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
Property sales are formalised in a stage-wise manner. One of the first documents that is executed, to provide a proper legal status to an understanding between a buyer and a seller, is known as … READ FULL STORY
For home buyers of over 20,000 Jaypee flats, there is more uncertainty ahead of them. In its latest ruling, the Supreme Court (SC) has set a 45-day deadline for resolution. In its judgement on … READ FULL STORY
The Enforcement Directorate (ED), on March 30, 2021, has issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA), to seize company properties of the Unitech Group, worth over Rs 150 … READ FULL STORY
In some positive news for home buyers in the Amrapali Group’s projects, Ghaziabad-based Gaurs Group has said it plans to invest Rs 2,124 crores, to complete stuck projects of the embattled real estate developer. … READ FULL STORY
Under the Indian income tax (IT) laws, an owner is liable to pay taxes to the government, on the sale of their immovable property, based on the holding period and profit earned (known as … READ FULL STORY
In what may look like another grim reality check for Indian cities, a recent report on air pollution has ranked New Delhi as the world’s most polluted capital for the third time in a … READ FULL STORY
Among the many expenses that home buyers have to bear, are the transfer charges that cooperative housing societies charge on the sale and transfer of shares and rights to the flats in a building. … READ FULL STORY
Under the Indian laws, the assets earned by a Hindu or inherited from anyone except his father, grandfather or great-grandfather, are treated as personal assets. As far as personal assets are concerned, you are … READ FULL STORY
A legal question that has been put to test time and again before various courts, is whether the rights of nominees prevail over those of successors, in respect of various subjects of nomination, such … READ FULL STORY
Large-scale reverse migration caused by the Coronavirus pandemic, has once again brought to focus the applicability of labour laws on housing societies in India. A large numbers of workers were left to fend for … READ FULL STORY
Taking a serious note of violations to the Coastal Regulation Zone (CRZ) norms, the Supreme Court (SC) has followed up with the Kerala state government yet again, to check whether its directions have been … READ FULL STORY
Banks cannot auction the properties of builders, to recover losses, unless they have taken a prior permission from the real estate regulatory authority, the Haryana RERA has ruled. The Haryana RERA order came after … READ FULL STORY
