With a growing focus on affordable homes and "Housing for All", real estate stakeholders are increasingly emphasizing on the use of new and innovative construction techniques. One such technology is MIVAN shuttering which is being promoted for its ability to aid mass construction activity. What Is MIVAN Technology? Factually, MIVAN is an aluminium formwork system manufactured by...

In real estate, people often use the terms - agreement of sale and sale deed - as synonyms. However, both are very different and executed at separate events. Agreement of Sale validates the seller and buyer entering a deal whereas Sale Deed legally identifies the new buyer as the owner of the property. When buying or selling immovable property, it is imperative to safeguard the activity through a legal...

Any development of layout exceeding an area of 4000 sqm will require a reservation of 20% of the built-up area for EWS (economic weaker section) and LIG (low income group) households. Incentive FSI of 20% will be provided to the developer and tenements will be handed over to MHADA at the ready reckoner rate. There is an amendment by Urban Development Department that the builder now need not have to...

Housing loan is a long-term financial commitment as it involves a larger loan amount and a longer tenure. The approval of home loan application ultimately depends on the borrower’s credit score and their ability to make margin contribution or down payment as well as the ability to make timely repayment in the future. Ask yourself the following questions for evaluating your preparedness for availing...