Purchasing a house is a strange combination of emotion and monetary concerns. In majority of the cases, the choice of property investment is driven by a strong intent. But without money, intent can hardly … READ FULL STORY
Even as 34,398 projects worth Rs 11.5 lakh crore are registered with the Maharashtra Real Estate Regulatory Authority (Maha RERA), 2,800 projects worth Rs 90,000 crore have lapsed, mentions a ToI report. According to … READ FULL STORY
The district-level consumer panel in Mumbai has directed a Borivali housing society to pay Rs 1.25 lakh as compensative to an owner over its failure to address a leakage complaint. Stating that a housing … READ FULL STORY
Community certificates indicate membership in a particular community to prove that a person belongs to a specific caste. As per the Indian constitution, the government considered that Other Backward Castes (OBCs), Scheduled Castes (SC), … READ FULL STORY
When banks process home loan applications, they apply several benchmarks to decide a borrower’s credit-taking capacity. As your application moves from one level to another, banks communicate this through various documents. The most common … READ FULL STORY
Builders in India must mention the “non-negotiable” clauses at the time of providing agreement to sale, the Maharashtra Real Estate Regulatory Authority (RERA) has ruled. The state authority issued a notification in this regard … READ FULL STORY
India’s largest public lender State Bank of India (SBI) has hiked interest rates across lending benchmarks in the range of 25 to 35 basis points. To be effective from December 15, 2022, the rate … READ FULL STORY
Cost of construction has increased 28% when compared to the average in November 2021 (pre-pandemic period), shows a recent report by property brokerage firm Colliers India. However, appreciation in construction costs continue to be … READ FULL STORY
State can’t charge stamp duty on registration of relinquishment deeds through which a family member gives up his share in a property for another family member, the Gujarat High Court (HC) has ruled. The … READ FULL STORY
Those planning to buy a property by taking home loan need to understand the nitty-gritty of this financial service. Getting clarity about various components of home loan is one of the first steps in … READ FULL STORY
The MCLR serves as a benchmark rate or reference rate inside the financial organisation. The methodology for determining the bare minimum interest rate on a mortgage loan is defined by reference to the marginal … READ FULL STORY
The Public Investment Board (PIB) has approved the proposed extension of Noida’s Metro’s Aqua Line from Sector 51 to Knowledge Park-V in Greater Noida. The board under the finance ministry has approved Rs 2,197 crore … READ FULL STORY
The government’s National Smart Cities Mission is an urban redevelopment and retrofitting initiative to develop citizen-friendly and sustainable smart cities throughout the nation. To kick off the Smart Cities Mission, Prime Minister Narendra Modi … READ FULL STORY
