Friday, April 17, 2015
All you need to know about NRI home loans
Whether you are a Vijay Desai, a retired stock exchange broker living in Mumbai’s Kalbadevi Road or a Rima Mukherjee, a head honcho in one of Dubai’s leading recruitment company, the desire to own a home is ubiquitous. Magicbricks data indicate India as a popular investment avenue not just with resident Indians but also with Indians posted offshore or on secondments to international destinations. United Arab Emirates, United States of America and United Kingdom are the leading countries who look up for realty updates in Magicbricks. If you are planning to apply for a home loan while posted abroad, there are a few things which you should know.
Let our cities first be sustainable and smart
Smart cities make more efficient use of physical infrastructure (roads, built environment and other physical assets) to support a strong and healthy economic, social, cultural development.
They also engage effectively with local people in local governance and decision by use of open innovation processes and e-participation with emphasis placed on citizen participation and co-design, and they help learn, adapt and innovate and thereby respond more effectively and promptly to changing circumstances.
The state and central government are fully aware about this menace but stay silent to address this serious health hazard. The Apex Court, the National Green Tribunal and the Pollution Control Boards of Delhi and the neighbouring States of Uttar Pradesh, Haryana have already sounded alarm bells about the deteriorating air pollution of Delhi.
Wednesday, April 15, 2015
Mumbai promises home for everyone
Every Mumbaikar would be finding a home in their budget very soon. Even though Mumbai real estate market is the most expensive in the country, government initiatives will make affordable housing a reality.
Recently Prakash Mehta, Housing Minister recently announced government’s plan to construct affordable houses in Mumbai. This would be constructed not just in Greater Mumbai region but also on the outskirts to provide a roof overhead.
“Constructing affordable housing projects in Mumbai region would be a challenging task. However, building those on the outskirts can be a good idea if infrastructural development is ensured. Good schools and colleges, medical facilities and quality living should be focused upon, otherwise we would end up in creating more slums,” says Mohit Verma, co-owner, Prenatic Properties and advisories.
Larger than life dreams to push Mumbai realty?
Often termed as the city of dreams, Mumbai is actually a destination where most money-makers want to live. To give these dreams a reality touch, the Mumbai Metropolitan Region Development Authority’s (MMRDA) has planned big for the city, yet another time.
This time MMRDA would not just be constructing new infrastructure but also developing and upgrading the existing ones such as modernizing Bandra-Kurla Complex (BKC) and extending monorail and metro rail line to planned areas.