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The Gulmohur Residents Association, in its legal notice to the company, said that the building was constructed in violation of various Development Control Regulations (DCR) and has asked it to desist from selling it to a third party till the floor space index issue is resolved. Vibhav Krishna, advocate for the association, reported saying, “the [...] Continue Reading »
The National Housing Bank (NHB) raises provisioning requirement for doubtful assets up to 100%, asks housing finance companies to set aside 0.4% loans as buffer. The new guidelines are aimed at protecting the health of HFCs when concerns over possible asset quality deterioration increases manifold amid rising interest rates, but industry captains said their prising [...] Continue Reading »
The residents of Mohali are over running with stray canines. Authorities, meanwhile, have turned a blind eye to this menace as only 18 complaints in three months have made it to their complaint diary. Many of the residents reported saying that they are even scared to take a walk in the streets. Residents of Mohali [...] Continue Reading »
The concept of Green Buildings envision is a new approach to save water, energy and material resources in the construction and maintenance of the buildings and can reduce or eliminate the adverse impact of buildings on the environment and occupants. Getting conscious about the environment after feeling the environmental responsibilities, the way people try to [...] Continue Reading »
In Kolkata, Mumbai and New Delhi flats are yet to be constructed with the best of best luxuries in them. In Gurgaon, developer M3M has recently launched homes based around the sport of Polo. Here, the developer has tied up with Polo player Adhiraj Singh, who runs Equisport Management, to offer Polo training and horse [...] Continue Reading »
Home Loan rates have been increasing frequently. Unfair penalty has been levied on the Home Loan Borrowers. Bankers’ contention that the charge is being levied only if the borrower closes his loan by transferring his account to another lender is perverse. Bankers know that most of their borrowers do business in a competitive market. It [...] Continue Reading »
Guwahati Municipal Corporation (GMC) additional commissioner S Thiek reported saying “commuters used to find it difficult to travel when the organization used to clear garbage between 7 am and 3 pm. “The change, effected from September 1, has been made keeping the convenience of city dwellers in mind. The Supreme Court had ruled that residents [...] Continue Reading »
Political and revenue tough decisions have been changed frequently resulting in the high rise in water tax in Kolkata. Mamta Banerjee has been around handling issues against water tax since the time Subrata Mukherjee was a mayor in the year 2000. The fact lies on the other side that Kolkata Municipal Corporation has been secretly [...] Continue Reading »
Recent power tariff hike has been protested by the Resident Welfare Associations (RWAs) across Delhi announced by the Delhi Electricity Regulatory Commission (DERC). Delhi Medical Association and other organizations are considered roping in to support them. Delhi Medical Association president Dr Vinod Khetrapal said, “At least 15,000 doctors of the Delhi Medical Association are supporting [...] Continue Reading »
The formalized RWC (Resident Ward Committee) Scheme has taken first step forward , Delhi mayor Rajni Abbi addressed a meeting of the convenors of the first 70 wards where RWC is so far been formed . The Mayor reported saying that the RWC scheme has the potential to introduce accountability and transparency in the Civic [...] Continue Reading »
