Real Estate Legal And Taxation
Fight For Justice
Are you a victim of property fraud? If yes, we give you a detailed step-by-step process on how you can file a consumer complaint and redress your grievances. Gaurav Gupta, a home-buyer, was a victim of dual cheating when he bought a new house recently. \"On one hand, the apartment I bought was...Read more
Is Your Building Conveyed?
A deemed conveyance is important as it establishes the ownership of flat owners on the land on which the society has come up. Conveyance is transferring the rights, title, interest and ownership of the land and building from the land ownerproperty developer to the co-operative housing society. \"...Read more
Check Before Buying A Resale Property
Buying an old property could be trickier than buying a new one. Here is a checklist to be kept in mind. Investing in a property or buying a property is no joke, as people put in their lifetime\'s saving in it. While buying an old property, there are more than usual questions that are to b...Read more
5 Checkpoints Before You Sign A Rent Agreement
1. Rent clause The first thing to check is the rent you will pay and the increment clause. If no hike is mentioned in the document and the owner decides to increase it a few months down the line, it will be easy to confront him. There is usually a 10% rental rise after a year, and you need t...Read more
Things To Keep In Mind While Gifting A Property
Are you planning to gift property? If yes, bear the following things in mind. What is a gift deed? Defined under section 122 of the Transfer of Property Act, 1882, any immovable property can be transferred through a gift deed. A gift deed is similar to a sale deed except that no money is paid ...Read more
Did You Know You Have To Pay Tax On Vacant Property
Did you know you have to pay income tax on vacant property too? Read on… Across the world, property ownership is seen as an investment. But most of us don’t realise that this ownership comes at a price. If you own more than one built-up premise, you are expected to pay income tax on ...Read more
5 Risks To Watch For While Buying Auctioned Homes
Repossessed properties sold by banks can appear to be a steal for bargain hunters, but they come with their own set of risks. Buyers should remember that a bank\'s claim on a property put up for auction is restricted to the outstanding loans against it. Thus, the base price is determined by the o...Read more
What Are Women\'s Right To Property
According to the amendments made in 2005 to the Hindu Succession Act, 1956, now a daughter of a Joint Hindu Family governed by Mitakshara Law has a right by birth to become a coparcener in her own right in the same manner as a son. This would give a daughter and a son same rights to inherit the Join...Read more
Muslim Daughter Can Inherit From Hindu Father: Gujarat High Court
A division bench of Gujarat High Court on March 7, held that a woman, who follows a religion other than Hinduism, is entitled to the inheritance of her Hindu father\'s ancestral property, according to the Hindu Succession Act. A bench of Chief Justice R S Reddy and Justice V M Pancholi upheld an ...Read more
Legal Eye
Hidden costs? I have booked a flat in an under construction property that is likely to be completed next year. Almost 80 percent of the agreement value is paid during the progress of the construction. From what I understand, on the balance payment, GST would be applicable, thus increasing my payo...Read more
