The Central Government has decided to amend the Employee Provident Fund (EPF) scheme which will allow more than 4 crores members of EPFO to make the by withdrawing 90%down payments for buying houses of their funds.
Moreover, this amendment also gives the provision of using their EPF to even pay the Equated Monthly Installments (EMIs) of the home loans.
Under this scheme, all the subscribers will have to make a group housing cooperative society of at least 10 members in each society if they want to avail the facility. This group housing society would then get collaborated with builders, banks or sellers of homes to make the EPFO members buy homes.
Bandaru Dattatrey, Union Labour Minister, told Rajya Sabha that this provision proposal which has to be inserted in the EPF scheme has not been informed yet. Because of this, targets are not fixed under this benefit for giving advances. According to the annual report, the total number of members of EPF as on 31st march, 2016 were 17.14 crore. During the same year, 3.76 crore members made contributions.
All the conditions prescribed under the scheme will have to be fulfilled by the PF members if they want to avail the withdraw facility from their PF accounts.
It is a widely known fact that Bajaj Finserv is one of the most diverse and dynamic financial companies in India. Bajaj Finance, Bajaj Finserv’s lending service, will be offering home loans at the interest rate of just 8.69 percent, between 13th March and 19th March.
A 49 year law has been amended finally on Tuesday, denying the inheritance rights to the legal heirs of the individuals leaving country for China or Pakistan. Known as Enemy Property Amendment and Validation) Bill, 2016, this bill clarifies that the heirs will no longer have the entitlement for property inheritance in India, if their ancestors shifted the enemy countries – Pakistan and China. The Lok Sabha has passed the bill and a selected committee appointed by Upper house has recommended some amendments. This is so far the fifth ordinance on this issue. The bill was passed by the Rajya Sabha with voice vote at the time when the opposition benches were almost vacant on March 10.
The real estate sector in India has seen many ups and downs in the past two years by getting pushed from all the directions. The constructive features included things from interest rate cuts, formation of law-making body to guidelines on affordable housing. The recent action of demonetization was by far the most enterprising.
The real estate sector in India and various builders have been facing blemishes and a character crisis, especially since demonetization. Both RERA and the Benami Transactions Act are working in the favour of real estate sector to gain back the trust and confidence of homebuyers. But as announced by M.Venkaiah Naidu at the CREDAI (Confederation of Real Estate Developers’ Association of India) Conclave, developers must also understand their responsibility and should keep their promises by delivering the projects on time.
A white paper had been recently released by the CREDAI (Confederation of Real Estate Developers’ Associations of India) and CBRE jointly, making it clear the end of short-term demonetization effect on real estate. The industry has already started recovering and is moving towards transparency in transactions.
Employees Provident Fund Organization (EPFO), retirement fund body, is all set to launch a housing scheme for its more than 4 crore members next month. This scheme will allow the members to make down payments and EMIs from their Employee Provident Funds (EPF) accounts, when buying homes.
Holi! The word itself gives a feel of happiness drown in bucket full of colours. Holi is apparently the liveliest festival in India which brings friends and family closer. The mouth-watering Gujiyas, the colours, the water balloons, the Gulal – all these stuffs form the essence of Holi. As almost all festivals require some kind of decorations, Holi is also about making your home ready for it. Confused about how to go for it? Don’t worry, we are going to shoo away all your confusions and will give you some awesome ideas to make your home look perfect for gatherings! Because, after all, Holi is all about spreading love!
Holi seems like a very fresh festival as it is marks the beginning of summers as well as the harvesting of wheat. Therefore, it will be good to make your bedroom look fresh. And that doesn’t even need you to make a hole in your pocket! Bring lots of bright aromatic candles and place them in different directions of your room. Place fresh flowers along with them to spread different fragrances in your room. Since Holi is the festival of colours, change your bedsheets to bright, colourful and vibrant ones. Team them up with equally colourful cushions and pillows to complete the look.
We always underestimate the importance of decorating the bathrooms. But not this time! Place vases of fresh flowers in your bathrooms and change the dull coloured towels with colourful ones that are really catchy. This will complement the festivity of Holi.
This is the place where all the delicious Gujiyas and other snacks are made! So, you definitely can’t ignore this area of your home! To start with, make a pretty Rangoli on the entrance of the kitchen to catch everybody’s attention as they enter! You can also decorate the kitchen with small decorating items like paper-buntings, paper motifs etc.
Here comes the most important place to decorate! Why? Because this is the first place your guests will notice. Change your curtains to bright and colourful ones and see it transform into a Holi-ready party place instantly. Wall-hangings can also help greatly to liven up the living room. Apart from this, a really easy way to make it look attractive is to decorate fresh flowers petals in beautiful crystal bowls!
These are the places where most of the people host Holi parties because Holi is preferred celebrating outdoors. First of all, you can decorate the patio with Rangoli, which should be bigger in size than the one you will make in the kitchen. Also, you can keep the Gulal in colourful plates and the water in colourful vessels! Hang festoons and paper-buntings here also.
What are we in today’s world, if not educated! Education begins at home and that too precisely in your study room! But what are the things that enhance the process of education? Attention, concentration and focus. Therefore, some vaastu tips for study room to be followed to be able to study peacefully and with unmatched concentration. So we bring for you these really simple tips to make your study room a Vaastu Compliant one –
Here comes the machine for studies! Study room is nothing without a study table and therefore its placement is very significant. It should be placed in such a manner that the student is facing north or east while studying as it enhances concentration. Apart from the placement, one should also ensure that the study table is not sticking to the wall. There should be at least a distance of 3-4 inches between the wall and the study table. This is because if there will not be ample space in front of the child, it will hinder the growth of new ideas.On the other hand, there should be a solid wall behind the student as it ensures he will get constant support which he requires.The shape of the study table is suggested to be rectangular or square in shape and should be of medium size. This is because too small a table, it will cause discomfort while studying and too big a table, it will affect the performance and capability of the student in a negative way.
As appealing as bright colours may seem to be, but they should be avoided for the study room. Walls of the study room should be painted in light colours such as white, light green, blue, cream etc. These light colours are considered auspicious and help in building the retention and memory power of the child.
If possible, preferably the study room should be of pyramidal shape to get desired and positive outcomes as per Vaastu rule for study rooms. But sometimes it is not possible so you can go for the usual rectangular and square shapes.
