House/Villa for Rent in Lower Parel Mumbai

BKC will not remain 'just a commercial hub' but is fast emerging as a residential hotspot.

After missing many deadlines, Phase-II of the Mumbai Monorail will be operational soon. The route, which was slated to get operational in December 2017, got delayed due to shortcomings found in the safety parameters. While Phase-I operations are still suspended after the fire broke in two coaches of the Monorail rake in November last, the state government has shelved all Monorail projects that were proposed in the metropolitan region (MMR) due to financial reasons.

While giving its order on a case where the assesse owned three properties and made changes during actual assessment, the Mumbai Bench of the Income Tax Appellate Tribunal said that the Income Tax Act nowhere stated that the option of selecting a self-occupied property, once exercised, cannot be changed.

Taking a home loan is a long-term commitment, and it can create a lot of burden for the borrower if it is not planned carefully. The amount runs into several lakhs, and the duration can be as long as 20 years. That is why even a slight rejig can result in big savings; all you need is access to the right information. Here goes a quick snapshot for you.

Call it the carrot-and-the-stick approach. Banks are now tying up with information bureaus and government agencies to gauge how diligent a borrower you have been in the past, and are going to reward you for that. Earlier they decided whether to lend you or not depending on your credit score. Now, your credit score may also be instrumental in deciding the rate at which you will be offered a loan.