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Benami transactions are one of the ways in which black money is circulated and invested. The Benami Transactions (Prohibition) Bill 2011, introduced by Finance Minister Pranab Mukherjee, will replace the existing Benami Transactions (Prohibition) Act, 1988. The Bill seeks to prohibit the holding of property in benami and restrict the right to recover or transfer [...] Continue Reading »
Lawyers in Delhi, Mumbai, Bangalore and Kolkata have been approached by people whose dream homes remain a distant dream as real estate developers keep postponing projects and missing delivery deadlines. The Competition Commission of India (CCI) order has come as a huge boost to those looking for relief as some have decided to move the [...] Continue Reading »
The sewage treatment plant has the capacity to treat 20 million litres daily (MLD) sewage and is expected to cost Rs 10 crore. However, residents around Boottee street area are opposing the project and want the cantonment to rethink the plan. The spot chosen is very close to a school. It was expected that the [...] Continue Reading »
The need to establish a development authority and Gurgaon getting a peanut of the revenue it generates are the two issues which MP Rao Inderjit Singh has been raising for the past few years. The mayor and his team’s decision to pass resolutions on the issues show how the “team” picked up by Singh has [...] Continue Reading »
572 apartments were to be constructed for both serving and retired central government employees in Tiruvallur district. Many have invested all their earnings in the project, being promoted on the outskirts of the city. Buyers have not only paid the entire cost as per the original agreement with the promoter, but have also paid about [...] Continue Reading »
Navi Mumbai, that could once boast of offering houses at moderate prices is now burning a hole in a buyer’s pocket. Residents are not happy with the scene. What they want is that the place must go back to its original plan of offering affordable homes. The town witnessed a good housing growth till five [...] Continue Reading »
Several banks had reduced their yearly business growth targets following slowing in credit offtake on account of increasing interest rates. The Reserve Bank of India has raised policy rates 11 times in the past 16 months, making funds dearer. Banks are looking to boost credit growth, which has suffered due to high interest rates. Most [...] Continue Reading »
The government version of the Lokpal Bill has draconian provisions to silence the voice that points out corruption. The bill gives enough time to the corrupt to destroy evidence and trap the complainant. Residents’ Welfare Associations (RWAs) from all over the city, including Defence Colony, East of Kailash, Vasant Kunj, Dwarka, Rohini, Rajender Nagar, Gandhi [...] Continue Reading »
ICICI Bank will offer customers the option to choose a fixed rate of interest for one or two years, after which it will charge applicable floating rate depending on its base rate. The bank’s base rate is at 10% now. Customers opting for the product, which would be available from Friday, would have to pay [...] Continue Reading »
Property can be a great source of income for your retired life or in case you lose your job, as many people have in last couple of years. There is no doubt that property is a great help if the investment is made at the right time. Those who invest in realty should have a [...] Continue Reading »
