After a long lull, home sales are finally gaining momentum in the realty market. Sales of major real estate developers have more than trebled in the June quarter compared to the previous three months. DLF has sold 2,500 apartments in the first quarter of the current fiscal, compared to nearly 600 in the quarter ended [...]

Hot on the heels of hastening the planning permission mechanism for small buildings, the Chennai Metropolitan Development Authority has initiated steps to put the approval process for multistoreyed buildings (MSB) also on fast track in the Chennai metropolitan area. Only recently, the regulatory agency had done away with the necessity to obtain seven out of [...]

Deciding a complaint filed by Panchkula resident Birbhan Goyal, the consumer forum held on Tuesday that enhancement in the rate of
interest in case of home loan is illegal and unwarranted. Imposing a penalty of Rs one lakh, which the bank will pay to Goyal, the forum said, ‘The bank is directed to overhaul accounts of [...]