CG Power and Industrial Solutions has signed a binding term sheet with Evie Real Estate to sell its property at Kanjurmarg in Mumbai, for ₹382 crore by March 2022. “As per the term sheet signed with the buyer [Evie Real Estate Pvt. Ltd.], the sale consideration has been fixed at ₹382 crore, ... Read more...
Distressed developer China Evergrande will sell a half-stake in its property management unit to Hopson Development for more than $5 billion, Once China's top-selling developer, Evergrande is facing what could be one of the country's largest-ever restructurings as a crackdown on debt leaves it unable... Read more...
The ‘Perfect’ hitmaker already owns several properties in the UK, including 27 homes in London alone. It has now been revealed he recently dropped another $5.4 million on new purchases for his empire. New documents show Ed spent $4 million through his Maverick Properties company, which he set... Read more...
HSBC India has reduced its home loan interest rates by 10 basis points (bps) 6.45% per annum for customers who transfer their home loans to the bank. This special rate, the bank said, is available across all loan amounts, and the bank has also waived off the processing fee for these loans. This spec... Read more...
The Noida authority has halved the charges it levies on the resale of property in the bustling Uttar Pradesh city, a move that is expected to improve sentiments in a market hammered by delays and a slowdown because of the coronavirus pandemic. During a meeting on September 24, the authority reduc... Read more...
Mumbai residential real estate is on an upswing, as property registrations recorded in the first 21 days of September show that the numbers have crossed the levels seen in September 2018, and is expected to break the record of the last decade, according to the report of Motilal Oswal Financial Servi... Read more...
Rajan Bharti Mittal, vice-chairman and managing director of Bharti Enterprises, has bought a 1,200-square yard property at Delhi’s Shanti Niketan for around Rs 85 crore. The deal was registered on September 9, with four different owners selling their share of the plot to Mittal. The property, spre... Read more...
Inventory of under-construction properties in major Indian cities has dropped the most in the past seven years as new housing projects have lately trailed sales mentioned citing an Axis Capital report. The study suggests that Pune has emerged as the best market in India in volume terms, followed ... Read more...
A delegation of the Tricity Property Consultants Federation met UT adviser Dharam Pal and submitted a memorandum seeking reimplementation of the Apartment Act in Chandigarh. “We demanded that collection of stamp duty for execution of general power of attorney for blood relations be stopped,” s... Read more...
Noida Authority is contemplating to bring down the property transfer charges. At the board meet, the Authority may bring down the property transfer charges. Businessmen, RWAs and flat owners have been petitioning the government to highlight the steep transfer charges they have to pay to the Authorit... Read more...