What is encumbrance?
A claim made against a property by someone who is not its owner is known as encumbrance. It can limit the free use of property, or even transfer of property until it is lifted. … READ FULL STORY
A claim made against a property by someone who is not its owner is known as encumbrance. It can limit the free use of property, or even transfer of property until it is lifted. … READ FULL STORY
What is freehold property? A freehold property is one, where the owner/society/residents’ welfare association owns the building and the land that it stands on outright, in perpetuity. A freehold is generally bought through an … READ FULL STORY
While every individual dreams of owning a property 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 … READ FULL STORY
The Supreme Court, on April 9, 2018, took note of all the unencumbered assets of real estate major Unitech Limited and ordered that a public notice be issued, inviting objections for auctioning them, to … READ FULL STORY
A Supreme Court bench of chief justice Dipak Misra and justices AM Khanwilkar and DY Chandrachud, on March 5, 2018, ordered that “A competent authority of Unitech Limited shall file an affidavit, mentioning the … READ FULL STORY
The Delhi Debts Recovery Tribunal (DRT) has restrained the former CEO of Ranbaxy Laboratories and the co-owner of Fortis Healthcare, Malvinder Mohan Singh, from selling a posh property in Lutyen’s Delhi and some other … READ FULL STORY
A title search, is a due diligence investigation of various aspects of a property, to ascertain its legal health. “In the case of resale properties, the existing owner may have created encumbrances on the … READ FULL STORY