Get ready on your week with the week’s top enterprise stories from San Diego and California, in your inbox Monday mornings. The residents’ welfare association had approached the RERA authority stating that the project remained incomplete eight years after development commenced. The whole cash to be recovered by the state’s revenue department has almost doubled from Rs 245 crore in July 2022. Among the builders, the Ozone group alone owes homebuyers a whopping Rs 93.6 crore in refunds. Currently, rental yields in areas like Sharjah and Abu Dhabi vary from 6-8 %, whereas Dubai has the best yields, at 9-10 percent. Consultants say there is a clear inclination in course of the reasonably priced phase properties below Rs 50 lakh, comprising 48 p.c of the entire transactions.
- Poor infrastructure, a weakening currency and a quantity of taxations have been recognized as challenges preventing the country’s real estate sector from working