If you own a piece of real estate, you should realize that it has the potential to bring in a lot of money. When it comes to property transactions, buyers and sellers are expected … READ FULL STORY
Everything a person owns in this world can be categorised into two types – movable property and immovable property. Although the names are quite self-explanatory, the difference between them is explained in a specific … READ FULL STORY
Prayagraj Development Authority is the new name for Allahabad Development Authority (ADA). Prayagraj, the official name of Allahabad, has a housing development commission known as PDA. More than a million people now live in … READ FULL STORY
In 2007, when the Bruhat Bengaluru Mahanagara Palike (BBMP) was formed, the authorities came up with the concept of ‘khata’. So, what is a Khata? The idea behind introducing khata was to simplify the … READ FULL STORY
Property owners have the option to grant co-ownership of their houses, flats, apartments and land parcels, at any point in their lives. Even though the reasons for such a step might be different in … READ FULL STORY
What is a possession certificate? A possession letter is a document that mentions the date within which the buyer will have the possession of his under-construction home. A possession letter, thus, acts as a … READ FULL STORY
What is declaration deed? A declaration deed describes аnd has all the infоrmаtiоn аbоut оwnershiр оr legаl rights оf а рrорerty. Also саlled a deed оf trust, this legal document is signed аnd registered … READ FULL STORY
Property dispute numbers in India are quite overwhelming. Only over 66% of the cases pending in various civil courts of India are related to property disputes. Of all the cases that India’s apex court … READ FULL STORY
Buyers investing in under-construction properties invariably have to sign tripartite agreements while entering into a contract. Since there is a financial institution also involved in the process, there are a total of three parties … READ FULL STORY
A completion certificate is a legal document which is given to housing projects once they have reached completion, following an approved building plan. A completion certificate is awarded to any housing projects after authorities … READ FULL STORY
The government in India has come up with the Draft Model Tenancy Act 2019, to promote rental housing in India and to make the process of renting properties beneficial for both, the landlord and … READ FULL STORY
In rent agreements, one would invariably find the use of ‘lessee’ and ‘lessor’. This is especially true if the rent agreement pertains to commercial and industrial spaces. In this article, we explain the difference … READ FULL STORY
Under the Indian laws, the assets earned by a Hindu or inherited from anyone except his father, grandfather or great-grandfather, are treated as personal assets. As far as personal assets are concerned, you are … READ FULL STORY
