green lotus saksham
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4 Banquet Halls Sealed In Gurgaon Over Property TaxThe Municipal Corporation of Gurgaon on April 10 sealed four banquet halls — Vatika Garden, Shyam Vatika, Lotus Garden and Yadav Garden. Together, the four operators owe the municipal body about Rs 51 lakh as property tax. This is the first time in a decade that the MCG has initiated such an action —many of the banquet hall owners have not paid their property tax for 10 years now.
Vastu Tips To Attract Wealth To Your HomeVastu, the ancient study of architecture, is a widely accepted system for creating a positive environment and attracting wealth. So, if you want to attract wealth to your home for a prosper life there are certain Vastu tips you could follow. Construct the locker room in the north direction, known to be ruled by God of wealth Kuber. This ensures smooth cash flow. Also, adorning the main entrance of the house with an image of goddess Lakshmi is known to attract wealth. Read here for more.
What Did 2017 Mean For Real Estate Developers, BrokeThe year 2017 has been a roller-coaster ride for all the stakeholders of the real estate sector. After the Narendra Modi-led government announced demonetisation in November 2016, the industry was trying to recover from the setback it caused. However, introduction of new laws such as the Real Estate (Regulation & Development) Act, 2016, and the Goods and Services Tax further slowed the pace of property sales across the country. Even cheaper home loans did not encourage homebuyers to invest. However, in the end, all the newly introduced reforms did discipline the players in the sector with stringent rules and penalties for violations. Industry experts believe that 2018 would be a year that will witness sales picking up.
Joint Developments Could Be Good News For Home BuyerMany organised players of the Indian realty market have started adopting a development model based on joint development agreement (JDA) with landowners. Projects developed on the JDA model are expected to greatly benefit end-users.
RBI Surprises With a Repo Rate CutIn another surprise move the Reserve Bank of India (RBI) has announced a second rate cut of 25 basis point cut in its benchmark interest rates, outside the regular policy review. The reduction in repo rates will accelerate the downward movement of deposit rates which translates into lower rates for borrowers. The banks which did not revise their benchmark base rates during the last rate cut announcement are expected to do so now.