Mumbai is the financial as well as the entertainment capital of India. The city of dreams attracts millions of people to its shores. However, due to land scarcity the realty prices of the city have skyrocketed. Even the rentals have become quiet unaffordable and therefore many people who are looking to invest in the city are looking to invest in ready-to-move-in-properties in Mumbai.
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Ready to move in properties : Mumbai
RBI announces third rate cut In five monthsThe Reserve Bank of India (RBI) has again slashed its key interest rates by 0.25%.from 7.5% to 7.25% in its monetary policy review. It is the third rate cut in the Interest rates over the past 5 months. The reduction in repo rates will escalate 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 announcement are expected to do so now.
Real estate regulation and development bill: ImpactThe cabinet has approved the much-awaited Real Estate (Regulation and Development Bill). The real estate players see this bill as a welcome step as it focuses on eradicating the malpractices prevalent in the sector. The formation of the proposed Real Estate Regulatory Authority, would help to keep a check on the developers, which would build a positive image of the realty sector in the long run.
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Is Owning a House A Luxury or A Necessity In Today'sHouses are a necessity but they do much more than that.
last update - 23-01-2017