Buying a home involves several legal and financial obligations. To distribute the burden of buying a home, people often opt for joint ownership, with relatives, especially the spouse. “The general view, is that it … READ FULL STORY
Property acquisition can be quite intimidating, considering the costs that the buyer has to bear. In big cities, in fact, a majority of people have to take home loans from banks, to buy properties, … READ FULL STORY
According to the Oxford Dictionary, the term intestate, an adjective, indicates a condition, where an owner of assets has died, without having made a will. This legal term is widely used in the laws … READ FULL STORY
Parties involved in real estate transactions, often hear many unique sector-related terms. This may often be confusing, especially for first-time buyers during an already complicated and stressful home-buying journey. In this article, we simplify … READ FULL STORY
In cities like Mumbai, land is very scarce but the demand for housing is growing continuously. Moreover, some of the buildings in Mumbai and in other cities, have outlived their useful life and pose … READ FULL STORY
Among the many expenses that home buyers have to bear, are the transfer charges that cooperative housing societies charge on the sale and transfer of shares and rights to the flats in a building. … READ FULL STORY
Corporate entities and their auditors in India are mandated by the law, to follow a standardised set of rules while preparing and reviewing financial statements. The main objective of this, is to remove variations … READ FULL STORY
As is true of any sort of development, a specific set of rules must be followed, while carrying out building construction activities. In real estate, this specific set of rules that builders have to … READ FULL STORY
Landlord-tenant disputes can be resolved through arbitration, except when they are covered by specific forum created by rent control laws, the Supreme Court has ruled. Delivering its landmark verdict in the Vidya Drolia and … READ FULL STORY
Amid the possibility of large-scale defaults by home owners and builders, in the backdrop of the Coronavirus crisis, financial institutions could be forced to repossess properties and sell them in the open market, to … READ FULL STORY
Updated on August 25, 2020: With an aim to improve home sales amid the Coronavirus pandemic, the Maharashtra government, on August 26, 2020, decided to reduce the existing 5% stamp duty on property registrations … READ FULL STORY
To ease the land acquisition process for infrastructure projects and curb disputes, the NITI Aayog, on October 31, 2020, released a draft model land titling act and rules for states, on conclusive land titling. … READ FULL STORY
There is considerable confusion over the taxes applicable on the sale of an inherited property. While many think that the money received on sale of an inherited house is fully tax exempt, others feel … READ FULL STORY
