By Arosh John | Founder – John Real Estate (MahaRERA Registered) | Editor-in-Chief – Thane Real Estate News The Issue In resale property transactions in Thane and Mumbai, banks require a society or developer NOC before loan disbursement. If a society has been formed, it issues the NOC; otherwise, the builder/developer provides it. At times, […]
Why Societies & Developers Must Verify Agreements Before Issuing NOC Read More »
By Arosh John | Founder – John Real Estate | Editor-in-Chief – Thane Real Estate News When you hear “carpet area” while buying a home, it may sound simple. But in reality, there are two very different versions of this term—Carpet Area (traditional) and RERA Carpet Area (legal standard). Understanding the difference could save you
Carpet Area vs RERA Carpet Area: What Buyers Must Know Read More »
By Arosh John | Founder – John Real Estate | Editor-in-Chief – Thane Real Estate News What is an ARC? In India’s financial ecosystem, Asset Reconstruction Companies (ARCs) play a crucial role in handling distressed assets. Registered with the Reserve Bank of India (RBI) under the SARFAESI Act, 2002, ARCs specialise in acquiring and resolving
Asset Reconstruction Companies (ARC) – Their Role in Auctions Explained Read More »
By Arosh John | Founder – John Real Estate (MahaRERA Reg. No. A51700001835) | Editor-in-Chief – Thane Real Estate News Why timely maintenance payments matter Housing societies in Thane and Mumbai rely on member contributions to cover essential expenses—municipal taxes, water, common electricity, lifts, repairs, sinking fund, and insurance. The Maharashtra Model Bye-laws clearly define
By Arosh John | Founder – John Real Estate (MahaRERA Reg. No. A51700001835) | Editor-in-Chief – Thane Real Estate News Why this guide matters Township residents across Thane and Mumbai often face confusion about Federation/Common Area Maintenance (FCAM) — why two sets of bills exist, how long developers can collect FCAM, when handover should happen,
The Complete Guide to FCAM in Maharashtra Townships Read More »
By Arosh John | Founder – John Real Estate (MahaRERA Reg. No. A51700001835) | Editor-in-Chief – Thane Real Estate News The Challenge Understanding FCAM Charges: A Key to Financial ControlIn large township projects, developers often collect Federation/Common Area Maintenance (FCAM) charges before the federation (apex body) is formed. This practice, while ensuring the maintenance of
FCAM Transparency Before Handover: What Township Residents Can Do Read More »
By Arosh John | Founder – John Real Estate (MahaRERA Reg. No. A51700001835) | Editor-in-Chief – Thane Real Estate News The grey area: developer-controlled phase In the early years of a township, before all societies are formed and the federation is registered, developers manage township-level maintenance (FCAM). They collect charges and operate layout-level amenities such
From Developer to Federation: How Township Handover of Common Areas Works in Maharashtra Read More »
By Arosh John | Founder – John Real Estate (MahaRERA Reg. No. A51700001835) | Editor-in-Chief – Thane Real Estate News Why are there two maintenance bills? In Maharashtra townships, residents often receive two maintenance demands: This isn’t duplication. The Maharashtra Housing (Regulation and Development) Act, 2012, explicitly recognises an Apex Body/Federation to manage layout-level common
Township FCAM in Maharashtra: Why Two Maintenance Bills Exist and Why They’re Essential Read More »
By Arosh John | Founder – John Real Estate | Editor-in-Chief – Thane Real Estate News Missing a couple of EMIs may feel like a temporary setback. But if left unresolved, it sets off a chain of events that can escalate quickly—from your loan being tagged as an NPA (Non-Performing Asset) to your property being
What Happens When You Default on Your Home Loan EMI: From NPA to Property Possession Read More »
By Arosh John | Founder – John Real Estate (MahaRERA Registered) | Editor-in-Chief – Thane Real Estate News Why This Is Important The process of loan disbursement in resale property in Thane and Mumbai works differently from many other Indian cities. Sellers from outside Mumbai often expect funds to be released once the agreement is
Loan Disbursement in Resale Property – Thane & Mumbai vs. Other Indian Cities Read More »
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