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Water meter reading project which was discontinued in April has been resumed by the BMC. They have already started installing the meters. 90% of the meters that were installed earlier were non-functional and the civic body had been charging consumers on the basis of last consumption. According to the hydraulics department, around 51,500 water meters [...] Continue Reading »
Reserve Bank of India (RBI) said floating rate home loans will be spared penal charges in case of prepayments. Besides the decision on home loans, the action points include measures to protect customer interest in unauthorized ATM transactions, and a policy for compensation to customers for mental harassment. The regulator for housing finance companies like [...] Continue Reading »
Lucknow Development Authority (LDA) records show that a large number of people are yet to get their properties registered. The revised circle rates by District magistrate (DM) have put an impact on the realty prices in the open market but also add to the burden of people who are yet to pay the stamp duties [...] Continue Reading »
The District Collectorate has decided to upload on the Internet details of all ongoing projects in Pune and the status of various permissions granted to these. The status of the pending government permissions of all major ongoing construction projects that require approvals from the District Collector can be checked online. Permissions for areas outside the [...] Continue Reading »
Sahara group of companies to face more trouble in future as ministry of corporate affairs (MCA) has expressed its support to market regulator Sebi’s June 23 order against the two companies of Sahara. Both Sebi and MCA work in tandem for protecting rights of small investors. Securities Appellate Tribunal (SAT) is scheduled to hear the [...] Continue Reading »
15,000 flats has been completed by Delhi Government for the rehabilitation of slum dwellers. It was announced on Monday that the allotment of 7,000 flats will start in October. Government is also mulling to pay the share of Rs.60,000 for the eligible SC/ST slum dwellers for flats and a proposal regarding this is under consideration.” [...] Continue Reading »
New land acquisition law has been cleared by Union Cabinet on Monday.The bill, which seeks to replace colonial era legislation and hopes to draw a line under a hugely sensitive issue, offers generous compensation for land owners in the form of subsistence allowances, annuity payments, employment and a share in any future appreciation of the [...] Continue Reading »
Haryana Urban Development Authority (HUDA) to get roads of better quality at several locations. Officials said that about 26km of city roads would be covered under this initiative. The special repair design is aimed at the roads’ longevity as it would include their maintenance for five years, which will be part of the tender document. [...] Continue Reading »
Bombay High Court on Monday while asking Brihanmumbai Municipal Corporation to ensure that precautions are taken by developers during construction of high rises referred to a recent incident when a coconut tree in a municipal garden killed a top official of a private equity firm. “Trees are falling in your gardens. People are dying,” remarked [...] Continue Reading »
ICICI launched its dual-rate home loans scheme nearly a month back where customers can choose a fixed rate for one or two years, HDFC unveiled ‘Fixed First’, a home loan where interest rates are fixed for the first three or five years and then shifted to floating rates, on Monday. For loans up to Rs30 [...] Continue Reading »
