2022-08-27
The economic offences wing (EOW) of the state Crime Branch arrested the managing director of a real estate company, for allegedly duping several home buyers of nearly Rs 20 crore. Aurobinda Santara, MD of Odyssa Homes & Commercials Pvt Ltd, had floated an apartment project under the banner of Ganapati Homes near Kalinga Studio Chhak here in 2013. He also started accepting the booking amount from buyers.
2022-08-27
City crime branch arrested a builder from Navrangpura area in connection with two complaints of cheating after he allegedly duped an NRI woman of Rs 3 crore and an Ambawadi resident of Rs 1.40 crore after promising to sell them houses. According to the cops, two FIRs were filed against Saurin Panchal at Ellisbridge and Detection of Crime Branch (DCB) police stations on April 28 and May 14 respectively.
2022-08-27
Rail Land Development Authority (RLDA) has called bids for leasing a land parcel of 3.5 acres at Dharmavaram in Anantapur district for commercial development. RLDA will grant the land parcel for period of 45 years on lease. It has put the reserve price at Rs. 9.58 crore. RLDA vice-chairman Ved Prakash Dudeja said that the last date for submission of e-Bids is September, 13.
2022-08-26
Home prices fell 2.9% month-on-month, figures from Valueguard's HOX Index showed, while prices were down 2.6% from the same month in 2021. Energy bills, food and petrol prices are soaring and real wages are falling. The housing market - including commercial real-estate - has been remarkably resilient during recent downturns, but authorities are concerned.
2022-08-26
Chandigarh Housing Board (CHB) has identified and prepared a list of 665 small flats across the city, whose outstanding dues are about Rs 8.40 crore and each flat carries over Rs 1 lakh. It has been decided to cancel their allotments in case they fail to clear their dues within a week. The CHB has now asked all the allottees to clear their pending dues to avoid penalty interest and cancellation of their units and the payments can be made either at any of the sampark centre or online by visiting the website.
2022-08-26
Leading tech enabled flex space start-up, IndiQube, has leased over 1.5 lakh sq ft of property, where a G+11 Multi-Storey Building (MSB) is under construction. The structure with a capacity of more than 3,000 seats is likely operational by February, 2023. Ekkattuthangal has emerged as the first metro station in the city to house a massive private office space facility on a land parcel belonging to the Chennai Metro Rail Limited (CMRL).
2022-08-26
The CBI has filed a plea before the special court, seeking attach properties worth around Rs 600 crore belonging to Avinash Bhosale and Sanjay Chhabriaa in the Yes Bank-DHFL case. The properties are abroad. In a chargesheet submitted last month, the CBI had said that Bhosale had bought a property in London for around GB million (nearly Rs 1,000 crore) in 2018, by contributing Rs 300 crore and taking the remaining Rs 700 crore as loan from Yes Bank, then led by Rana Kapoor.
2022-08-26
Property tax rates may go up marginally in Delhi if the report of the MCD's fifth Municipal Valuation Committee (MVC) is implemented which recommends a 37 per cent increase in base unit area value. The civic body also issued a statement saying the base unit area values were recommended by the first MVC in 2004 which has remained unchanged for the last 18 years.
2022-08-26
China has announced it is investigating several executives at state-owned property companies, in another blow to a key sector already struggling with slowing sales, angry customers and heavily indebted developers. Authorities said in separate notices that they were investigating Zhuang Yuekai, chairman of C&D Real Estate, and Shi Zhen, chairman of C&D Urban Services.
2022-08-26
The municipal corporation (MC) is all set to auction its 18 major commercial properties at key locations in Manimajra. The civic body has estimated Rs 61.71 crore as reserve price for the properties, varying from over Rs 3 crore to Rs 6 crore for each as per size, location and other criteria. After taking approval from the UT administration, the MC has earmarked all these SCF sites for general trade.
