Flat owners now can conjointly raise voice against the builders to NCDRC, stated by SC

 By Mitali Joshi  Accommodation Times Bureau Supreme Court recently appended the right of the flat owners who can stand together and raise voice against the misleading builders to the national consumer forum. According to the Consumer Protection Act, the plea could be registered directly to the National Consumer Disputes Redressal Commission (NCDRC)

Priority of Mortgage Defaults

By Accommodation Times Archives The housing finance companies and the Banks, whether in public sector or private, hereinafter referred to as the financial institutions, have been providing financial assistance for the purpose of acquiring residential houses, commercial premises or towards working capital against security of immoveable properties either by way of

Reduce your home loan EMI this way

By Dr Sanjay Chaturvedi, PhD, LLB (Gen) Accommodation Times News Services Reducing EMI on our home loan always saves you that extra money which is needed to full fill the gap. First of all choosing the home loan provider is very necessary. A comparison chart on this website must be looked upon

Fixed v/s Floating Interest rate on Housing Finance

By Dr Sanjay Chaturvedi, PhD, LLB (Gen) Floating rate of interest is most preferred by housing finance companies since risk of major change in interest rates reduces because of fluctuation in the interest rates. For borrower, it is high risk game. In 2006 those who have taken loans on 7.5% floating,

Loan on Home for retirement

By Accommodation Times News Services What is a Reverse Mortgage? Reverse mortgages enable house owners to access the money they have built up as equity in their houses. Unlike an ordinary mortgage, which involves payments by the borrower to the lender, a reverse mortgage involves payments by the lender to the borrower.

Home Loans On Discount

ICICI Bank and Kotak Mahindra Bank joined the State Bank of India (SBI) and HDFC Ltd to offer discounted loans. ICICI Bank would offer new loans at a fixed rate of 8.25 per cent for the first two years, irrespective of the loan amount. The ICICI offer would be applicable to