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Mumbai Builder Fails To Deliver Apartments; Faces PrOver 2,500 homebuyers have launched a protest against Jaycee Homes and JVPD Properties Limited for failing to deliver apartments in the given time and also compensating them for the delay caused in about four real estate projects.
Did You Know About This Hidden Cost Called FrankingFranking Charges are among the many hidden charges a homebuyer must pay to the bank when availing a home loan for buying a property. Franking is a process to stamp property documents, carried out using franking machines. When an applicant approaches an authorised bank or a franking agency, a stamp or a denomination is affixed on the agreement document thus indicating that the stamp duty has been paid. Banks or agents, franking the documents, often charge a fee for providing the services, which could be 0.1 per cent on the sale value or loan amount, in some states.
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.
Indian Cities That Are Free From Air PollutionA recent report published by Greenpeace India listed 280 Indian cities ranked according to their particulate matter (PM10) levels. Among many cities in north India which have dangerously high PM10 levels, the national capital was at the top spot. Hassan in Karnataka has consistently appeared among the least polluted cities in India with a PM10 level of 26 microgram per cubic metre (µg/m3). Few cities in Kerala, Telangana, Tamil Nadu, Odisha, West Bengal, Meghalaya and Chhattisgarh managed to scrape through with PM10 levels lower than the annual permissible concentration of 60 µg/m3 set under the National Ambient Air Quality Standards (NAAQS).
Know Your Tax Benefits As A HomebuyerMakaanIQ talks about the tax benefits you can avail of on a home loan.