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If you are a fan of Bollywood, you must have heard of Shahrukh Khan, the King of Romance, who has charmed millions of people with his acting skills and charisma. But do you know where he lives? Well, he lives in a stunning six-storey mansion called Mannat, located at Bandstand in Mumbai.
The Maharashtra Housing and Area Development Authority
Soon after India achieved independence, the Maharashtra Housing Board was established in 1948. The board undertook the construction of affordable housing projects in the state (except the region of Vidharbha) and allotted these residential units to the public. Later, in the 1970s, the Bombay Slum Improvement Board was set up for the redevelopment of slums and the provision of utilities for slum residents. Eventually, in 1976, with the passing of the Maharashtra Housing and Area Development Act, all these responsibilities were taken over by the Maharashtra Housing & Area Development Authority (MHADA), which became the nodal agency for offering low-cost housing in Mumbai and for coordinating the efforts of nine different housing boards spread across the state.
Commercial real estate can be a highly profitable investment, but it can also be a complex and risky venture. Whether you are a seasoned real estate investor or just starting out, it is essential to have a solid understanding of how to maximise your returns from commercial real estate.
Boasting its brilliant connectivity to Navi Mumbai, Dombivli and Kalyan, Badlapur has seen immense residential growth in Thane. It is a micro-market for real estate with outstanding physical and social infrastructure. The highlight being ample residential property options within specified budgets.
If you search for a flat in Mumbai, you may spend months deciding on a suitable locality. You’ll probably need a locality close to educational hubs, your office, hospitals and some recreational facilities. Following all of that, good real estate projects should be available at reasonable pricing.
The pros and cons of owning villas vis-à-vis apartments are matters of intense debates among homeowners. Personal preferences and pragmatic considerations colour these debates but as a prospective home owner, it is important that you understand the advantages of both types of properties before you make an investment. There is not simple answer to the question – Villa or apartment, which is better? The decision is often a matter of balancing budget with comfort.
Land encroachment is a serious problem in India that has been going on for decades. It refers to the illegal occupation of land that belongs to someone else. In India, the land is considered one of the most valuable assets, often passed down from generation to generation. However, with the rapid increase in population, urbanisation, and industrialisation, the demand for land has increased significantly, leading to land encroachment.
There are a lot of factors you consider while buying a home, courtesy of the enormous capital involved in the transaction. Nevertheless, India's real estate sector continues to grow by leaps and bounds, expected to reach 13 lakh crores by the end of this year. Speaking about the steps a buyer takes before investing in these fixed assets, let us look at some.
Land, property, and gold - these have been the main indicators of wealth in India over the ages. This gives rise to the concept of ancestral property, which represents both a legacy and a symbol of ancestral wealth. While social, religious, and economic influences and attitudes have changed considerably, ancestral land and immovable property are still considered sacred in many ways. In many cases, such ancestral property may also be the source of family disputes and contention. A clear understanding of who the legal heirs of an ancestral property are, can help resolve most of these and help you plan your financial future. Here are the top 5 facts you must know about ancestral property.