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
A sale deed is a legal document that proves that a property has been transferred from the seller to the buyer. A sale deed acts as the main legal document, confirming the sale and … READ FULL STORY
With over 1,600 cases pending in the Bombay High Court (HC), the Supreme Court on July 30 directed the HC to initiate suo motu proceedings and audit the Maharashtra Slum Areas (Improvement, Clearance and … READ FULL STORY
July 9, 2024: The Centre has submitted the model builder-buyer agreement to the Supreme Court (SC) for approval, following the court’s directive to establish core clauses for a standardised agreement applicable across all states. … READ FULL STORY
May 7, 2024: The Central Empowered Committee (CEC), appointed by the Supreme Court, has proposed taking action against the Delhi Development Authority (DDA) for unauthorised construction and the cutting down of approximately 750 trees … READ FULL STORY
The Supreme Court (SC) has instructed Lodha Crown Buildmart, a division of the real estate developer Macrotech Developers (Lodha), to reimburse Rs 2.25 crore to a homebuyer within a year, alongside a simple interest … READ FULL STORY
The government does not have ownership of enemy properties, and thus can’t seek exemption from paying municipal taxes like, the Supreme Court has ruled. The order by the two-judge Bench comprising Justices BV Nagarathna and … READ FULL STORY
Succession laws in India will override the Companies Act in deciding a person’s right on property in cases where the deceased has left a nominee, the Supreme Court (SC) has ruled. “It is beyond … READ FULL STORY
An agreement to sell is not an instrument that can transfer ownership of property neither does it confer any title, the Supreme Court has ruled. “The agreement to sell is not a conveyance; it … READ FULL STORY
Revenue records are not documents of title, the Supreme Court (SC) has reiterated. These records neither create nor extinguish title of ownership, the apex court has said while delivering its verdict in a property … READ FULL STORY
October 10, 2023: The Supreme Court (SC) on October 9, 2023, directed the Ghaziabad Development Authority (GDA) and Ghaziabad Municipal Corporation (GMC) to deposit Rs 30 crore in an escrow account for the creation … READ FULL STORY
Mere registration of a Will is not sufficient to prove its genuineness, the Supreme Court has said. While dismissing an appeal in the Dhani Ram (died) through LRs. & others versus Shiv Singh, Civil … READ FULL STORY
Under the Indian income tax (IT) laws, a property owner is liable to pay taxes to the government on its sale, based on the holding period and profit earned (known as capital gains). The … READ FULL STORY
