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To qualify for an HDFC unit, one must possess some liquidity because HDFC cooperatives are cash strapped and tend to look for buyers with a large amount of cash for down payments or cash-only sales. This can disqualify many people with low incomes that cannot afford to make the down payments required by the HDFC co-ops.
A waqf property can fall into one of two categories: movable or immovable. A 'movable' asset includes money or shares which are used to finance educational, religious or cultural institutions such as madrasahs (Islamic schools) or mosques.
The company provides housing finance to individuals and corporations for purchase/construction of residential houses. [13] [17] The type of loans offered by company include loans for purchase and construction of a residential units, purchase of land, home improvement loans, home extension loans, non-residential premise loans for professionals and loan against property and repayment options ...
Temple Development Board are statutory and independent bodies created for the governing and management of temples in India. With the passing of the Madras Regulation Act in the year 1817, temples were brought under the control of the East India Company, a corporate organisation. The concept of a temple included its premises and wealth.
A donation, in the context of the canon law of the Roman Catholic Church, is the gratuitous transfer to another of some right or thing. When it consists in placing in the hands of the donee some movable object it is known as a gift of hand (donum manuale, an offering or oblatio, an alms). Properly speaking, however, it is a voluntary contract ...
The properties of each temple are deemed to be the personal property of the presiding deity of the temple, and are managed through a body of trustees who bear allegiance to that deity. The five Kerala devaswoms—Guruvayur, Travancore, Malabar, Cochin, and Koodalmanikyam—manage nearly 3,000 temples together.
Donations given by devotees equal nearly ₹13 crore every month. Auctions of human hair fetched a revenue of ₹ 150 crores in 2011 and ₹ 203 crores in 2012. [13] Temple admission ticket sales fetched a revenue of $25 million in 2007. Laddu, a confectionery, is offered as Lord's prasadam.
The Siddhivinayak temple receives donations of around ₹ 100 million (US$1.2 million) – ₹ 150 million (US$1.7 million) every year, which makes it Mumbai city's richest temple trust. [6] In 2004, the Siddhivinayak Ganpati Temple Trust, which operates the temple, was accused of mismanaging donations.