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A major step has been taken in Delhi regarding property tax. The Municipal Corporation of Delhi (MCD) has decided to involve private companies in order to make tax collection faster, more transparent, and more effective. For this, the department has already issued tenders, and soon, selected companies will be given contracts. With this move, Delhi’s property tax system may see significant changes. This decision is expected not only to increase revenue but also to curb tax evasion, which has been a constant issue for years. Let us understand in detail what this new MCD model is, how it will work, and what impact it will have on the people of Delhi. Why is Property Tax Important? Before we get into the new decision, it’s important to understand why property tax is levied and how it is used. Property tax is the biggest source of income for any municipal body. It is through this tax revenue that local governments build and repair roads, clean drains, maintain parks, install streetligh...

In one of India’s fastest-growing cities, owning and building a home has never been easy. Skyrocketing land prices, regulatory hurdles, and high construction costs already make Gurugram a challenge for homeowners. But a new rule by the Haryana Government has added yet another obstacle: the requirement of a neighbor’s No Objection Certificate (NOC) before building certain types of houses. The rule, introduced under the Stilt + 4 Policy , was meant to improve housing availability and urban planning. Instead, it has created a wave of disputes, financial demands, and rising frustration among citizens. What was supposed to be a pro-housing policy is now being called by many a “neighbor tax.” The Policy in Brief The Stilt + 4 Policy allows residents to construct four-storey homes on their plots. This comes as part of Haryana’s larger effort to meet growing urban housing needs. However, the policy includes a catch: To build the fourth floor, homeowners need written consent (NOC) fro...

भारतीय परिवारों में निवेश की परंपरा काफी पुरानी है। लोग अपने भविष्य को सुरक्षित करने और महंगाई से बचाव के लिए अक्सर ऐसे साधनों में पैसा लगाना पसंद करते हैं जो सुरक्षित (Safe) और निश्चित रिटर्न (Guaranteed Returns) दें। इन्हीं साधनों में से एक है – फिक्स्ड डिपॉजिट (Fixed Deposit / FD) । एफडी को निवेश का सबसे भरोसेमंद साधन माना जाता है क्योंकि इसमें जोखिम लगभग शून्य होता है। आपको पहले से ही पता होता है कि मैच्यॉरिटी पर कितनी राशि मिलेगी। इसी वजह से करोड़ों लोग अपनी जमा-पूंजी को बैंकों की एफडी योजनाओं में लगाते हैं। अगर आप भी एफडी में निवेश करने की सोच रहे हैं तो आपके लिए अच्छी खबर है। पब्लिक सेक्टर के इंडियन बैंक (Indian Bank) ने हाल ही में अपनी एफडी ब्याज दरों (FD Interest Rates) को अपडेट किया है। खास बात यह है कि यहां निवेश करने पर आपको बढ़िया ब्याज दर मिल रही है। अगर आप 2 लाख रुपये की राशि को 2 साल के लिए एफडी में लगाते हैं तो मैच्यॉरिटी पर आपको लगभग 27,000 रुपये का पक्का मुनाफा मिलेगा। आइए विस्तार से जानते हैं कि इंडियन बैंक की एफडी दरें क्या हैं, किन लोगों को कितना फायदा मिलेगा...

Owning a home in Maharashtra, especially in cities like Mumbai, Thane, Navi Mumbai, or Pune, is becoming increasingly challenging due to high real estate prices. While private developers continue to push property rates beyond the reach of the middle class, government bodies such as MHADA (Maharashtra Housing and Area Development Authority) provide a ray of hope to thousands of families. Every year, MHADA organizes housing lotteries that give common citizens a chance to own a home at a much lower cost compared to market prices. Winning a MHADA flat is often considered a once-in-a-lifetime opportunity. But with this opportunity come questions and responsibilities. Two of the most common questions are: Can you sell a MHADA flat? Can you rent it out? The answer is not straightforward because MHADA has put strict conditions in place. Why Are MHADA Flats Different From Market Flats? MHADA flats are not like regular flats you buy from a private builder. They are subsidized home...

Redevelopment of old properties has become a major trend across Maharashtra. In cities like Mumbai, Pune, Nashik, Nagpur, and others, thousands of housing societies are opting for redevelopment to replace aging, unsafe buildings with modern, well-equipped structures. While redevelopment can bring larger homes, better amenities, and a higher property value, it also comes with legal, financial, and procedural complexities that every property owner must understand before making a decision. One of the most critical rules for property owners is: Never hand over possession of your flat to the builder before the redevelopment plan is officially approved by the competent authority. Ignoring this rule can put you in a vulnerable position where you may lose both your current home and your legal rights over the future flat. This article will explain why plan approval is so important, what steps are involved in redevelopment, the role of legal agreements, and how to protect your rights througho...

भारत के शहरों में, मेंटेनेंस शुल्क को लेकर विवाद उतने ही आम हैं जितने पार्किंग की जगह या त्यौहारों की सजावट को लेकर होते हैं। त्योहारों में तो लोग मिलकर खुशियां मनाते हैं, लेकिन जब बात हर महीने कितना पैसा देना है इस पर आती है, तो अक्सर मतभेद और बहसें शुरू हो जाती हैं। हाल ही में, मुंबई उच्च न्यायालय के एक फैसले ने इस बहस को और हवा दे दी है। पुणे के एक मशहूर अपार्टमेंट प्रोजेक्ट — ट्रेज़र पार्क , जिसमें 356 सदस्य रहते हैं — से जुड़ा यह मामला चर्चा का केंद्र बना। कोर्ट के फैसले के बाद लोगों के मन में सवाल उठने लगे: क्या बड़े फ्लैट वालों को ज़्यादा मेंटेनेंस देना चाहिए? क्या यह हाई कोर्ट का फैसला सभी हाउसिंग सोसायटी पर लागू होगा? या फिर यह सिर्फ अपार्टमेंट्स के लिए है? इन सवालों का जवाब पाने के लिए हमें सहकारी हाउसिंग सोसायटी और अपार्टमेंट ओनरशिप मॉडल के बीच का कानूनी अंतर समझना ज़रूरी है, क्योंकि मेंटेनेंस के नियम दोनों के लिए अलग हैं । 1. मेंटेनेंस शुल्क क्यों लिया जाता है कानून की बारीकियों में जाने से पहले यह समझ लें कि मेंटेनेंस शुल्क की ज़रूरत क्यों होती है । ह...

A major change in the country’s banking sector has caught the attention of millions of customers. Leading private sector lender ICICI Bank has made a big amendment to its savings account rules. Now, customers living in metro and urban areas will have to maintain a minimum average balance (MAB) of ₹50,000 in their savings accounts. Earlier, this limit was just ₹10,000 , which means it has now been increased five-fold . This new rule came into effect on August 1, 2025 , and for now applies only to new savings accounts . The bank has not yet clarified when or how it might impact existing account holders. However, ever since this announcement, debates have intensified among the public, civil organizations, and financial experts. What is the New Rule? ICICI Bank has announced that: Metro and urban area customers opening new savings accounts must maintain a Minimum Average Balance (MAB) of ₹50,000. Previously, this limit was only ₹10,000. The new rule became effective from...