On May 1, 2017, all 92 provisions of the Real Estate (Regulation and Development) Act, 2016 (RERA or the Act) were brought into force. The Act has introduced new obligations on real estate developers … READ FULL STORY
For many start-ups and small businesses, other than the operational cost, the real estate cost proves to be a major impediment in the intended growth. Thus, a number of small businesses are often run … READ FULL STORY
The Supreme Court (SC) of India recently provided a big relief to cooperative societies (societies), by dismissing the claim of the income tax authorities on levy of tax on various receipts (for example, non-occupancy … READ FULL STORY
The Law Commission issued a consultation paper on the ‘Reform of Family Laws’, on August 31, 2018. In it, the Law Commission has recommended for the abolition of the Hindu Undivided Family (HUF) as … READ FULL STORY
In India, most home owners do not bother to insure their homes, even though it is often the biggest asset that one can own. Neeraj Prakash, managing director of Shriram General Insurance Co Ltd, … READ FULL STORY
Raman Kapoor, a home buyer in Noida, has been in a legal battle with his developer for the last five years. His grouse is that there has been a defect in the construction of … READ FULL STORY
A divorce between a couple, not only terminates the legal relationship between the couple, but it also requires that the property that is shared by the spouses be divided. Upon divorce, the couple is … READ FULL STORY
As per the provisions of the Maharashtra Cooperative Societies Act 1960, cooperative housing societies in the state have to invest their surplus funds that are not required. Also, the rules covering the products in … READ FULL STORY
Investing in a house is as much an emotional decision, as a financial one. While buying a property, people look at details like the area of the flat, its location and negotiate on the … READ FULL STORY
In order to eliminate the twin menace of corruption and black money, the ‘Benami Transactions (Prohibition) Act’ was passed in 1988. However, the same was never implemented as the requisite rules and regulations were … READ FULL STORY
Stamp duty is a compulsory obligation payable on the document which encapsulates the transfer of immovable property, such as real estate. Home buyers are required to pay this when registering the agreement for sale. … READ FULL STORY
When Arpita Gupta, a clinical psychologist, came to New Delhi for her research work, she was unable to find a rental accommodation in and around Delhi, where she could stay for just a few … READ FULL STORY
When it comes to giving out their property on rent, owners’ concerns generally revolve around the quantum of rent to be charged, tenant’s ability to pay, queries pertaining to the lease agreement, lock-in period, … READ FULL STORY
