What is low cost rental housing scheme? I heard it is coming up in Mumbai.
Low cost rental housing scheme of accommodation is for poorer sections of society who needed to stay in a city and were not able to pay high rents. Yes this scheme will be started soon in Mumbai by Mumbai Metropolitan Region Development Authority. The total number of tenements to be built is around 5 lakh units.
I read in paper that a flat in Mumbai has been sold for 7 crores. Please give more details about it ... [more..]
Yes, you are correct! A 4 BHK flat in suburb at Khar in Mumbai has been sold for 7 crores. It was of 3,250 sq ft, located on Khar Road No. 14, and has Italian marble flooring with modular kitchen and contemporary light fittings. Ongoing residential rates in Khar are in the range of 18,000 per sq ft to 25,000 per sq ft.
The Mumbai Auto-rickshaw Women's Union is likely to call another strike to fulfil their demands and ... [more..]
The people of Mumbai are going to suffer again as the auto union will be on strike again if the State Commissioner is not accepting their list of demands. According to the sources, the union demand includes hike in fare, prepaid autos in the airport, shuttle in the suburbs. The senior officials of the state government commissioner's office has given a hike of 50 paise recently so there is no point of giving another hike.
How CAGR is related to Real Estate?
CAGR is a Compounded Annual Growth Rate. It is used to measure the investments over a given period of time. According to the sources, Mumbai Real Estate is expected to have the highest CAGR of 14% between 2011-2015.
Compounded Annual Growth Rate (CAGR) is the growth rate over a period. It is also used in business to report on a specific part of its operations, like revenue, subscriber growth etc.The CAGR is rate at which your revenue, population or business grows over a period. CAGR=(Current Value / Beginning Value )^(1/# of Years)-1
I heard that South Mumbai is having horrible condition regarding the power cut and the offices are a ... [more..]
I am a resident of Mumbai and we are suffering a lot with the power cuts problem, the places like Nariman point and Cuffe Parade are in the worst condition and the rural area people are facing load-shedding for 16 hours daily. The offices had to stop their work because of the power cut, banks and insurance company are facing huge losses as they are not able to do the transactions timely and they are also allowing their employees to leave office early as they cannot generate business.
I have already taken a home loan and paying the installment every month including the interest rate. ... [more..]
Yes, of course you can take a home loan to pay-off an existing home loan. Balance Transfer Loan is a type of home loan that helps you to do so. You can avail this type of loan with a lower rate of interest.
HI, which are the new emerging areas, where the prices are expected to rise in 2 to 3 years time?
Pune City has expanded along its boundaries, giving rise to emergence of new residential and commercial hotspots suc as Undri, Nigdi, Chikhali, Moshi, Bhosari and Phursungi.
Undri attracts distinct cosmopolitan crowd, having many prominent places such as Country club, Multiplexes and shopping malls. The property rates are still appreciating and the future has many new things for this suburb in South Pune.
I want to apply for State Bank of India home loan. So, before applying for it, I want to know about ... [more..]
State Bank of India home loan comes with some good features. Its interest rate is very low and it is applied on daily diminishing balance basis. You can repay the loan within the age of 70 years. You don't need to pay administrative charges or application fee. There's no capital on maximum loan amount for purchase/ construction of house/ flat.
A lot of care is needed while buying new flat to avoid legal hassles. If proper planning is not done prior to property buying, your property can turn into a nightmare. A well thought out helps you to avoid future problems and buying an apartment that meets your requirement. Here are some of the tips that might help you to buy an apartment or property. http://www.commonfloor.com/articles/15-things-you-should-know-before-buying-a-house-5741.html
How do you convert leasehold to freehold property?
A leasehold property owner can convert leasehold property to freehold property if the owner has owned leasehold property with general power of attorney (GPA), NOC or documents to convert property. In some specific areas such as Delhi NCR, Gurgaon property owners have never converted their property due to hefty conversion cost or cumbersome process of conversion. You can get more information about it after reading http://www.commonfloor.com/articles/freehold-property-has-better-marketability-6108.html
The word “title” is a legal term that means you have legal ownership of property. When you buy a home you need to ensure that the people selling it actually have legal title.It marks clear distinctions between a legal and illegal property. If title is not clear or marketable it will cause problem in future and financial institutes refuse to finance on such properties. There is an article on Checklist for Buying a Property
