Tuesday, 21 August 2018

BMC says 90% potholes in Mumbai fixed



August 21, 2018
According to BMC data, 2,089 complaints of potholes have been filed since June, of which 1,897 have been filled. Of the 192 pending complaints, the highest (34) are from Andheri (East), followed by Malad (21). 

In the wake of the row over filling of potholes, the Brihanmumbai Municipal Corporation (BMC) on Monday claimed they have resolved 90% of the complaints received.

According to BMC data, 2,089 complaints of potholes have been filed since June, of which 1,897 have been filled. Of the 192 pending complaints, the highest (34) are from Andheri (East), followed by Malad (21).

Civic body claims there is no pothole in Malabar Hill and Girgaum, while one each in Bhendi Bazaar, Mohammad Ali Road and Chembur. Only two potholes are to be filled in Deonar and Govandi. Civic officials claimed the month-long dry spell reduced the number of potholes.

BMC receives complaints from its website, www.mcgm.gov.in, WhatsApp numbers of 24 ward officers and its toll-free number, 1916. The civic body has to fix the potholes within 48 hours of receiving the complaints. In addition, the Urban Development Department (UDD) on Saturday issued a directive asking all municipal bodies to make public within three weeks the report on the action taken to improve roads.

Under fire for its shoddy road maintenance, BMC last month released an eight-point circular for its staff on how to fill potholes. The directives include a method to fill potholes with the cold mix (material used to fill potholes) and record the amount of material used. According to the circular, the cold mix is to be put in a pothole in a packed gunny bag. It should be used to fill potholes, but not rough patches. According to a senior civic official, the performance has improved following the circular.




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                                                                                                                 Source:www.hindustantimes.com

Saturday, 18 August 2018

Follow these startups for finding rented accommodations



August 18, 2018
Searching a house that happily turns into your home has always been a tough task demanding huge time and money investments. However, all thanks to the advent of technology, with every sector booming online, real estate sector is not far.

With the growing number of real estate start-ups, you can now rent a house online. However, like every coin has two sides, the question is how many of them are really genuine or hassle-free.

It is very challenging to get exactly what is shown on the websites or apps. Witnessing the void, here is a list of 5 start-ups which make renting hassle free:

FastFox


FastFox offers the easiest and fastest way to rent a home. How? Through its unique and one-of-a-kind open house framework, wherein FastFox identifies and 'opens' the best, most rentable properties in Gurgaon for the customers to visit during specific hours. Home-seekers can check all property related information online including 100% authentic property pictures and can then visit the properties at the designated open house time.

CommonFloor

India's premium real estate portal, CommonFloor helps the property seeker to find resale properties, residential projects and owner properties in Bangalore, Gurgaon, Noida, Chennai, Hyderabad, Mumbai, Ahmedabad, Kolkata and other cities. It offers complete details of project launches, under construction projects and ready-to-move projects with detailed description of locality, builder, price trends and features.

Makaan.com

Makaan comes with a chat interface - you can also tap buttons in the chat-bubble to use it like a GUI, and it has a great looking interface once you have carried out a search. One can add more filters, and everything is very easy to understand, making it easy for the users to search the perfect house for themselves.

Flatchat

This app provides a platform where home owners and potential tenants can share their location, find contacts in their vicinity and chat with them. It also allows you to sign up to find suitable flat mates to share a rental with. This can make the otherwise difficult process hassle free, since you can find people with the same budget and location preference as you, as well similar hobbies and habits.

Housing.com

The best part about this app is it smooth functioning map. Though the listing is not very high as compared to the other companies, it is doing pretty well in ensuring authentic and good quality property to the users. It also provides the users with the provision to see the property well, before making any decision of renting it.




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Source:www.business-standard.com


TMC plans transparent glass walkway from MH School to Jambli to beautify Masunda



Thane : The Masunda lake precincts is set for a complete revamp with a transparent glass walkway to replace the age-old paver block path that circles around this 'Jewel of Thane'. The civic administration and the public space designers are believed to be working on a plan which will not give a 'modern look' to the city's landmark but will also widen the road and decongest the bustling street. 

