#WeeklyRoundup: Maharashtra Govt Approves Extra FSI For Redevelopment
Maharashtra government has approved extra floor space index (FSI) for redevelopment of mills, chawls and dilapidated buildings. The decision will lead to the redevelopment of the over 100-year-old Model Mill Chawl and encourage people residing in dilapidated structures to redevelop their homes.
The Trump organisation has decided to terminate "exploratory" talks over projects in Pune. Real estate developer Panchshil Realty confirmed that the plan for the second project with Trump Organization in Pune had been dropped long back. “The environment in Pune is not conducive for sale of luxury projects. Nobody buys a Rs 20 crore flat here,” said Atul Chordia, chairman, Panchshil Realty.
PropTiger and Housing.com have come together to Become India’s Largest Digital Real Estate Company. The joint entity will be led by PropTiger CEO Dhruv Agarwala, and both brands will continue to run as separate entities.
Soon your credit rating may decide your home loan rate. Bank of Baroda (BoB), which announced lowest rates on home loans, will be the first bank to link interest rates on home loans to credit scores of borrowers. The bank will initially rely on credit scores of Credit Information Bureau of India (CIBIL) wherein those with scores above 760 points will be charged 8.35 per cent.
Former football star David Beckham and his wife Victoria are reportedly moving to their new country mansion worth five million euros in Cotswolds. The couple is said to have bought the luxury property in South England near the exclusive Soho Farmhouse and decided to move out of their current house in Holland Park.