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
A legal question that has been put to test time and again before various courts, is whether the rights of nominees prevail over those of successors, in respect of various subjects of nomination, such … READ FULL STORY
There is no doubt that since May 1, 2016, when the Real Estate (Regulation and Development) Act, 2016 (RERA) came into force, the Indian real estate market has taken a giant step in the … READ FULL STORY
The Apartment Owners Association (AOA) can provide valuable services for all the residents and represent its interests and even settle disputes. However, all of this is possible, only if the association is registered under … READ FULL STORY
Amid an economic slowdown caused by the Coronavirus pandemic, most prospective buyers have postponed their home buying plans, because of the uncertainty around income and employment. While it is true that the pandemic has … READ FULL STORY
When you book a property, the builder generally issues an allotment letter. The actual agreement may not be executed immediately. The agreement to sell, may, in fact, be executed after years, in some cases. … READ FULL STORY
It is well known that real estate in Mumbai is one of the most expensive in the world. The stamp duty, including metro cess, payable on a deed of transfer or conveyance or sale … READ FULL STORY
It is conventional wisdom that the Indian state enjoys the power of ‘eminent domain’, which refers to the power of the sovereign to acquire private immovable property for public use, provided the public nature … READ FULL STORY
