2022-10-03
Registration of properties in Mumbai rose 11 per cent last month to 8,628 units - Highest in the past 10 years for September - despite rise in prices as well as mortgage rates. Mumbai city (BMC area) saw property sale registrations of 8,628 units in September 2022 as against 7,804 units in the same month last year and 8,552 units in the previous month.
2022-10-03
Prime Minister Narendra Modi inaugurated phase-1 of the Ahmedabad Metro rail project between Thaltej and Vastral here, and also travelled in the in the train. With the inauguration, the 21-km corridor of the project between Thaltej and Vastral with 17 stations became operational.
2022-10-03
Kanpur Development Authority’s (KDAs) 135th board meeting passed a proposal of freezing rates of flats constructed under various schemes except Signature Greens Vikas Nagar. The allotment of alternate plots given to the allottees in various schemes of KDA has also been approved by the members.
2022-10-02
Hong Kong-based investment holding company CK Asset Holdings has agreed to divest property assets for HK$20.77 billion ($2.65 billion). The one and only issued share" in Aim Clever Holdings Limited, which indirectly owns assets such as 152 residential units in Hong Kong. ORIC-Borrett Ltd, owned by a sub-fund of LC Vision Capital VCC, which is managed by Singapore-based asset management group Sino Suisse Capital, will buy the Aim Clever stake.
2022-10-02
In a major relief to over 65,000 cooperative housing societies across Mumbai metro region, the state government has allowed them to hold their AGMs till December 31 and audit submissions till Oct 31. According to housing society federations due to Covid, several societies took time till March this year to clear their audit for earlier fiscal 2020-21 and thus had a backlog for recently ended fiscal 2021-22 to be cleared yet.
2022-10-02
Mortgage lender LIC Housing Finance hiked its lending rates by 0.50 per cent, hours after a similar move by the RBI. The company increased the LIC Housing Prime Lending Rate (LHPLR) by 0.50 per cent. LHPLR is the benchmark rate to which the interest rate on LIC HFL's loans are linked.
2022-10-02
The last day to avail 10% rebate on property tax dues saw huge rush at the municipal corporation (MC) suvidha centres of all the four zones where tax collection went on till late evening. The civic officials mopped up Rs 6 crore. However, the collection amount is going to rise as officials are yet to include the recovery done by the field staff and the online payment which continues till midnight.
2022-10-02
The Gujarat Real Estate Regulatory Authority (RERA) has suspended the registration of the construction site near Gujarat University where seven labourers fell to their deaths from the 13th floor. The notice was issued to the construction company, Addis Realtech LLP, in Navrangpura to Project Addor Aspire II has been issued under section 36 of RERA Act, 2016.
2022-10-02
Sebi levied fines totalling Rs 27 lakh on five entities for violating regulatory norms in the matter of Unitech Ltd. In the investigation, the regulator found that Ravinder, Ravi and Rana Rajesh being the designated directors/employees of Unitech have carried out the trades in the company.
2022-10-02
The Pune Municipal Corporation (PMC) has decided to start snapping the water connections of property tax defaulters after Diwali. Action will be taken against commercial establishments as first priority, after which residential properties will be targeted.
