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How covid helped Mumbai couple to rent dream home

₹40,000. This happened because of the pandemic as rents were lower as people working remotely had still not returned to the city. Post-pandemic, rents have surged and this very apartment now commands a monthly rent of ₹50,000-55,000," she said.

The apartment’s biggest draw was that it was newly-built and had a swanky kitchen. “It has a modular and very spacious kitchen. It’s hard to find such an apartment in Mumbai," she said.

“Since the apartment was newly built, it looked pretty and clean. Setting up things in a new house is exciting and easier, compared to a house that has been used before," she said. And to have got all this at the rent they are currently paying was a bonus, Nitya added.

“I was paying the same rent for a 100 sq ft smaller flat in Andheri West. It had a beautiful view from the 13th floor, was closer to the metro and the locality was better, but I don’t mind trading all that for a new, cleaner and bigger apartment at such a reasonable rent." Nitya Singh, 31, has been living in rented houses in Mumbai for seven years now. Her current 2-bhk, an 860 sq.ft apartment in Andheri East, is the biggest one she has occupied so far.

Nitya moved into this apartment in April with her husband Nitin Singh Bundela soon after their wedding. “We  landed a rather sweet deal and rented it for ₹40,000. This happened because of the pandemic as rents were lower as people working remotely had still not returned to the city.

Post-pandemic, rents have surged and this very apartment now commands a monthly rent of  ₹50,000-55,000," she said. The apartment’s biggest draw was that it was newly-built and had a swanky kitchen. “It has a modular and very spacious kitchen.

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IRDA agrees to look into Covid-19 insurance claims - livemint.com - India - city Mumbai
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IRDA agrees to look into Covid-19 insurance claims
MUMBAI : The Insurance Regulatory and Development Authority (IRDA) on Monday agreed to look into the Covid-19 policy claims that were rejected by insurance companies.  This comes after a public interest litigation was filed by a Manav Seva Dham (petitioner), a social services’ trust against various insurance companies before the Bombay High Court.  According to the petition, it has been alleged that various insurance providers engaged in a number of offences, misusing policyholder funds, rerouting funds through additional businesses, and paying exorbitant overriding commissions to banks and their agents.  “The insurance companies are unjustly denying their Covid-19-related claims, it claimed, even in the midst of the ongoing pandemic Covid-19, in which the country’s residents have not only lost their jobs but also depleted their money", it said.  Additionally, the petitioner submitted that Insurance companies have caused wrongful losses to the policyholders.  Essentially the petitioner asked the court to ass an order to ensure that the insurance claims submitted by the policyholders due to Covid-19 pandemic were not arbitrarily rejected.  The petition stated that due to the widespread pandemic the general insurance companies received a significant lot of claims from the policyholders. More than 80, 000 claims were received by the non-life insurance industry.
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