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Builders to gain as Centre okays Coastal Zone Management Plan for Mumbai
MUMBAI: After more than a decade, the Coastal Zone Management Plan (CZMP) for Greater Mumbai has finally been approved by the Union environment ministry. This will set the stage for towering structures near the underpinning as originators can now take two-and-a-half times the construction rights on similar plots. Earlier, construction was limited because of their proximity (500m 500m) to the coast under Coastal Regulation Zone (CRZ ) II. Official sources said the very charts are hoped to be
Why Diwali might be the best time to buy a house
The greatest banks and developers in India are banking on you for a revival. On offer are credits with 10-year-low loan costs, deferred payments, discounts. Some banks are even foregoing charges. A flush of cash from Mint Street helps the autumn in rates, letting lenders go all bent woo a comparatively safe set of borrowers to cushion a Covid blow to asset quality. Kotak Mahindra Bank, Bank of Baroda, State Bank of India, Punjab National Bank, are among the banks who have slashed home loan
Home-Seekers To Invest Between Rs 90 lakh And Rs 2.5 Crore
Covid-19 has altered home-buyers preferences, with the second wave being a big change catalyst. Over 34 per cent of respondent home-seekers during a survey said they focused on properties priced between Rs 90 lakh to Rs 2.5 crore. While 35 per cent favoured properties priced between Rs 45-90 lakh, just 27 per cent of respondents voted in favour of affordable housing (priced but Rs 45 lakh), as per the CII-Anarock Consumer Sentiment Survey. “The budget range which this survey identifies
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