What is token money in property purchase?
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
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
There are different ways in which a property can be sold in India. These range from the common practice of executing a sale deed to executing a gift deed, relinquishment deed, etc. Other methods … READ FULL STORY
Bihar has ambitious development plans outlined in the Budget for 2025-26. With numerous infrastructure projects in the works, the state is poised for a significant transformation. This wave of progress is expected to benefit … READ FULL STORY
Among the many land-related cases in India, illegally occupied property makes up a large number. One of the reasons for this is the huge value that properties have. This article details how a landlord … READ FULL STORY
While we bet that you know the importance of registering a property in government records, there are a lot of old unregistered properties existing in the market that are not visible in the legal … READ FULL STORY
An encumbrance certificate covers the entire history of a property that has been registered at the sub-registrar office (SRO)- who bought it, sold it, transferred it etc. This is a very important certificate that … READ FULL STORY
Renting a property requires tenants and landlords to adhere to the tenancy laws and the relevant rent control laws in their state. The only way to give legal validity to the tenancy is by … READ FULL STORY
Whenever a landlord and a tenant agree on the terms of renting a property, they should formalise the arrangement through a rent agreement. This legally recognised document is crucial in safeguarding the interests of … READ FULL STORY
Uttarakhand has now become the first state in Independent India to have a Uniform Civil Code (UCC) for people across faiths and communities after President Droupadi Murmu approved its UCC Bill, 2024. The Uttarakhand … READ FULL STORY
While every individual dreams of a house once in his/her lifetime, many people still prefer to buy or invest directly in land. Land accounts for the major cost component of any real estate purchase … READ FULL STORY