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Prime minister reviews lighthouse projects across the country via drones

NEW DELHI: Prime Minister Narendra Modi on Saturday reviewed the progress of Lighthouse projects across the country via drones. PM Modi had launched the Lighthouse projects on January 1, 2021, to use new technology to complete housing projects faster while making them more resilient. Work on six lighthouse projects at different sites is underway, ...

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July 4, 2021

Chandigarh: Commercial property owners pay more tax in three months

CHANDIGARH: Out of Rs 36.06 crore received as property tax during the three-month rebate period that ended on June 30, the municipal corporation (MC) received the maximum amount from owners of commercial properties. Most taxpayers are from the residential segment but commercial property owners outdid them in paying tax. The reason was the high ...

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July 4, 2021

Kohinoor Group to invest over Rs 750 crore to develop 1.8 million sq ft office project

Representative Image Realty developer Kohinoor Group is planning to invest over Rs 750 crore to develop an over 1.8 million sq ft commercial offices project Kohinoor World Towers in Pimpri Chinchwad area of Pune. The project will be developed in two phases of 0.9 million sq ft each and the first phase with a ...

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July 3, 2021

No funds to pay rent of those evacuated from dangerous buildings: Jitendra Awhad

ULHASNAGAR: The government has no money and is taking loan to pay the salary of the staff, said state housing minister Jitendra Awhad. The minister ruled out any financial assistance from the government in the case of a dangerous building issue in Ulhasnagar. He was addressing a program organised by Ulhasnagar Trader Association for ...

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July 3, 2021

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, ...

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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 ...

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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 ...

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July 1, 2021

Haryana government shows interest in IT Park hi-end flat scheme

Representative Image CHANDIGARH: The Haryana government has shown interest in the construction of high-end flats for its officials and MLAs at Rajiv Gandhi Chandigarh Technology Park (IT Park). The Chandigarh Housing Board (CHB), which has planned the luxury flats for officials and MLAs of Punjab and Haryana and for PGI, gave a presentation in ...

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July 1, 2021

Policy regime nudged 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 ...

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June 30, 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 ...

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June 30, 2021

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