Lalababu

02/05/2016

25/04/2016

LALA NEWS
All residents must have access to common areas: Court

NEW DELHI: Common areas in a housing block like terrace or parking space cannot be under the exclusive control of just one flat owner. These areas should be available for the use of all those who live in the same block, a trial court has said.

The court's order assumes significance as there is no legislation regarding the usage of such areas.

"Ground floor residents cannot deny access of common areas on the ground level to those on the upper floors. Similarly, those on the upper floor cannot deny access of top floors/roofs to those residing on lower floors ," additional district judge Kamini Lau said.

19/04/2016

Lala News :-
NEW DELHI: Too much money, too few deals. That's what is pushing non-banking finance companies (NBFCs) and private equity funds to further reduce interest rates on debt deals with real estate developers.

In the 18 to 24 months, interest rates for debt deals, which are mostly structured transactions, have dropped by 1-2%. For instance, transactions before 2014 were being inked by investors at anywhere between 19% and 20%. Since the mid of 2014, however, they have gradually come down to between 16.5% and 18%, say NBFCs and funds.

"There is a migration to back better quality developers and to finance better quality projects, which is leading to competitive pressures and, therefore, the rates are coming down," said Sanjay Grewal, chief executive officer of NBFC Altico Capital, which is looking to invest around Rs 2,500 crore in tier-I cities this year.

18/04/2016

LALA NEWS :- Demand from small city keep Housing Credit Strong.

17/04/2016

Lala News

20/03/2016

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