Mumbai
The SBI had grabbed attention and market share in the competitive home loan space after it pioneered the teaser home loan scheme in February 2008 which offered a low, fixed interest rate at 8 per cent in the initial years of the loan. Later, it morphed into a floating rate at the prevailing market rate. [...] Continue Reading »
Residents have long been claiming health centers and considering the gravity of the problem, City and Industrial Development Corporation (CIDCO) is planning to open health centres at Kharghar, Kalamboli and New Panvel soon. We will open three dispensaries at Kharghar first and then will proceed to the other two nodes. Although, to give a deadline [...] Continue Reading »
The anti- encroachment department of City and Industrial Development Corporation (CIDCO) undertook a demolition drive at Sector 28 of Nerul, and razed down illegal structures there. One G+4 under construction building that had encroached on the land reserved for a garden at sector 28 on the foothills of Balaji temple was demolished on July 26. [...] Continue Reading »
Corporators, ministers, and even the chief minister have questioned the BMC’s efforts in repairing the potholes. Potholes have become a major point of argument among the political parties in the civic body. Bad roads are being discussed at every civic body meeting, and a few times, the opposition (Congress-NCP) staged walkouts. The issue has become [...] 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 »
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 »
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 »
In recent, a best case has been seen how the builders/developers exploit the consumers. In February 2001, Prashant Kulkarni booked a flat measuring around 975 sq ft for Rs 6.5 lakh in a building which was to be constructed by the builder Vijay Wagh at Kothrud. The possession was to be handed over on or [...] Continue Reading »
Mumbai has 104 million sq ft of unsold real estate. The slowdown in real estate sales in Mumbai may have intensified due to higher interest rates, which could pressure developers to bring down prices. This may not be a worrisome trend as sales are low during monsoon. Pressure will start building up only when the [...] Continue Reading »
The setting up of the Maharashtra Municipal Property Tax Board (MMPTB) was a condition of the 13th Finance Commission for releasing a Rs 1,100-crore grant to the state. The MMPTB will be expected to audit tax assessments by municipalities, recommend action in the event of incorrect valuation, settle property tax disputes and design procedures to [...] Continue Reading »
