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UN recognises Ganges project among 10 initiatives restoring natural world

GENERAL NEWS /

MONTREAL: An ambitious project that aims to improve the health of the Ganges, India’s holy river, is among 10 “ground-breaking” efforts recognised from around the globe by the United Nations for their role in restoring the natural world. According to a report unveiled during the UN Biodiversity Conference (COP15) on Tuesday, climate change, population growth, […]

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INDIA’S MARKET REGULATOR IS PLANNING TO ALLOW “MICRO” REAL ESTATE INVESTMENT TRUSTS (REITS)

GENERAL NEWS /

MUMBAI: India’s market regulator is planning to allow “micro” real estate investment trusts (REITs), according to a senior official, to bring a wider set of property companies to the nascent market as India emerges from a pandemic-induced lull. The Securities and Exchange Board of India (SEBI) is considering reducing the size of REITs, allowing them

INDIA’S MARKET REGULATOR IS PLANNING TO ALLOW “MICRO” REAL ESTATE INVESTMENT TRUSTS (REITS) Read More »

UK lenders see 23% slide in mortgages for home-buyers in 2023-A CASE STUDY

CASE STUDY /

Representative Image LONDON: British banks and building societies expect to lend 23% less to home-buyers next year, taking mortgage volumes back to their level before the COVID pandemic after a two-year boom that lifted house prices by more than a quarter. Trade body UK Finance forecast on Monday that gross mortgage lending for house purchase

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New York City officials spar with hosts over new Airbnb rental laws

GENERAL NEWS /

New York City officials held a lively public debate with property owners on Monday over proposed changes to short-term rental laws that will make it much harder for hosts to list their apartments on Airbnb Inc. and other platforms. Mayor Eric Adams’s Office of Special Enforcement outlined coming legislation that will more strictly enforce some

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Court directs Delhi police to lodge FIRs against ISH Realtors for duping investors

GENERAL NEWS /

NEW DELHI: A court here has directed the Delhi police to register two FIRs against a real estate firm and their directors for allegedly duping investors. Metropolitan Magistrate Yashdeep Chahal passed the order saying that the allegations are of a nature that warrant an investigation by the police/state agency. The judge directed police to lodge

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Society asks bachelor tenants to vacate, says PGs being run in violation of rule

GENERAL NEWS /

NOIDA: Noida’s Emerald Court society, where the now-demolished twin towers were located, has issued notices to bachelor tenants to vacate premises, citing violation of its rules. The residential body of the posh society in Sector 93A said they had been getting complaints from other residents because of which notices have been issued to those living

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Housing prices see 6% rise during Q3 of 2022 in top 8 cities: Report

GENERAL NEWS /

Housing prices across the top eight cities, namely Delhi-NCR, MMR, Kolkata, Pune, Hyderabad, Chennai, Bengaluru, and Ahmedabad, continue to grow at 6 per cent year-on-year during July-September of 2022 amidst robust housing demand and quality launches by top developers, a report said on Wednesday. Since the beginning of 2022, housing prices had been on the

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Sentiment in realty sector moderates on interest rate hike: Report

GENERAL NEWS /

Real estate developers, investors and financial institutions are optimistic about the growth in realty sector over the next six months, but sentiment has moderated due to hike in mortgage rates and global recessionary fears, according to Knight Frank and Naredco. Property consultant Knight Frank and realtors’ body NAREDCO on Thursday released ‘Real Estate Sentiment Index

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NEW AVENUES FOR VALUERS AS: Finance ministry seeks details of property transactions above Rs 50 lakh

GENERAL NEWS /

PUNE: The Union finance ministry has asked the registration departments of all states, including Maharashtra, to provide details of all sales and purchases of immovable property valued at Rs 50 lakh and above as part of “immovable property reports”. The ministry has sought data to be submitted every quarter by the 15th of the succeeding

NEW AVENUES FOR VALUERS AS: Finance ministry seeks details of property transactions above Rs 50 lakh Read More »

UK to launch new billion-pound home insulation programme

GENERAL NEWS /

Britain’s government intends to make 1 billion pounds ($1.2 billion) of public funding available for home insulation projects from early next year, widening access to assistance that was previously only available to poorer households. The government said the proposed scheme would run from early 2023 until March 2026 and would help meet a recent target

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