Tag: Virar

Impact of Budget 2012 on Mumbai’s Real Estate.

The extension of 1% interest subvention scheme on housing loans up to Rs 15 lakh wherein the cost of the house does not exceed Rs 25 lakh, for another year will also help sustain demand for affordable housing in Mumbai. The increased allocation for highways and other infrastructure projects will help boost development of Mumbai’s […]

Home loan interest cut won’t help flat buyers of mumbai

Home buyers looking for flats on the outer fringes of Mumbai and other cities like Nashik and Pune will benefit the most from the reduction in the interest rates by public sector banks on Monday. Public sector banks announced that home loans up to Rs 5 lakh would be given at a maximum interest rate […]

MMRDA Plans 5 Lakh Homes

There is a severe shortage of houses in Mumbai but, there is no dearth of government agencies wanting to build houses. The Mumbai Metropolitan Region Development Authority (MMRDA), which normally plans and executes infrastructure projects, has proposed to build 5 lakh houses in the Mumbai Metropolitan Region (MMR) over the next 5 years.Maharashtra Housing and […]

Concept Of Zero Rental Enters Into Mumbai suburbs

Zero rentals for residential flat is fast gaining popularity in the extended suburbs of Vasai-Virar. But there’s a catch. Pay a heavy deposit, which is returned when the leave-and-licence agreement comes to an end, provided the house is returned to the owner in its original condition. Owners are encouraging zero rentals in return for “heavy […]