Category: Property Legal Advice

Informative articles related to legalities involved with real estate in India.

Tax Treatment of Compensation Received by the Flat Owner from Re-developer of the Co-op. Housing Society

In Mumbai suburbs, re-development of existing old buildings have become a big real estate activity as the Government permits additional floor area to be constructed which ranges from 2 times to 2.7 times of the plot area. To make the proposal lucrative, the developer offers existing member some additional area in the re-constructed area alongwith […]

Registration of Property Documents in India

What does registration of property documents mean? Registration means recording of the contents of the document with a registering officer and preservation of copies of the original document. The registration of Sale Deed assures about genuinety of the title of the property. The Registration fees at present fixed for registering document relating to property transactions […]

Property Laws in Mumbai: What is Stamp Duty?

Laws that govern the ownership and tenancy of property in Mumbai, India includes Stamp Duty. What is stamp duty? Stamp Duty refers to charges in the form of taxes levied by Maharashtra State Government on enforceable documents. It is affixed on the face of the legal document. When is the stamp duty payable? It is […]

Compendium on The Real Estate (Regulation and Development) Act, 2016

  Download PDF The Real Estate (Regulation and Development) Act BACKGROUND Housing sector is one of the top contributors to country’s GDP and employment creation. Surprisingly, in spite of being such an important part of the economy, the real estate sector has remained by and large unregulated. The Real Estate sector is, to a limited […]

What is Occupancy Certificate,CC and IOD? Real Estate Terminology Part 2 [Approvals]

In the second of this six part series, we cover real estate terms related to important approvals for properties like occupancy certificate, etc. The first part covered terminology related to area of the property including carpet area, built-up area, etc. Intimation of Disapproval (IOD) IOD is an essential permission given to the developer by the […]

Can you buy property from your father?

  Thinking of buying property from your father or someone in blood relation? Wondering if Indian property law allows that? Legally, yes you can buy property from your close relative. But it doesn’t make any sense to buy property from father as its better to take GIFT from him.  In India, the Gift Tax Act has been […]

List of important Documents for Buying a Resale Flat

Have you identified the most important set of documents that you need to buy a resale flat in India? Have you had trouble finding out from where to procure these documents and whether they are mandatory to proceed with the deal to purchase the resale property? In this article, I’ll list out the legal documentation requirement […]
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