcing them also to hold a bridging loan to cover their previous mortgage. And with prices now falling at their fastest pace in four decades, a sharp reversal from the 25% annual price rises seen just a year ago, the durations of those bridging loans are doubling or even quadrupling from their typical three-month span.
2022-09-02
With the extended period of rebate on property tax ending on August 31 (Wednesday), the defaulters will now have to pay a 25% penalty and 12% interest along with their property tax to the Chandigarh municipal corporation (MC). If the defaulters failed to deposit the tax amount, strict actions would be taken against them as per the norms, including the sealing of their buildings.
2022-09-02
There were 49 flats meant for poor people from various reservation categories but those were allotted to applicants of general category while 10 tenements were placed in categories other than they were meant for. NMRDA had considered applicants from general category for various reservation quotas like physically handicapped (PH), Schedule Tribe (ST), Schedule Caste (SC) and state government officials (SG) for allotment of subsidized flats under PMAY.