The initial discussion on the renovation plans was aimed to upgrade the waterfront by demolishing a part of the existing 4.5m-wide walkway by 1.5m adjoining the lake for over 300 mts. 

"The new walkway will be 1.5 m wide over the Masunda lake bank and will have a 1m steel barricade alongside. The entire 300m stretch of the walkway from Ajramarji junction to Jambli naka will have a transparent floor made of toughened glass for pedestrians to get a feel of walking over water, informed officials," a senior civic bureaucrat told TOI. 

He added that the Masunda lake is one of the most vibrant public space here and in spite of the traffic chaos and the vehicular pollution, the citizens of all ages prefer to spend quality time with their friends and dear ones. 

"It will be a totally modern pathway with a glass flooring and strategically placed LED lights to give it a very classy look," he said, adding that the adjoining motorway will be widened to create more space for easy movement of vehicles. 

The walkway would be illuminated with LED lights at night. The civic official said the project was approved by the general body of the municipal corporation in 2017 as part of lake beautification and the process of floating tenders will take off soon. 

He said the initial estimate is that the beautification project would cost around Rs 7 crores and the turnaround time will be around eight months. 

Meanwhile, environment experts have reacted sharply on this plans and claimed that this infringement could disturb the marine life. 

"Why is the administration bent on disturbing the sanctity of the lake premises in the city? The presence of pedestrians above the water surface will disturb the marine life inside the lake and illuminating it at night will further hamper their existence. The corporation should think of some other options than just adding on to the concrete jungle," said an environment activist. 

The civic officials, however, dismissed any damage to the ecosystem in the lake as the structure would be cantilever and no physical infringement with the lake will be allowed. "We are ensuring the lake premises will not be touched or the marine life inside will not be affected. We have floated tenders for the same. Trees on this stretch will not be affected," assured a civic official.




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Wednesday, 15 August 2018

MHADA to bring down flat prices


In view of piling inventory, Maharashtra Housing and Area Development Authority (MHADA) has decided to rationalise prices of its tenements that will be more realistic and affordable for the homebuyer. 

According to the state housing department, inventory worth Rs 869 crore has remained unsold for the past several years. "There are hardly any takers for the MHADA tenements. People feel prices of MHADA houses are quite high so they prefer to invest with private developers where they can get better facilities. Therefore, we have decided to rationalise the prices," said source in MHADA. 

Sanjeev Kumar, Housing secretary, said, "The new policy will be more realistic. It will be linked to the prevailing market scenario. Currently, irrespective of the market scene, MHADA keeps increasing its property rates. That is unrealistic. Therefore, we need to have a positive change that will benefit both homebuyers and MHADA." 

He said that they have to recover Rs 869 crore blocked in the stagnant inventory. "MHADA is neither a profit-making agency nor any charitable trust. We have to work on no-profit no-loss," Kumar added. 

An official said that MHADA tenement prices are fixed on the basis of its 2015 sale price policy. "While fixing MHADA tenement price, various factors are considered. These factors include contingency fund, unforeseen losses, establishment cost, development charges paid to BMC, actual expenditure and interest over-invested money. This is compound interest; therefore, the tenements cost of MHADA keep increasing despite a glut in the market. Why would people then buy MHADA houses," asked an official. 

Kumar said that they have a long-term plan to provide a roof to every resident. "We are introducing various housing policies that will also help generate more houses. By 2022, in Maharashtra alone, we plan to construct 19 lakh houses," he said.

HOMES FOR ALL


The state housing department has a long-term plan to provide a roof to every resident. By 2022, in Maharashtra, it plans to construct 19 lakh houses



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Tuesday, 14 August 2018

Mumbaikars take up self-redevelopment of old apartments



MUMBAI: In a new initiative, a number of cooperative housing societies in Mumbai have taken it upon themselves the task of redeveloping their apartments. 

The Mumbai District Central Cooperative Bank (MDCCB) is also encouraging the initiative by extending loans for the task. 

Around half-a-dozen societies in the city have got the go-ahead for self-redevelopment from the Maharashtra Housing and Area Development Authority (MHADA), an official said. 

