Compass to add more resources at India Development Centre

Compass, Inc, a real estate technology company, has announced a plan to double its headcount in India at the Compass India Development Centre (IDC) over the next few months. Headquartered in the US, Compass provides a platform that empowers residential real estate agents to deliver service to seller and buyer clients. The Compass IDC, ...
July 2, 2021

Ireland to reduce maximum rent increases in designated zones

DUBLIN: Ireland will significantly reduce the maximum annual increase in residential rents allowed in designated “Rent Pressure Zones”, the government announced on Thursday in a move to tackle surging housing costs. Landlords in the designated zones, which cover many of Ireland’s urban areas under 2016 legislation, are currently limited to annual rent increases of ...
July 1, 2021

Shops in houses: Chandigarh notifies commercial water connection

Representative image CHANDIGARH: Providing relief to people running commercial activities from their houses within the ‘lal dora’ limit in rehabilitation & EWS colonies, villages and Manimajra, the UT administration has issued notification that the residents will be issued commercial water bill only for the area, in which they were running commercial activity. In this ...
July 1, 2021

Repco Home Finance Q4 net up 32%

Repco Home Finance (RHFL) has posted a 32 per cent growth in standalone net profit for the fourth quarter at ₹63.2 crore as against ₹47.7 crore profit in the corresponding quarter of the previous fiscal. Total income of the lender dropped to ₹340.34 crore in Q4FY21 from ₹346.11 crore in the year-ago quarter. Also ...
June 30, 2021

Market dynamics, policy regime, skewed towards nudging fence-sitters to be first-time homebuyers: Niranjan Hiranandani

The need for secured assets and aspirations to own spacious homes as remote working is fast becoming the new norm is driving sales of residential properties across the country. Further, investors are also warming up to Real Estate Investment Trusts (REITs), Niranjan Hiranandani, national president at National Real Estate Development Council (NAREDCO). In an ...
June 30, 2021