Property for rent in Sector 84 Gurgaon

The Greater Noida Industrial Development Authority is ready to allot 1,246 possession-ready homes, starting October 10. Affordably priced between Rs 28-74 lakh, these 1, 2 and 3BHK units are located at Sector 12 and Omicron 1. The scheme was launched on October 2 and will close on November 12 this year.

In a bid to address the liquidity crisis in the housing finance sector ahead of festive season, the National Housing Bank has increased the refinancing limit to Rs 30,000 crore from Rs 24,000 crore for non-banking financial companies.

After over 2,000 protesters, which included representatives from homebuyers and business forums, staged a dharna in front of its office in Sector 6 on October 4, the Noida Authority has decided to roll back its earlier decision to impose parking charges on spaces outside the city's industrial units. It has also promised it would convert all leasehold properties into freehold, a long standing demand of the city residents.

At a time when real estate developers in the city were pinning their hopes on the festive season to revive sales, the Gurgaon administration has proposed to raise circle rates by up to 25 per cent. This could be this year’s third rate hike; rates were earlier hiked in February and April, each time by up to 15 per cent. The revised rates will come into effect on October 19.

MakaanIQ explains difference between home loan and mortgage loan, variation in interest rates and why home loan is cheaper than a mortgage loan. The basic difference is the fact that the mortgage loan is acquired against the property which the borrower already has while a home loan is taken to build an asset or a security.