Home Loan
In 1985, BDA passed a notification to acquire survey number 75 in Nagawara for forming the HBR II Stage layout, and the related acquisition was done in 1988. Bangalore Development Authority (BDA) officials on Tuesday recovered four acres of prime land worth Rs 300 crore in Nagawara, North Bengaluru. A building and sheds were erected there illegally, said, officials. [...] Continue Reading »
KOCHI: Kochi Corporation had served a draft bylaw for assuring the individual requirement of building ruins in 2016. Though the city has experienced construction growth, the local body is however to execute it. The draft bylaw was assumed to be relevant to all materials employed for the construction of buildings and other structures. The bylaw addresses it [...] Continue Reading »
The Real Estate Regulatory Authority of Uttar Pradesh (UP RERA) has written to over 1200 developers asking them to apply for a stress fund announced by the central government. The UP RERA authority said in a media release that the action has been taken in order to make sure that the promoters of such projects are informed [...] Continue Reading »
Junior Finance Minister Anurag Thakur said in a reply to a question in the Lok Sabha that these properties have been seized through Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, Debts Recovery Tribunals, and National Company Law Tribunal among others. He further added that there are other 64,400 properties [...] Continue Reading »
In an attempt to help the NBFCs and real estate companies, the center is considering more relief measures for both underscore sectors. In the last few months, the government has announced or initiated some measures to sharp reduce liquidity and credit crisis in the economy. Source states, the government is considering the option of relieving [...] Continue Reading »
The Karnataka Govt plans to revisit existing affordable housing schemes that offer subsidies on home loans and replace them with interest-free home loans. This is part of the government’s mission to support PM Modi’s ‘Housing for All’ scheme. The government plans to build 19 lakh houses in 30 months. If everything goes as per the [...] Continue Reading »
NEW DELHI: A bill that endeavors to implement and provide a legal framework to impart ownership rights to those residing in unauthorized localities in Delhi was included in the Lok Sabha on Tuesday. Urban Affairs Minister and Union Housing Hardeep Singh Puri presented the National Capital. The territory of Delhi (Recognition of Property Rights of Tenants in Unapproved [...] Continue Reading »
In March 2015, the Reserve Bank of India (RBI) changed the norms for home loans of up to Rs.10 lakh. Now, banks are allowed to include stamp duty, registration charge and documentation expenses to calculate the total cost of a unit. Currently, these charges form around 15 percent of the cost of the house, and [...] Continue Reading »
The Congress is mired in controversies. Besides allegations that it gave an interest-free loan to Associated Journals Ltd. With an eye on real estate assets, recent discoveries have revealed that the company that owns the now-defunct National Herald and Quami Awaz had been allotted a prime plot of land in 1983. Information accessed through the [...] Continue Reading »
A $500-million loan agreement has recently been signed by India with the World Bank. The $500-million loan will be granted to India by the International Bank for Reconstruction and Development division of the World Bank. The grace period of the loan will be 5 years; with a maturity of 18 years. The loan amount will [...] Continue Reading »
