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Details of Title deeds of the properties in Maharashtra to be online soon

Written on 13 Aug, 2010 at 12:58 in Legal, Others, Property Rates | viewed 4 times | 0 Comments

Registration and Stamps department across Maharashtra plans to put the details and records of the title deeds and documents of all the registered commercial and residential properties, now online, for the convenience of the citizens. The State Chief information Commissioner... (Continue reading)

For a redevelopment, approval of 70% tenants is binding upon the other members,

Written on 11 Aug, 2010 at 12:58 in Legal, Others | viewed 4 times | 0 Comments

In a recent ruling, the Bombay High Court has stated that the issue of minority of tenants can not be an obstacle for redeveloping a property if minimum 70% of the tenants are ready for the same. The judgement came against... (Continue reading)

Recent Development in Service Tax and VAT in Real Estate

Written on 10 Jun, 2010 at 14:14 in Income Tax, Others, Real Estate News | viewed 69 times | 5 Comments
Recent Development in Service Tax and VAT in Real Estate

By Kantilal Jain, FCA In the budget for 2010 both Central and State Governments have made certain amendments to levy tax on sale of immovable property under construction to enhance their revenue and to overcome certain judicial pronouncements. An attempt is... (Continue reading)

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 26 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 55 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 26 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 47 times | 1 Comment

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 87 times | 3 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 17 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 39 times | 3 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)

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