To provide accountability for running the co-operative housing society (CHS) effectively in Maharashtra, the state government has mandated housing societies to hold the annual general body meeting (AGM) according to its Model Bye-Laws. The … 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
For a landlord, renting his property is a passive source of income. He benefits from rental revenue and price appreciation of the property over time. However, these benefits come with responsibilities—maintaining the property and … READ FULL STORY
When a property transaction takes place, in addition to the value of the property, there are added charges such as stamp duty and registration charges that one has to pay. What is stamp duty? … READ FULL STORY
Property ownership is a cornerstone of modern society, providing individuals with a sense of stability and the ability to control assets. The concept encompasses various types of ownership, each defined by specific rules and … READ FULL STORY
Stamp duty and registration fee are taxes homebuyers in India pay to state governments at the time of property registry. States have the authority to impose this tax. Consequently, they are responsible to increase … READ FULL STORY
For the sale of an immovable property, generally two types of agreements are made: an agreement for sale and a sale deed or sale agreement. The agreement for sale is required to be stamped … READ FULL STORY
Transfer of property by way of gift If you wish to transfer a property, so as to make the donee enjoy the property immediately, this can be done by way of a gift. You … READ FULL STORY
Purchasing a house is an important financial decision, particularly for first-time buyers. Home buyers have to be careful as they invest their hard-earned money for a secure future. Nevertheless, a good investment can earn … READ FULL STORY
The Maharashtra government has issued a Government Resolution (GR), streamlining the rules for the sale or transfer by other means, of flats in cooperative housing societies built on government-allotted lands. As per the GR … READ FULL STORY
