Chinese cities restrict home sales by buyers to fight speculation
By: Yawen Chen | Nicholas Heath BEIJING: At least twelve major Chinese cities are requiring newly bought homes to be held for at least two to three years before they… Read more »
Daily Archives: April 13, 2017
India issues 140 notices under Benami law for properties worth Rs 200 crore
NEW DELHI (INDIA): The government of India has issued notices in 140 cases involving properties of the value of Rs 200 crore since new benami law came into force in… Read more »
Uttar Pradesh allows CAG to audit devpt authorities; probe into GDA begins
LUCKNOW (INDIA): The Uttar Pradesh (UP) government on Tuesday gave permission to Comptroller and Auditor General (CAG) and other central agencies to carry out audit of development authorities in the… Read more »
Delhi High Court stops Tata Housing from developing Chandigarh project
NEW DELHI (INDIA): In a major set back to the investors of Tata Camelot Housing project, Delhi High Court today held that the project cannot be allowed as it was… Read more »
India plans elevated parallel highway to Delhi’s Indira Gandhi International Airport
NEW DELHI (INDIA): The government of India is considering a proposal to construct an elevated parallel highway and a tunnel from Haryana side connecting with the Indira Gandhi International Airport… Read more »
Abu Dhabi’s property market under pressure from sluggish economy
By: Stanley Carvalho ABU DHABI: Low oil prices and a sluggish economy hit Abu Dhabi’s property market in the first quarter of 2017, property specialists Chestertons said on Wednesday. Its… Read more »
U.S. housing demand seen holding up despite rising rates
By: Arunima Banerjee | Sweta Singh BENGALURU (INDIA): Fears that higher home mortgage rates this year will keep buyers away and hit home sales could be overblown. While interest rates… Read more »
Hong Kong to curb purchases of more than one flat to rein in prices
By: Twinnie Siu | Venus Wu | Michelle Price HONG KONG: The Hong Kong government said on Tuesday it will curb purchases of more than one flat by individuals using… Read more »
Grasim Industries-ABNL merger gets shareholders’ nod
NEW DELHI (INDIA): Minority shareholders of Grasim Industries and Aditya Birla Nuvo Ltd (ABNL) have approved the mega merger of the two companies to create a nearly Rs 60,000-crore diversified… Read more »
NCDRC directs Delhi builder Apex Buildtech to pay Rs 10 lakh to buyer
NEW DELHI (INDIA): The apex consumer commission has directed a realtor to refund Rs 10 lakh to a home buyer, saying the builder was “highly negligent” in completing the project…. Read more »