Loan Against Property: What are the Documents Need?

Whether it is the marriage of your daughter / son weighing on your mind or / your son/ daughter going abroad for higher studies, financing these expenses can sometimes become a worry. The best solution is to take a loan against property. It is a loan given after the property i…

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SEBI Imposes Rs.1 Crore Penalty on Rose Valley Real Estates and Constructions..!

Market regulator SEBI has imposed Rs.1 crore penalty on Rose Valley Real Estates and Constructions for not providing details sought by the market regulator in a case charging the company of issuing debentures illegally. The case is related to a probe by SEBI over allegations …

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HDFC Bank: Cuts Lending Rates by 0.1%..!

HDFC Bank has decided to cut its benchmark lending rates (BLR) by 0.1% with effect from March 30, 2013 The base rate, or the minimum lending rate, of India's second largest private sector bank will become 9.6 % from the existing 9.7%. At the same time, the benchmark prime…

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Fight Currency Risk: BRICS Nations Approve $ 10,000 Fund..!

Leaders from Brazil,Russia,India,China & South Africa (BRICS) approved a $ 10,000 Cr fund to combat currency crises, while failing to reach an agreement on financing for a development bank. China may provide the bulk of the funding for the foreign currency pool, Russian …

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IRDA Raises Third-party Motor Cover Premium from April 1, 2013..!

The premium rates applicable to motor third party liability insurance business will be effective from April 1, 2013 in India. Insurance Regulatory and Development Authority (IRDA) on recently raised the premium of the mandatory 3rd party motor insurance cover by over 10 % to 2…

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Tamil Nadu: Rs. 1.8 Cr. Compensation Awarded in Road Accident Case.!

A whopping compensation of Rs.1.8 crore was awarded by the Tamil Nadu State Legal Services Authority, through the system of Lok Adalat, to the family of a software engineer who died in a road accident 2 years ago. Mr. V. Kanagasabapathy (35), Senior Systems Administrator, wa…

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TASMAC Wine Shop : Violation of MRP Complaints Telephone Numbers 044- 2854 2303, 044 - 2852 1970 and 044 - 2852 4608..!

TASMAC SALES TURN OVER..! Tamil Nadu State Marketing Corporation Limited (TASMAC) has had a steady growth in its sales turnover over the years starting at Rs.139.41 Crores in 1983 - 84, it has increased to Rs.7335.00 Crores in 2005-06. SALES TURNOVER..! Before take over of Ret…

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National Property Index : Above 65% Demand for Multi-storey Apartments..!

Ghaziabad, Mumbai, Hyderabad, Pune, Delhi, Kolkata, Chennai, Gurgaon and Noida witnessed a rise in city index values..! . Despite weak real estate buyer sentiment, the National Property Index went up by above 3% in the 2012 October-December quarter over the preceding 3 months…

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Possible Violations in Collective Investment Schemes of Real Estate companies..?

The rapid real estate development in India has been rather fascinating and has enticed many to participate in the exuberance, where we have witnessed skyline of cities changing. The growing appetite for risk supported by rise in income levels has also encouraged many to gain…

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Affordable Housing : Rs. 12 lakh to 25 lakh Range, 300 sq. ft and 645 sq ft. in Gurgaon Soon..!

Property prices have shot through the roof in Gurgaon, making it difficult for a person belonging to low-income group to own a house in the city. The Haryana government has given shape to a housing policy to provide affordable housing for members of the EWS (economically wea…

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