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High Court thwarts petition against Vile Parle skywalk

Written on 28 Dec, 2009 at 15:29 in Current Affairs, Legal, Others, Real Estate News | viewed 25 times | 0 Comments
High Court thwarts petition against Vile Parle skywalk

The Bombay High Court has recently rejected the petition filed by Vileparle Vyapari and Residents Association to oppose construction of skywalk at D.J.Road, Vile Parle-W. The Division Bench, consisting of Honourable Judges Ranjana Desai and Mridula Bhatkar, observed that, “Skyway... (Continue reading)

Multiple Registration of Property Documents

Written on 14 Dec, 2009 at 14:49 in Legal, Others | viewed 40 times | 1 Comment
Multiple Registration of Property Documents

A single property is registered numerous times to avail of finance. A dissertation of these practices sheds light into this malpractice.... (Continue reading)

Foreign nationals can keep 100% of Post-Tax Salaries

Written on 14 Dec, 2009 at 13:48 in Legal, Others | viewed 24 times | 0 Comments

Foreign nationals working in India can now take their entire post-tax salaries home, following a change in rules to this effect by the Reserve Bank of India (RBI). This will benefit sectors such as aviation, telecom and infrastructure, which employ... (Continue reading)

Auction of Non-Existent Flats

Written on 4 Dec, 2009 at 14:43 in Features, Legal, Others, Real Estate News | viewed 40 times | 0 Comments

By SR Agarwal, Advocate Whenever loans are granted by the banks and housing finance companies, hereinafter referred to as the financial institutions, the flats and the apartments are mortgaged to them, mostly, by way of equitable mortgage and in a... (Continue reading)

Agreement to Sell

Written on 2 Sep, 2009 at 17:08 in Others | viewed 60 times | 2 Comments

Agreement to Sell The sale and purchase of immovable property requires considerable time for completion of process and compliance of various obligations, since the stakes are high. Hence both the parties have to come to an agreement regarding the consideration amount,... (Continue reading)

Scrutiny of Title Deeds

Written on 2 Sep, 2009 at 17:07 in Others | viewed 14 times | 0 Comments

Scrutiny of Title Deeds Initial steps towards property purchase:- Scrutiny of title deeds of the property is the first and foremost exercise the purchaser’s advocate has to undertake before entering into an agreement with the seller. A clean and marketable title,... (Continue reading)

Will and the Common Man

Written on 2 Sep, 2009 at 16:57 in Others | viewed 37 times | 2 Comments

WILL Will and the Common Man By Advocate Vinod Sampat Mr. X was disappointed. He had counted on funds received from sale of his properties to help him finance after his retirement and to give reasonable amounts to his family members as well... (Continue reading)

Is Probate Compulsory?

Written on 2 Sep, 2009 at 16:38 in Others | viewed 81 times | 1 Comment

A probate for a will is required to be obtained only under circumstances mentioned in Section 213 of Indian Succession Act, 1925. Section 213 is reproduced for ready reference:- “Section 213 : Right as executor or legatee when established... (Continue reading)

Maharashtra Apartment Ownership Act paves the way for condos

Written on 24 Aug, 2009 at 17:01 in Others | viewed 155 times | 12 Comments

Maharashtra Apartment Ownership Act paves the way for condos By Mahabaleshwar N. Morje Q. What is the object and purpose of Maharashtra Apartment Ownership Act, 1970? Ans. This Acts provides for the ownership of an individual apartment in a building and to make... (Continue reading)

Property Rights with Hindu Succession Act

Written on 24 Aug, 2009 at 16:56 in Others | viewed 1 times | 0 Comments

Property Rights with Hindu Succession Act By A. T. Bureau The Hindu Succession Act 1956, is the most important enactment to regulate the property rights in Hindu religion. The Act came into force on 17th June, 1956. We will discuss the salient... (Continue reading)

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