The Delhi government has come out with a draft parking policy, which proposes checks on multiple ownership and roadside parking of vehicles, through taxes and charges, for better management of the limited parking space … READ FULL STORY
The Reserve Bank of India’s (RBI’s) move, to reduce risk weights and standard asset provisioning on individual housing loans, are credit negative for banks, because lower capital requirements will weaken banks’ protection from the … READ FULL STORY
Due to the options of staggered payments and lower rates, many people opt for an under-construction property without realising its financial risks. Here are some of the benefits of a ready-to-move property as compared … READ FULL STORY
Union Housing and Urban Poverty Alleviation (HUPA) minister, M Venkaiah Naidu, on June 13, 2017, said that the scope of the centre’s flagship Pradhan Mantri Awas Yojana (PMAY) programme, will be extended to private … READ FULL STORY
A joint study by IIT-Kharagpur and the Indiana University of Pennsylvania, will look into the increasing presence of non-biodegradable chemicals in the water of Kolkata’s endangered wetlands. “Our joint study will deliberate on what … READ FULL STORY
A Bombay High Court division bench of justices VM Kanade and MS Sonak, on June 13, 2017, allowed an application filed by the Mumbai Metro Rail Corporation Ltd (MMRCL), seeking permission to cut 108 … READ FULL STORY
A Bombay High Court division bench of justices VM Kanade and MS Sonak, on June 13, 2017, asked the Ministry of Civil Aviation (MCA), to take a serious note of the rising number of … READ FULL STORY
Reduction in loan-to-value ratio While lending money against any tangible security, the lender can advance a loan up to a certain percentage of the asset’s value. This is called the loan-to-value (LTV) ratio. This … READ FULL STORY
Maharashtra chief minister Devendra Fadnavis, on June 12, 2017, reiterated that there will be no extension for registration of ongoing projects, beyond July 31, 2017, under the Real Estate Regulatory Authority. “As far as … READ FULL STORY
The Thane Municipal Corporation (TMC), in an affidavit submitted on June 9, 2017, before a division bench of the Bombay High Court of chief justice Manjula Chellur and justice NM Jamdar, said that the … READ FULL STORY
Real estate major DLF Universal, on June 9, 2017, moved the Delhi High Court against its single judge’s order, appointing a local commissioner to inspect one of its residential projects in the national capital. … READ FULL STORY
Greater Noida, Noida and Yamuna Expressway Authorities boards, have allocated a total of Rs 18,669 crores this fiscal, for the development of the tri-cities. The Yamuna Expressway Industrial Development Authority (YEIDA), approved Rs 4,156.13 … READ FULL STORY
The Delhi High Court has stayed the recovery proceedings against real estate developer M/S Proto Developers and Technologies Ltd, over its alleged failure to repay a loan amount of over Rs 3 crores to … READ FULL STORY
