There are times when owners choose to buy two adjoining flats and, for habitual convenience, merge them into a single flat (or a duplex flat if situated on separate floors). Amalgamation of flats is common but should be done only after seeking permission from municipal authorities. In most such cases, the amalgamated flat will have a common entrance, which will allow it to be considered a single flat with a common share certificate.
The insurance regulatory and development authority of India (IRDAI) has recently removed the age limits on health insurance policies. This news has delighted all age groups of people, particularly senior citizens. While it seems a welcome step, we must assess the new provisions and their viability and affordability for policyholders.
Cooperative housing societies (CHS/Society) are often ridden with so many problems that it becomes difficult for the common member to know how to tackle a situation.
The study Benchmarking Reasonableness of Service Charges by Banks in India also flags inconsistencies in penal charges imposed by banks for not maintaining a minimum balance