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The President of Maharashtra Chamber of Housing Industry says, “Festival brings happiness and people afford to purchase new home and vehicle. As per the Indian tradition, people purchase on the auspicious occasion of Dussehra and Diwali. He also reports saying there is a good growth in sales during these festivals”. Mumbai is yet to start [...] Continue Reading »
Layout Regularisation Scheme (LRS) applicants were asked by the Greater Hyderabad Municipal Corporation (GHMC) to clear their dues of penal amount and submit Urban Land Ceiling Certificate (ULC) by September 30. 15,790 applicants and plot owners are yet to pay the dues but are not doing it on time. Some plot owners have not submitted [...] Continue Reading »
Kolkata High Court admits that a plot in the Bow Street was sold twice has been entangled with legal issues. On Wednesday the, High Court admitted a petition seeking revaluation of this plot in the Bow Street also mentioned that it has directed the petitioner to serve legal notices to both the owners of that [...] Continue Reading »
To pay 20% of total cost of the apartment initially in Purvankara Projects and rest only at the time of possession, the realty developer has come up with a 20/80 deferred payment scheme. The interest cost on the 80% of the value of the apartment till possession will be bear by the company itself. EMIs [...] Continue Reading »
HDFC posted a marginal growth in the net profit; however LIC Housing and Dewan Housing both reported a severe drop in the financial market. During the month of June 2011, both of these financial sectors reported a severe decline in sanctioning loans and there are few borrowers approaching them for funding. The actual impact is [...] Continue Reading »
Home loan borrowers are now facing a tough time as there is a slight raise in the EMI (Equated Monthly Installments). Banks have agreed to increase pre-payment charges at the meeting with RBI (Reserve Bank of India). The Central Government is concerned about the home loan burden on the loan borrowers. Henceforth they have put [...] Continue Reading »
Ashok Bagga, President of Greater Kailash RWA at a large gathering at south Delhi RWAs on Wednesday said that: “The RWA is participating in the movement on part of the posh colonies like Defense Colony, Chittaranjan Park, Saket, Alaknanada and nearly hundreds of RWAs had filed objections for the proposal by the discom to raise [...] Continue Reading »
Noida Authority has come to a mandatory conclusion for the builders and the developers to get consent from allottees if the builders want to make changes in their layout plan. Regular complaints concerned unwarranted changes are carried out by the developers in the layout of a housing plan. The Noida Authority has come forward to [...] Continue Reading »
The Realty Giant DLF is likely to approach the Compat (Competition appellate Tribunal) to challenge the order by Competition Commission of India (CCI) to pay Rs 630 crores penalty for the abuse of the dominant market position. This challenge on the order is on the basis of Competition Commission of India’s classification of DLF as [...] Continue Reading »
A new housing infrastructure is soon to be completed in Chennai. There is likely more number of housing projects yet to come into floors near Chennai City to meet the segments of the society. Ms. Jayalalitha, Chief Minister of Tamil Nadu announced that Rs, 2,160 crore has been declared as a fund for the upcoming [...] Continue Reading »
