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
As housing societies are not apparently engaged in any income earning activities, there is a perception that they are not required to comply with any income tax provisions. This impression is heightened by the … 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
Presently, Indian real estate is a very popular investment option for most NRIs. However, since they live abroad, it becomes more important for them to do proper due diligence before risking their money. … READ FULL STORY
There are several benefits to buying a property in a woman’s name, either as the sole owner or as a joint owner, with governments and banks offering several sops. “Aspiring home buyers can seek … READ FULL STORY
A number of home owners, who have invested in properties located in the suburbs, prefer to themselves live on rent. Consequently, they put their own house or apartment on rent. Such people let out … READ FULL STORY
Labour is a significant cost, for all entities engaged in any business. For housing societies, employing labour can be onerous, due to its office bearers being honorary in nature and the unavailability of instant … READ FULL STORY
Whether it is your bank account, life insurance policy, mutual fund investment, demat account, or mobile connection, linking them with one’s Aadhaar number, is becoming all pervasive. The government, in a bid to deal … READ FULL STORY
The rental housing market has many options, available at various rates. Consequently, it may be difficult for a prospective tenant to figure out how much to spend as rent. The answer to this, depends … 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
Income tax laws allow tax payers to claim various benefits, with respect to the house occupied by the assessee – whether it is owned by you or taken on rent. Conditions for claiming … READ FULL STORY
Efficient succession planning is very important to ensure that your hard-earned wealth reaches the right people. This is more important in the case of immovable property as the legal succession of such assets is … READ FULL STORY
With buildings in Mumbai ageing and in order to accommodate the increased demand of residential units, the government of Maharashtra has been giving higher floor space index (FSI). Consequently, the residents of many old … READ FULL STORY
