Categories News

Jiangxia District government retrieved the land-use over undeveloped sites at the Evergrande Technology Tourism City

Jiangxia district’s Planning and Natural Resources Bureau stated that the government of the district had recouped the land use throughout undeveloped sites at the Evergrande Technology Tourism City.

A report by the district’s Planning and Natural Resources Bureau, the government of Jiangxia District, central city of Wuhan has recouped the rights of land-use throughout undeveloped sites at the Evergrande Technology Tourism City on November 16.

Municipal district said the 134,500 hectares of land had been retrieved that had been previously held by a unit of debt-laden developer China Evergrande Group and had not paid for it.

The unit of Wuhan Baden City Investment Co Ltd has occupied the land as developer of Evergrande Technology Tourism City

A right to use the land is the Chinese equivalent of ownership, eventually the state always held the title.

Follow and Connect with us: Twitter, Facebook, Linkedin, Instagram

Team iPropUnited

Share
Published by
Team iPropUnited

Recent Posts

Ways to reduce interest rates on home loan

Buying a home is a significant milestone, but the hefty price tag isn't the only…

3 weeks ago

The Ins and Outs of Tax Lien Certificates: A Guide to Profiting from Property Tax Liens

Tax lien certificates are those that are given to investors who demonstrate their interest in…

3 weeks ago

Property Rights in Second Marriages: Rights of Second Wives and Children under Hindu Law

The Hindu Marriage Act of 1955 and the Hindu Succession Act of 1955, respectively, set…

3 weeks ago

What are the benefits of paying rent via Credit Card?

Paying a house rent is an important and recurring monthly expense for an individual. Generally,…

3 weeks ago

Under Construction vs Ready for Possession Property Investment

Investing in real estate necessitates a lot of research, legwork, and hefty investments. Hence, a…

3 weeks ago

Procedure of property transfer

You're buying or selling a property – an exciting time filled with possibilities. But amidst…

3 weeks ago

This website uses cookies.