Indian Tycoons

The Municipal Corporation of Delhi (MCD) has announced a major step in property tax collection. In order to increase revenue and reduce tax evasion, the corporation has decided to involve private companies in the process. Tenders have already been issued, and once companies are selected, they will be given contracts to carry out field surveys, register new properties, and ensure proper recovery of taxes. The move is expected to significantly boost the civic body’s income, which is crucial for maintaining Delhi’s infrastructure and services. Let us take a closer look at the decision, its potential benefits, and challenges ahead. Why This Decision Matters Property tax is one of the most important sources of revenue for municipal bodies across India. It helps fund civic services such as: Road maintenance, Drainage and sewage management, Waste collection and disposal, Street lighting, Parks and community facilities. For a city like Delhi—with a population of over 2 c...

गुरुग्राम, जिसे देश का कॉर्पोरेट हब कहा जाता है, अब एक अजीब और विवादित नियम के कारण चर्चा में है। हरियाणा सरकार की नई Stilt + 4 Policy के तहत, अगर कोई मकान मालिक अपनी जमीन पर चार मंज़िला घर बनाना चाहता है, तो उसे पड़ोसी से लिखित NOC (No Objection Certificate) लेना अनिवार्य कर दिया गया है। पहली नज़र में यह नियम सुनने में सामान्य लगता है, लेकिन हकीकत इससे कहीं ज़्यादा जटिल और विवादित है। कई मामलों में, पड़ोसी अब इस NOC को एक सौदेबाजी का हथियार बना रहे हैं और लाखों रुपये की मांग कर रहे हैं। नतीजा यह कि घर बनाने का सपना लोगों के लिए अब सिर्फ इंजीनियरिंग या आर्किटेक्चर का नहीं, बल्कि बातचीत और मोलभाव का विषय बन गया है। नई पॉलिसी क्या कहती है? हरियाणा सरकार ने हाल ही में Stilt + 4 Policy लागू की है। इस नीति के तहत: मकान मालिक अपनी ज़मीन पर चार मंजिला घर बना सकते हैं। चौथी मंज़िल बनाने के लिए पड़ोसी की लिखित सहमति (NOC) लेना अनिवार्य है। अगर पड़ोसी NOC नहीं देता, तो मकान मालिक को 1.8 मीटर का सेटबैक छोड़ना होगा। इस सेटबैक से जमीन का एक हिस्सा इस्तेमाल नहीं हो पाएगा, जिससे ...

Fixed Deposit (FD) has always been one of the most trusted and widely used savings instruments in India. Whether it is a salaried employee, a business owner, or a retired person, FD is often the first choice when it comes to safe and predictable investments. The Reserve Bank of India (RBI) has recently decided to keep the repo rate unchanged , which means banks have not cut their FD interest rates. This is good news for investors because many public and private sector banks are still offering attractive FD returns. Among them, Indian Bank , a leading public sector bank, is currently offering one of the most rewarding FD schemes. If you invest ₹2,00,000 for 2 years , you will earn nearly ₹27,000 as interest , making it a highly profitable yet safe investment option. Let’s take a detailed look at the FD rates, maturity benefits, and why Indian Bank’s FD can be a smart choice for investors. Why Choose FD in Today’s Time? With inflation on the rise and market-linked investments like ...

Owning a home in a city like Mumbai, Thane, or other urban parts of Maharashtra is a dream for millions. With real estate prices skyrocketing year after year, buying a house in the open market has become extremely difficult for middle-class and lower-income families. To address this problem, the  Maharashtra Housing and Area Development Authority (MHADA)  has been providing affordable housing options through its lottery system for decades. Thousands of people apply for the MHADA lottery every year, and many lucky winners finally get their dream home. However, once you get a MHADA house, one big question arises:  Can you sell it? Can you rent it out? What rules do you need to follow? If you have similar doubts, this article will give you a  complete guide to MHADA property rules —written in simple and easy language, so that you clearly understand what is allowed, what is not, and what steps you must take if you want to sell or rent a MHADA flat. What is MHADA and Why ...

 महाराष्ट्र के शहरों—खासकर मुंबई, ठाणे, पुणे और अन्य तेजी से बढ़ते शहरी इलाकों—में प्रॉपर्टी रीडेवलपमेंट पुरानी आवासीय इमारतों के लिए जीवनरेखा बन गया है। हज़ारों हाउसिंग सोसाइटीज पुरानी, जर्जर और असुरक्षित इमारतों को तोड़कर उनकी जगह आधुनिक, सुव्यवस्थित टॉवर बना रही हैं, जिनमें ज्यादा जगह, बेहतर सुविधाएं और संपत्ति का बढ़ा हुआ मूल्य मिलता है। लेकिन लिफ्ट, पार्किंग, जिम और गार्डन के सपनों के पीछे एक सच्चाई छुपी है जिसे बहुत से लोग देर से समझते हैं—रीडेवलपमेंट एक कानूनी और प्रक्रिया-आधारित भूलभुलैया है। एक छोटी सी गलती आपको बिना घर, बिना किराए और सालों की कानूनी लड़ाई में फंसा सकती है। इन सभी नियमों में एक सबसे अहम नियम है: रीडेवलपमेंट का आधिकारिक प्लान मंजूर होने से पहले कभी भी बिल्डर को अपना फ्लैट खाली न करें। यह नियम क्यों ज़रूरी है जब बिल्डर रीडेवलपमेंट का काम लेता है, तो उसे पूरी इमारत का विस्तृत नक्शा (लेआउट, सुविधाएं, स्ट्रक्चर, एफएसआई का इस्तेमाल) तैयार करना होता है। यह नक्शा नगर निगम या प्लानिंग अथॉरिटी को मंजूरी के लिए भेजा जाता है। मंजूरी मिलने के बाद ही बिल्डर कानूनी रूप स...

In India’s urban housing landscape, disputes over maintenance charges are as common as parking space arguments or festival decoration debates in the lobby. While residents often unite over community celebrations, they frequently disagree when it comes to money — especially how much each flat owner should pay for building upkeep . This disagreement has resurfaced in recent weeks due to a Bombay High Court ruling concerning a well-known Pune apartment complex — Treasure Park , home to 356 members. The court’s decision reignited conversations in housing WhatsApp groups, sparking confusion and heated debates: Should larger flats pay more maintenance? Does the High Court decision apply to all housing setups, including co-operative societies? Or is this ruling relevant only to apartment ownership models? To answer these questions, we need to clearly understand the legal difference between co-operative housing societies and apartments under the Maharashtra Apartment Ownership...

A new savings account policy by ICICI Bank has triggered strong reactions from customers, civil society groups, and financial experts. The private sector banking giant has raised the minimum average balance (MAB) requirement for savings accounts in metro and urban areas to ₹50,000 — five times the earlier threshold of ₹10,000. The new rule took effect on August 1, 2025 , and applies initially to new accounts opened on or after this date. For existing accounts, the earlier MAB limits still apply, but industry observers believe a similar revision for older accounts could follow in the coming months. From ₹10,000 to ₹50,000 – A Sharp Jump Under the new policy: Customers in metro and urban branches must keep an average monthly balance of ₹50,000. The requirement is calculated over the month, meaning customers can balance out lower daily amounts by maintaining higher balances on other days. Falling short will lead to penalty charges , which could be as high as ₹500–₹1,000 pe...