ABOUT US Sky properties is a company whose name and reputation is synonymous with extraordinary levels of real estate service and expertise. Sky properties is all about working with you to obtain the very best outcome for clientele. As a select group of dedicated property experts we understand the business end and the emotion of selling or buying a home. We work in a team environment to understand our clients’ needs and expectations, resulting in success for you – our valued client. Our success is driven by our people and their unrelenting focus on delivering outstanding results for our clients. This is achieved by operating responsibly, executing with excellence, valuing and working closely in partnership with our clients, applying innovative and effective marketing strategies, embracing the latest global technology solutions and, by long ago, recognizing the desirability of living in Navi Mumbai by the discerning client. Our insight and understanding of the property market has established a platform from which the Sky properties brand is ideally positioned to carry its unique methods forward as we constantly evaluate and plan for the future. WHAT WE DO Sky properties is a specialized, high end seller of property. Our employees work closely with both…
Author: Mayur
Mayur is a real estate professional based in Navi Mumbai for the past 20 years. His expertise in real estate includes every sphere of the real estate sector from legal to Building Construction to Vastu to home interiors.
When it's not real estate, its either his fight against corruption or pulling focus (film making) with his NIKON D750 that keeps him busy.
With over 9 million views of his pictures on Google Maps and over 1.3 crore views of his contributions, he has been designated as a Master Photographer by Google.
He can be reached on 9987452642
Home loan rates go down
The interest rates on home loans have started indicating a downward trend as the Reserve Bank of India (RBI) cut its cash reserve ratio (CRR) last month. The cut in the CRR means more liquidity available for banks, and thus they will be more aggressive with their lending schemes. This trend has been visible in the strategies of banks. Many banks have announced interest rate cuts on their new home loan schemes. Outlook on interest rates Interest rates follow a cyclical pattern over a long term. They were at low levels during 2007-08 and then went up due to a higher inflation rate prevailing, and consequent tightening in the monetary policy by the RBI in 2010-11. Now, the inflation rate is showing signs of cooling down and the RBI has started softening its monetary policy stance. Analysts believe the interest rates will come down in the near to medium terms. Lower rates for borrowers Most banks have not reduced their interest rates for existing home loan accounts, citing the reason that the cost of funds have not yet come down. However, analysts believe the RBI is softening its monetary policy stance and therefore an interest rate cut in the near…
Property Tax : Builders to be held accountable?
Flat buyers are often kept in the dark about the property taxes due on their plot/flat at the time of possession.Only later do they realise that they have been shortchanged by the builder/developer when they are slapped Property Tax Due Certificate by the Municipal Corporation,which sometimes can be to the tune of a few lakhs
Navi Mumbai Airport stalled again
Navi Mumba
Maharashtra Housing Regulation and Development Bill-Will it help?
Until now, the purchase and sale of real estate in Navi Mumbai and the rest of Maharashtra was governed by something called the MOFA (Maharashtra ownership of flats act) enacted in 1963. Just like laws in other states. But on 11th April, 2012, the Maharashtra govt introduced a new law to govern all real estate transactions in Maharashtra.Called the Maharashtra Housing Regulation and Development bill, this bill seeks to remove the lacunae in the previous law (MOFA),and seeks to finally give flat purchasers an upper hand when dealing with builders and real estate companies. It seeks to establish a Housing Regulatory Authority (HRA) and a Housing appellate tribunal to ensure the proper implementation of the law. The law seeks to end the countless hazards and scams facing the real estate buyer today like: False commitments on delivery Shoddy construction quality False promises in terms of area, facilities, amenities, fsi etc Utilization of funds obtained from buyers in a particular project for accumulating land parcels rather than in construction of the said building It seeks to do this via imposition of fines ranging from Rs 1000 to Rs 1 crore.The punishment for not registering a project with the HRA will cost the developer Rs 1000…
Citibank fined for excess charge on home loan
Citibank fined for illegal charge on home loan
12.5% gaothan scheme of CIDCO – The basis of 99% of construction in Navi Mumbai
Most buildings constructed in Navi Mumbai are built on something called 12.5% Gaothan Scheme land. Read all about it.
Documents required for flat purchase in Navi Mumbai
Documents required for purchasing flats in Navi Mumbai
