In India, homebuyers must pay stamp duty at the time of property registration. Nearly 3-8% of the transaction value (exact rates depend on the state of residence), stamp duty significantly increases a homebuyer’s monetary … READ FULL STORY
A common but serious problem faced by many resident welfare associations (RWAs) is the non-payment of the maintenance charges by members of the housing complex. As the name suggests, the housing society uses the … READ FULL STORY
Historically, real estate has been one of the preferred asset classes to park unaccounted money. Over time, numerous ways were invented to make the investment appear legal, including sale and purchase of property through … READ FULL STORY
Buying a home is one of the most significant financial decisions for any individual, and delays in project completion can lead to immense stress, financial strain, and uncertainty for homebuyers. To address these concerns … READ FULL STORY
Selling a property before registration is possible but is very risky. Issues like litigation, financial incompetence etc. are reasons why this shortcut of selling a property without registration becomes a choice for some people. … READ FULL STORY
In Maharashtra, stamp duty is a tax levied on every legal property transaction. It is controlled by the Indian Stamp Act of 1899 and the Maharashtra Stamp Act of 1958. The buyer must pay … READ FULL STORY
Once transfer of ownership of property is done, documenting this change is the next step. This is important to show that the property title is registered in the new owner’s name, thereby helping avoid … READ FULL STORY
When purchasing a property, homebuyers must ensure that all necessary legal documents are in place. From title deeds to completion certificates, these documents validate ownership, compliance, and safety. One such crucial document is the … READ FULL STORY
Have you faced a situation when the builder has sold the property that you had mortgaged without even the bank knowing. This is worrisome and to avoid encountering such a situation, one should be … READ FULL STORY
Once a home purchase deal is finalised between a buyer and a seller, a formal process is initiated to conclude it legally. This starts with the buyer paying token money to the seller. What … READ FULL STORY
Investing in Indian real estate offers NRIs both emotional value and potential returns, but it requires navigating complex legal processes from afar. Legal due diligence—verifying all legal aspects of a property—is essential to ensure … READ FULL STORY
Discovering construction defects like cracks in walls or leakages after taking possession can be distressing for a homeowner. To address such issues, the Real Estate (Regulation and Development) Act, 2016 (RERA) provides a legal … READ FULL STORY
Vasant Kumar had zeroed in on a 2BHK resale property in Pune. While he has given the token money, he is now confused because the mutation of the property was not done by the … READ FULL STORY