The MDCCB has also sanctioned loans to eight societies, a MHADA official said, adding that around 500 housing societies have shown the interest in re-developing their old flats. 

Over 30,000 residential buildings in the megacity are 30 to 80 years' old and in need of re-development. 

Saidham society (building No. 149) at Pantnagar in suburban Ghatkopar has secured 80 percent approval of works from MHADA and the Brihanmumbai Municipal Corporation(BMC). 

The society's Secretary, Shripad Mordekar, said, "Our building is 52 years' old and has 32 members. We have got an offer letter from the MHADA for re-development and will submit it to the BMC soon. After re-development, each house owner would get a 1,000 sqft flat against the present 220 sqft." 

Some builders were offering 484 sqft flats to the society members, "but after self-redevelopment each one of us would get a bigger flat," he said. 

The society's plan is to build an 18-storey building with Rs 58 crore loan from a cooperative bank, he added. 

In the self-redevelopment of an old building, the society's members reap the construction bonanza which was earlier enjoyed by the builder. 

The housing societies appoint their own project management consultants, architects and contractors to execute the project. 

The state government had last year hiked the floor space index (FSI) for redevelopment of MHADA societies from 2.5 to 3, paving the way for more built-up area in flats. 

FSI is the ratio of the total built-up area to the total area of a plot. It is basically a tool that defines the extent of construction permissible on a plot. 

The Chembur-based Chitra Co-operative Housing Society has also decided to go for self-redevelopment after securing permission for it from the agencies concerned. 

The society's Secretary, K B Kadam, said they will start the construction work in the next four months. 

"Our 12-member society was offered 550 sqft flats each by a builder against the present flat area of 400 sqft. But now we are going to redevelop the apartments on our own and each member would get a flat of 1,300 sqft and Rs 38 lakh corpus fund," he said. 

Ajit Kumar, the Secretary of a Goregaon-based housing society, lauded the MDCCB for supporting the residential complexes in their efforts for self-redevelopment of flats. 

"Our construction work is about 80 per cent done, thanks to the MDCCB which offered us a loan of Rs 8 crore for redevelopment," he said. 

This would not have been possible without the bank's help, as builders had refused to redevelop the building citing the small size of the plot, Kumar said. 

When contacted, state housing minister Prakash Mehta said the government wants societies to come forward and take the initiative of self-redevelopment. 

"We are there to lend all support within the framework," the minister said. 

Housing activist Chandrashekhar Prabhu, who had launched a campaign for self-redevelopment some years back, said several builders have stalled re-development projects across Mumbai, leaving house owners in a lurch. 

He claimed that some builders have lost credibility, prompting the societies to take up the re-development work. 

"I am confident that more and more societies will come forward to reap the benefits of self-redevelopment," the former MHADA president and town planner said.



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Mumbai 1st among mega cities, does well on mixed land use, open spaces


MUMBAI: The national Ease of Living exercise by the Union home and urban affairs ministry is aimed at helping cities assess their liveability vis-à-vis global and national benchmarks and encourage cities to move towards an outcome-based approach to urban planning and management.

Mumbai scored well on identity and culture (rank 2), public open spaces and mixed land use (1), assured water supply (3) and transportation and mobility (8). Surprisingly, the financial capital ranked 63 in economy and employment, 54 in reduced pollution, 23 in governance and 36 in education.

The rankings are based on the overall scores each city got on a 100-point scale across 15 categories and 78 indicators (see box). The data was made up of what the cities furnished, a third-party survey and feedback from around 60,000 citizens “While we are glad Mumbai has ranked third, we will look at areas where the city requires improvement as well. Once we have evaluated it, we will start filling in the gaps to improve our ranking the next time,” said additional municipal commissioner Vijay Singhal.
A BMC official privy to the whole process said they collated the data sought by the state government for the report in April. “There was a live questionnaire. While around 80% of the information sought on open spaces, water supply, road network, transportation facilities like bus stations, security cameras was available with the BMC, for additional details we had to approach authorities like the MMRDA, police or Mhada,” he said.

