Prime Minister Narendra Modi will lay the foundation stone for Light House Projects (LHPs) across six states as part of the Global Housing Technology Challenge-India (GHTC-India).… Read more
PropertyPistol Insight Team
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All about the SARFAESI Act
Tags: Real Estate
The SARFAESI Act was passed on December 17, 2002, to lay out procedures to enable Indian creditors to recover their debts swiftly. The SARFAESI Act allows banks and other financial institutions to immediately sell residential or commercial properties that have been pledged with them to get better loans from borrowers. Before the passage of this Act, businesses had to resort to civil suits in the courts to recover their debts, which was a lengthy and time-consuming procedure.… Read more
Difference Between Sale Settlement & Agreement of Sale
Tags: Real Estate
When buying or selling immovable property, it’s critical to protect your investment with a legal agreement. However, the type of settlement that is reached may also differ depending on how the events are resolved. In general, there are two types of contracts: the settlement of sale, in which the transfer of property is guaranteed at a future date, and the sale deed, which contains an immediate transfer of property rights. As a result, the covenant is created based on the nature of the customer-vendor relationship.… Read more
All About HUF
Tags: LegalReal Estate
Hindu Undivided Family (HUF). You can reduce taxes by expanding your family unit and combining assets to form a HUF. HUF collects taxes from its donors one by one. A HUF can be formed by a Hindu family’s circle of relatives. HUFs can also be formed by Buddhists, Jains, and Sikhs. HUF has its PAN and keeps track of its contributors’ tax filings.… Read more
Chota Nagpur Tenancy – CNT Act
Tags: Real Estate
The Chota Nagpur Tenancy -CNT Act, 1908, is a land rights statute that was enacted with the help of the British to protect the land rights of Jharkhand’s tribal population. The CNT Act is notable for prohibiting the transfer of land to non-tribals to ensure network ownership. Within the CNT Act’s authority are the divisions of North Chota Nagpur, South Chota Nagpur, and Palamau.… Read more
Legal Heir Certificate – Meaning, How to Apply and Format
Tags: LegalReal Estate
Individuals without a criminal history may run into issues because they are unable to understand the meaning of all the technical terms or the activities contained in the Indian charter. One such divisive topic that may be made simpler is a legal heir certificate.
Continue reading to find out more about criminal heirs and how to get a legal heir certificate. Succession rules state that an inheritor is a person who inherits all of a deceased person’s material possessions, debts, and even money owed on actual property if no will or criminal explanation is left behind.… Read more
What to do before moving out of your apartment?
Tags: Real EstateTips
Moving may be both exciting and stressful. There is so much to do! Permits guarantee you complete all the necessary measures to travel from your cutting-edge rental before you’re knee-deep in packing peanuts. You want a seamless transition to your new apartment, and you also want to do everything you can to get your security deposit back, so let’s take a look at what you need to do before you leave your rental.… Read more
All You Need to Know About Release Deed
Tags: Real Estate
A deed of release is a criminal document that cancels a previous claim on an asset. It provides launch documents based on a legally enforceable agreement. When a lender releases the title of real property to the house owner after the loan is paid off, a deed of release is most likely covered. A deed of launch relieves the events of their previous commitments.… Read more
