MUMBAI: The repo rate hike by RBI comes as a dampener of the Diwali festive spirit, according to Mr. Lalit Kumar Jain, National President of CREDAI (Confederation of Real Estate Developers Associations of India). As we have been saying the rate hikes coming very frequently will prove to be counterproductive since the move will have a cost-push impact rather than… (more…)
Mr. Kamal Nath, Minister for Urban Development has laid emphasis on fast -tracking of decisions on various issues related to the Delhi Development Authority (DDA). Addressing a meeting of senior DDA officials on 19th October 2011 Mr. Nath underlined the importance of having lucid and user friendly regulations/guidelines/procedures which can be easily understood by the public. The Minister added that… (more…)
Lord Venkateswara of Tirupati has many devotees in Bangalore. So his temple trust has built the god a home in the city. Kavitha Srinivasa pays a visit. Every time Vijay Mallya buys a new aeroplane for his Kingfisher Airlines he sends it to take a flying circuit of the Tirumala Temple at Tirupati in Chittoor District, Andhra Pradesh, to seek… (more…)
The comptroller of housing finance companies declared that “home loan providing companies will no longer charge any penalties on floating rate loans. However, in the matter of fixed rate loans, it has given provision to those borrowers who will pay from their ‘own sources’ like saving from income or borrowings from kins, payment will be exempted from levy. Contrary to… (more…)
The housing finance regulator National Housing Bank has asked to housing finance companies to make sure that both the old and new borrower has been levied on the same interest rates regardless of when the loan was taken. Article source: http://www.accommodationtimes.com/real-estate-news/charge-uniform-interest-to-both-old-and-new-customers-nhb/
Stranded in the rainwashed hills of Uttarakhand, Suman Dubey wonders why it had to be so. And this (above) is what it was from about the same place after two days of incessant rain. Click here to visit SME Buzz Also Read Related Stories News Now Also Read Related Stories News Now – Markets to remain… (more…)
Even Reserve Bank of India (RBI) emphasizing to the top banks of country to charge low rates to home loan borrowers (old customers) whereas they are just using lower home loan rates to attract new borrowers. But on the other hand lenders still denying the RBI proposal saying cost mismatch. Article source: http://www.accommodationtimes.com/real-estate-news/major-banks-denied-rbi-proposal-to-levy-customers-on-uniform-home-loan-rate/
According to the recent reports housing societies which are considered as a boon for the not-so-rich to own a plot or an apartment in cities now has become a den for the irregularities in property dealings in Karnataka. Reports cited that “several societies are under the government’s scanner due their illegal connections with the legislature and another with the judiciary.”… (more…)
The Rann of Kachchh is fast becoming the favourite destination for Indian bikers. Avantika Bhuyan finds out what makes the Rann an attractive proposition. It was a hot day in March 2011 when Arvind Singh first beheld the desolate beauty of the Rann of Kachchh. It is a sight he hasn’t been able to forget. Kilometre after kilometre of bare… (more…)
Mumbai: The Property Expo 2011 was the first ever Property and Housing Finance Exhibition organized in Boisar on 15th – 16th October 2011 by Indigofera Events and Exhibition Management. The Exhibition was Inaugurated by Mr Rajendra Gavindh, State Minister, Maharashtra and Mr D K Raut, President of TIMA(Tarapur Industries Manufacturing Association). This Expo was organized to highlight the ongoing and… (more…)