Category Archives: Money Management

Lessons from the Noida fiasco!

Recently, the Greater Noida Industrial Development Authority reached a settlement with farmers in Patwari village. The farmers will receive a higher compensation of Rs 550 per sq metre (over and above the Rs 850 per sq metre paid earlier) and 8% developed land, 2% more than what was promised to them earlier.

No more prepayment penalty – Cheer for home loan borrowers!

Two mulled over and announced decisions by the National Housing Board on Wednesday, 19th Oct, 2011, will bring cheer to the home loan borrowers this Diwali! The decisions are the following: NHB (National Housing Board) has barred the housing finance companies (HFCs) from charging prepayment penalty on floating rate home loans. In case of the… Read More »