Renting out a property to a tenant allows the owner to earn a monthly rent. Under the income tax laws in India, this rent is counted as income and the landlord is liable to … READ FULL STORY
Among the states that have digitised their land records under the government’s National Land Records Modernisation Programme, is Jharkhand. Jharkhand’s Jharbhoomi portal provides land-related information online. Also sometimes spelt as Jharbhumi (in Hindi, vowel … READ FULL STORY
With an aim to boost connectivity through the Delhi Metro Network, Delhi Metro Rail Corporation (DMRC) planned the Pink Line or Line 7 corridor. The Delhi Metro Pink Line route, developed under the Delhi … READ FULL STORY
In Tamil Nadu, the document that proves a person’s legal right over a property is known as a ‘Patta’ while Chitta is a document containing details about the area, size, ownership of the property. … READ FULL STORY
Buying a property is a preferred investment option in India. A property can be owned solely by an individual or co-owned by two or more individuals. People often prefer to purchase a property with … READ FULL STORY
When you put your property on rent, it is in your best interest that you register the rental agreement. So, to make rental agreements legally binding, the leave and licence agreement is required to … READ FULL STORY
Property tax has to be paid by all property owners to the local municipal body irrespective of the type of property owned. A key revenue source for the municipal body, this is used to … READ FULL STORY
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
When a homebuyer is exploring the Bangalore property market, one of the most important things he should be aware is guidance value Bangalore. This will impact the price a home buyer pays for his … READ FULL STORY
Land records in Maharashtra can be accessed easily online using the Mahabhulekh website. The website has Form VII and Form XII that together form the 7/12. It also supports Form VI and Form VIIIA that … READ FULL STORY
One of the most commonly used legal tool to transfer ownership of property is the gift deed. This is done because it is tax-efficient as compared to other options available. However, one should be … READ FULL STORY
The Pradhan Mantri Awas Yojana is the government’s flagship program that supports housing for all. What is PMAY-U 2.0? The PMAY-Urban is a credit linked subsidy scheme (CLSS) offered by the government under 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
