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Independence Day event was successfully organized by CommonFloor in 18 apartments across Bangalore. Activities included flag hoisting, sports activity, cultural programmes and refreshments were provided to the citizens. The event was organised in – Mantri Woodlands, Mantri Residency, Mantri Tranquil, Prestige Palms, Alpine Eco apartments, Shobha Mayflower, Purva Belemont, Purva Heights, Purva Panorama, Brigade Gardenia, [...] Continue Reading »
Citizen Matters, a Bangalore based citizen oriented news magazine, has launched the first book – “Living in Bengaluru” on 4th August at Jayanagar. The book is a guide to make living in Bangalore easier. It is a compilation of FAQs and how-to articles written by Citizen Matters‘ professional journalists and experts. The book covers public [...] Continue Reading »
Goa Chief minister Manohar Parrikar has assured that he will resolve the long-pending Mayem evacuee property issue by conferring full benefits of all social legislations on Mayem residents. Even after 50 years of Goa’s liberation, the local villagers are deprived of their proprietary rights in respect of their own land due to existence of the [...] Continue Reading »
The new Maharashtra Housing (Regulation & Development) Bill, 2012, came under attack from housing experts as they labeled it ‘builder friendly’. Activists, housing societies and flat buyers claimed that not only was it poorly drafted, but also failed to maintain transparency and stated that it is a watered down version of the repealed Maharashtra Ownership [...] Continue Reading »
Any buyer of immovable property may soon be able to electronically check details regarding the property – whether the property concerned is free of encumbrances, i.e. outstanding mortgage or unpaid taxes. CERSAI, a Government company, plans to soon allow individuals to access the information recorded with the central registry. The central registry is a shared [...] Continue Reading »
Reserve Bank of India’s (RBI) decision to cut the Statutory Liquidity Ratio (SLR) has begun to show its effects. Indian Overseas Bank (IOB) has reduced home loan rates, for loans up to Rs 30 lakh, by 25-100 basis points. A 50-bps cut in auto loan rates has also been announced. IOB has reduced the spreads [...] Continue Reading »
The National Housing Bank has scrapped pre-payment penalty on dual rate housing schemes. The Reserve Bank of India, the banking regulator, has already removed pre-payment charges on dual rate schemes. Housing Finance Companies (HFCs) generally charge 2-4 per cent of the loan outstanding as early repayment charges in order to deter customers from closing the [...] Continue Reading »
Activists led by Narmada Bachao Andolan leader Medha Patkar have alleged that the much anticipated Land Acquisition Bill was actually a “diluted version” of the Standing Committee’s recommended bill. The activists under the aegis of National Alliance of People’s Movements and Sangharsh claimed that the strong position taken by the Standing Committee had been diluted [...] Continue Reading »
Finally the Delhi government is set to grant recognition to the unauthorized colonies. The government has plans to regularize 624 unauthorised colonies out of 1,639 such settlements in the first phase of regularization The first phase is likely to be completed soon as all concerned agencies including ASI, Forest Department, Delhi Development Authority (DDA) , [...] Continue Reading »
The Noida Authority has given relief to cooperative group housing flat owners who had failed to get their properties registered after purchasing stamp papers within the Supreme Court’s deadline of January 26, 2012. The Authority has decided to exempt them from paying the penalty of Rs 100 per day for the period after the purchase [...] Continue Reading »
