mohan.m
Q: I have heard a news that the Bombay High Court batted with the BMC for not paying importance to the road condition of Mumbai, can any one tell me what is the next step that we can take to improve the deteriorating condition for the roads of Mumbai.

Latest Answer: Mumbai roads are full of potholes with different size and open careless manholes which is very risky. It is high time that we should take some steps and urge the BMC people to pay some attention in the infrastucture of the road, atleast they should make some plain roads so that we can travel with our own vehicles instead of traveling by buses or autos as the auto fare has also gone up. As I have shifted to Mumbai for past 10yrs am suffering a lot.

Q: Looking out for Residential Solar System for my new apartment .Please let me know about the cost and setup.

Latest Answer: I have already used it for my apartment.It is very effective and good.I would suggest everyone to try this

Q: I am planning a room for my kids.Can anyone give me some ideas about the storage ?

Latest Answer: Certainly At Bonito Designs we recommend incorporating versatile and playful storage solutions for your kids room. For more detailed ideas check out our blog on kid-friendly room design.

Q: Professional property management services in India. Specifically in Bangalore and Delhi.

Latest Answer: Professional Property Management provide a number of services including tenant screening, debt collection, payment of mortgage or any other bills pertaining to your property as well as any needed repairs. Residents are unable to get rental accommodation at affordable prices in metros; apartments get simply locked up without letting out due to lack of professionalized organization to manage the assets in the absence of owners. Today, there is a demand for property management from apartments. Several real estate management firms provide property investment in India for residential, commercial and retail properties for thriving metropolitan hubs such as Delhi, Mumbai, Chennai, Bangalore, Gurgaon and other major cities.

Q: Can you send me some details about it ? I am unaware mortgage..looking for your help

Latest Answer: Mortgage is the agreement between the lender and the borrower in a property deal. A mortgagor is the borrower in the agreement who pledges his home for taking up a loan from the mortgagee or the lender. One of the fundamental legal rights of the mortgagor is the right to redeem. The natural owner of the property has the inherent right to re-transfer his property to anybody else. It is right of the mortgager to make the lease of the property whenever he desires for any purpose. It is his right to ascertain whether the property mortgaged is maintained properly or not. The mortgagor has the right to access into the property at any time.

Q: fixed-interest-rate home loan scheme was launched by ICICI recently in august. Now the buzz is about HDFC doing the same.Has anyone explored about it ?

Latest Answer: Hi, We are here to help you. Please send us your contact details at care@icicibank.com and we will get back to you. Kindly refer "2236528" in the subject line. Regards, ICICI Bank Customer Service Team

Q: Hi, I am looking out for applying for Home Loan.But I am not aware of the rules and regulation and the procedure to be followed while applying for home loan.Please help me with the guidelines

Latest Answer: Before applying for a home loan, you will have to submit all the necessary documents and fill out all the required forms to the bank that is offering you the loan. The general rule is that government banks have some stringent eligibility criteria such as minimum monthly salary, and also your present property info that you possess. Private banks are known to waive off these criteria although, there are some banks who follow. You may have to pay the loan processing fee which is usually 0.5 to 1% of the total loan amount. This charge is for verifying all the documents, estimating the value of your present properties and other personal information of yours.Probably the most important stuff to consider while applying for a home loan is the interest rates and the Tenure. If you choose Floating rate, you will have to pay the EMI based on the current market value. So, if the rates are high, you end up paying more than the usual amount. Here, the loan tenure will also increase proportionately.

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