How Can You Apply For Maharashtra Lottery Housing Scheme & Check Its Results?

The Maharashtra lottery Housing scheme of 2019 is a popular, affordable housing scheme that aims at offering low-priced housing facility to specific groups of people in Maharashtra. The said scheme has promised to construct over 1300; low-cost houses built as per RERA Maharashtra guidelines to the people of the state via a lottery system.

Here’s how you can apply for the lottery housing scheme –

MHADA lottery housing scheme

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RERA Act

What is the Function of RERA Act in Maharashtra?

The RERA (Real Estate Regulatory Authority) was passed by the Parliament of India in May 2016, to facilitate transparency in the real estate sector of the country. The act aims to benefit home buyers, builders, developers, brokers, and stakeholders.

RERA Act functions in every state of India, each having its separate regulatory body, such as RERA Delhi, RERA Punjab, RERA Karnataka, and so on. The equivalent existing in Maharashtra is MahaRERA Act.

RERA Act Motives

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Net Working Capital: Here’s Anything and Everything About It

Working capital (WC) is the total amount invested in a business to meet its daily operational requirements. It comprises a company’s current assets and liabilities and stands as an accurate measure of its liquidity. The optimum utilisation of WC or net working capital strengthens a business’s financial position and can be measured through the working capital ratio. It is the ratio of current assets to … Continue reading Net Working Capital: Here’s Anything and Everything About It

What does Pradhan Mantri Awas Yojana have to offer?

In a bid to make housing affordable for all economic strata of the society, the Government of India launched the flagship program Pradhan Mantri Awas Yojana (PMAY) as ‘housing for all’ scheme. This flagship housing scheme offers – (A) Interest subsidies One of the significant benefits of PMAY is its subsidies on home loan interest rate. EWS and LIG families can receive subsidies up to … Continue reading What does Pradhan Mantri Awas Yojana have to offer?

How Does MCLR Affect Home Loans?

Marginal Cost of Funds based Lending Rate or MCLR came to effect from 1st April 2016. It is based on the repo rate, determined by the RBI. Marginal Cost of Funds based Lending Rate was preceded by the base rate. The base rate lacked transparency and borrowers were almost never benefited from it. Hence, to provide transparency in availing credits, MCLR was introduced. It is … Continue reading How Does MCLR Affect Home Loans?

Top 5 Bridal Makeup Packages To Look Out For This Wedding Season

Indian weddings are an extravagant affair. Apart from arranging a range of services, hiring a make-up artist for the bride comes as paramount importance. So, here are the top bridal makeup packages in India that you can consider – HD Makeup: This involves high-definition finish leaving the bride’s skin flawless and stunning. However, this makeup package is quite expensive. So, you can fund this by … Continue reading Top 5 Bridal Makeup Packages To Look Out For This Wedding Season

An Introduction to Entrepreneurial Finance

Entrepreneurial finance is a process with which you can manage your working capital. It also helps in analysing the availability of funds, avail start up business loans and take financial decisions depending on reports and analysis. The factors to keep in mind while involving such a process are examining requirements, existing advances, managing working capital, and analysing the sources of finance.  The several sources of … Continue reading An Introduction to Entrepreneurial Finance

What is MahaRERA, and What Makes it Unique?

The Real Estate Regulation and Development Act came into effect on May 2017 with the objective to bring in transparency and uniformity as well as regulate the real estate sector in India. Among the other states, the Real Estate Regulation and Development Authority of Maharashtra or MahaRERA has been specifically pro-active since its inception. What makes the Maharashtra RERA Act unique? Some of the basic … Continue reading What is MahaRERA, and What Makes it Unique?

An Expert Guide to Funding Medical Equipment Requirements

Medical professionals also need to apply for loans in order to cover certain expenses or to kick-start a new entrepreneurial venture. However, the subsequent discussion will strictly concern doctor loans for business which cove the likes of clinic expansions, facility renovations, and purchase of the latest medical equipment.  When it comes to getting doctor loan for purchasing high cost equipment, it is necessary to meet … Continue reading An Expert Guide to Funding Medical Equipment Requirements

A Comprehensive Guide About Destination Wedding In India

A typical Indian wedding can go for five long days, with variety of different rituals performed on each day, followed by the main wedding events and then the reception party. Following the modern trend, the Indian culture is gradually absorbing the knick-knacks of the western culture. So, apart from the traditional rituals, brides and grooms are now engaging themselves in pre-wedding parties and events like … Continue reading A Comprehensive Guide About Destination Wedding In India