Builder-buyer agreements, which are drafted and executed at the time of sale of an under-construction property, act as a sale agreement between the buyer and the builder. The buyer and the builder have to … READ FULL STORY
To restore the belief of the customers and investors in the real estate industry, the government established a guideline model named RERA (Real Estate Regulatory Authority) to ensure transparency, accountability with equitable transactions in … READ FULL STORY
The second wife of a government employee is not entitled to family pension if the marriage was solemnised without getting a divorce from the first marriage, the Madhya Pradesh High Court (HC) has ruled … READ FULL STORY
A partition suit of a joint property will only be legally binding only if it has the written consent of all parties concerned, says the Supreme Court (SC). While adjucating an appeal in the … READ FULL STORY
A lease is an implicit or written agreement that specifies the terms under which a lessor accepts to rent a property to a lessee. The lease agreement ensures the lessee’s use of the property … READ FULL STORY
The Enforcement Directorate (ED) has provisionally attached two land parcles in connection with irregularities in redevelopment of the Patra Chawl project at Goregaon in Mumbai by Guru Ashish Construction. Located in north Goa, the … READ FULL STORY
In a move to capitalize on the huge response it has received from the move, the Punjab government has decided to extend the last day to offer rebate on stamp duty and associated charges … READ FULL STORY
Indemnity bonds guarantee the bond’s owner financial compensation in the event of a covered loss. When a borrower fails to repay a loan by the terms of an agreement, the lender is protected by … READ FULL STORY
Often, many parents transfer their properties to their children due to various reasons. After the property is gifted to their children, the promise that they shall be taken care of by the transferee is … READ FULL STORY
With major fire incidents in Mumbai’s high-rises in the past few months, the Maharashtra state government has passed a new fire bill that is drafted with stringent regulations to follow and a legal framework … READ FULL STORY
If you’re wondering what the many types of a contract are, you’re curious about the variations between one of the most essential components of a business. A contract is essentially a legally binding agreement … READ FULL STORY
All states and Union Territories in India have notified the Real Estate (Regulation & Development) Act (RERA) barring Nagaland, minister of state for housing & urban affairs Kaushal Kishore told the Lok Sabha in … READ FULL STORY
If not for high speed internet connectivity, the world would certainly have come to a standstill in the face of the Coronavirus pandemic that started in December 2019. While the virus made free movement … READ FULL STORY