In May, an independent team arrived and audited facilities across random locations. The BMC also had to provide water and noise samples from random locations. 

In safety, Pune and Greater Mumbai were ranked at 25 and 35 among all the cities.

What worked in favour of Navi Mumbai was governance (rank 1), education (2), health (3), transportation and mobility (4) and assured water supply (7). It was let down by power supply (74), reduced pollution (48), housing and inclusiveness (35). Municipal commissioner Ramaswami N said he is happy Navi Mumbai is marginally behind Pune. “We are just 0.09 overall points behind... Navi Mumbai has also been judged best for governance,” said Ramaswami.

Thane scored on power supply, transportation and mobility, ranking first, assured water supply (4) and employment (9). It came up short in safety and security (82), public open spaces (40), reduced pollution (53). 

“We have managed to bring Thane a long way from its identity of being a dormitory city or playing younger brother to Mumbai. It is a matter of immense pride for me that I could contribute to help the city secure an admirable place on the national map,” said municipal commissioner Sanjeev Jaiswal



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Monday, 13 August 2018

How to improve your credit score before applying for a home loan



August 2018

Improving one’s credit score has many advantages. Not only does it make it easier to obtain a loan, but it can also help the applicant to get an attractive rate of interest 

It is advisable for home loan seekers to obtain a credit report, before applying for a large loan, such as a home loan. This report, which provides a person’s credit score, can be obtained from any one of the four credit bureaus operating in the country – CIBIL, Experian, Equifax and Crif High Mark. A score between 750 and 900 is considered as excellent. However, if the score is below 675, one may need to improve the credit score before applying for a home loan.

“A good credit score can help you get a loan at a more attractive rate of interest. This can lower your interest burden by lakhs of rupees, during a loan tenure of 15-20 years,” asserts Sujit Kumar, a Delhi NCR-based lawyer, who improved his credit score, before applying for a home loan.

2 BHK Flats in Thane Ghodbunder Road
Credits : freepik.com

Immediate tips to improve your credit score


When it comes to improving your credit score, first check for any error in your lender’s record books. While you may have repaid a loan, the bank’s records may still be showing some credit outstanding against your name. Rectifying such mistakes, will improve your credit score. 

Disagreements between a lender and a borrower may also be the cause of a poor credit score. Resolving such disagreements, paying the dues and closing the loan account can boost your score.

The most important thing for a good credit score, is to make all the payments on time. If you have missed a particular payment, make amends right away by paying up.

Consolidating your credit will also help. You may have taken five personal loans. Consolidating all these loans, into a single one, will look better on your records, by indicating that you are not excessively credit-hungry.

Also, when it comes to credit card bills, many borrowers pay up only the minimum amount and revolve the rest of their credit card loan. This is a bad practice, as the rate of interest on credit card loans is very high. If you have been doing so, replace the credit card loan with a personal loan, which will bring down your interest charges and enable you to meet your dues.

Long-term tips to improve your credit score


In case you have a delinquent loan against your name and you don’t have the ability to repay right away; this is a situation that can only be remedied over a period of time. If you have a high proportion of unsecured loans, vis-à-vis secured loans, you should try to alter the mix over a period of time. 

Another behavioural change that you must make, is to avoid shopping for loans excessively. In trying to bag the best possible deal, do not apply or make enquiries at 15-20 banks. Each time you make an enquiry, it gets registered against your name and indicates that you are credit-hungry.

“If a person is too hungry for credit, it reflects poorly on his credit score,” cautions Arun Ramamurthy, director, Credit Sudhaar Services. 

Suppose that your credit card provides you with a credit limit up to Rs 2 lakh, don’t use up the entire limit as this is also perceived as a sign of credit hunger. 

Despite your best efforts, if you are not able to achieve a good credit score on your own, then, there are professional agencies that you can turn to, such as Credit Sudhaar, etc. These agencies can help you to achieve the right mix of secured and unsecured loans. They tell you about the right number of credit cards you should own, given your economic status. They also inform you about the maximum percentage of credit on your credit card, beyond which you should not go.





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Source: housing.com