Real Estate Industry Buzz
RBI Hikes Home Loan Limits Under Priority Sector Lending
The affordable housing segment will get a boost with RBI on June 6 raising the loan limits under priority sector lending (PSL), and the government deciding to use surplus land of sick PSUs for construction of such dwelling units. In another development, the President has promulgated an ordinance...Read more
Simpler Process Awaits Flat Owners In Pune To Regularize Unauthorized Const
Regularization of unauthorized changes made internally by flat owners may soon be simpler with the civic body planning to do away with the practice of obtaining no objection certificates from housing societies. If the Pune Municipal Corporation (PMC) has its way, the flat owners can directly app...Read more
Over 4.5 Lakh Property Owners To Benefit From Free Road Accident Insurance
Over 4.5 lakh property owners in the Pune Municipal Corporation (PMC) limits have a reason to cheer. They will be entitled to a special road accident insurance cover of Rs 5 lakh for free. The insurance cover is a reward to these citizens for paying the property tax before the deadline of May 31....Read more
FIR Against 11 For Building Illegal Colony In Pataudi
The department of town and country planning (DTCP) has recommended an FIR against 11 persons for carving out an unauthorised colony in Pataudi. A DTCP team had razed the colony on April 30, demolishing 54 structures. On June 5, the office of DTCP (enforcement) wrote to Police Commissioner Sandeep...Read more
