Author Archive
Stories written by Williams

Paying higher rentals? There maybe a solution..

Paying higher rentals? There maybe a solution..

Staying in a rented apartment and troubled by your landlord with rent increases every now and then? You should know that there are regulatory limits to which the rent can be raised by the landlord. It is not just a question of whether or not there are people willing to pay more to occupy the [...]

Interest rates nightmare draws closer?

Interest rates nightmare draws closer?

If one had taken a loan in 2003 for about 11 lakhs,  repayable over 20 years; the interest rate would have been a measly 7.25%. The EMI (equal monthly installments) for repayments would have been just Rs. 9000.  However now it is 2008 and those home loan recepients who opted for floating home loan rates at [...]

Construction costs & escalation clauses – Credai

Construction costs & escalation clauses – Credai

Reports from the construction industry indicate that the cost of constructing new buildings have increased dramatically in the last one year or so. Cost of steel has doubled in the last one year to about Rs. 60,000 a tonne. Similarly, cement prices are continuously rising and so are sand prices. Of course, labour and transport are [...]

Land now being ‘coldsold’ over phones !!

Land now being ‘coldsold’ over phones !!

Yesterday morning I had a surprise phone call from an agency that was arranging to take people on a site visit to some place near the Mahindra World City SEZ in Chennai. They said they had gotten my number from justdial. I certainly hadn’t given justdial permission to share my mobile number with 3rd parties, [...]

Independent house vs. apartment – part 5

Independent house vs. apartment – part 5

With some interesting comments from our readers in the last post, thought I’ll do one more post in this series. This being primarily to identify situations where apartments are better than independent houses purely on an investment basis. Anyone who has read part 3 & part 4 would know in which direction my views lie. [...]

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