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Maftlal Group’s Scion Buys SoBo Apartment Worth Rs 8Vishad P Mafatlal, managing director, Mafatlal Denims has purchased a luxury duplex apartment in Lodha Group’s Altamount towers. Located at Altamount Road in south Mumbai, the apartment has been purchased for Rs 89 crore while Rs 4.45 crore has been given as stamp duty. The bare-shell apartment is spread in an area of 10,000 sqft and sits on the 10th and 11th floor of the tower. Here’s all you need to know about the apartment and the project.
Can A Home Loan Turn Into A Bad Debt?Home loans are the debts that are considered good debts by sector experts. However, this standard definition may not be true for all cases.
Court Stays Construction Work In Noida’s Express ZenThe Allahabad High Court has ordered to stop the construction work at Noida Sector 77 project, Express Zenith till July 10. The order has come on the basis of an appeal made by one of the homebuyers alleging that the builder has constructed floors beyond the permitted limit sanctioned by the Noida Authority.
RBI’s Tweaking Of Lending Norms Makes Affordable HouThe affordable housing segment will get a boost with the Reserve Bank of India on June 6 raising the loan limits under priority sector lending. The RBI has decided to revise the housing loan limits for PSL eligibility from Rs 28 lakh to Rs 35 lakh in metropolitan centres and from Rs 20 lakh to Rs 25 lakh in other centres.
Explaining NRI Investments In India's Real EstateIndia has a policy for non-residents which invites them to invest in the Construction and Development sector. For investment in independent premises, the policy is open only for NRIs.