Property purchases are among the most important decisions you will ever make, and the process involves many legalities and administrative tasks to ensure that the asset is free from legal action and criminal claims. The 7/12 Extract is one of the documents required to buy property in Maharashtra, and it is an extract from the land statistics register kept by the Revenue Department of the Government of Maharashtra. When investing in plots inside rural or semi-rural regions, this report is necessary. Due to the government’s decision to forgo its use in Maharashtra’s urban regions, which include suburban numbers, the report is only crucial when land areas lack any city survey counts.… Read more
JK Land Records (2023): Accessing Online Land Records in Jammu and Kashmir Made Easy!
Tags: Realty Guide
Here are the steps on how to check online land records in Jammu and Kashmir on landrecords.jk.gov.in:… Read more
CERSAI (Central Registry of Securitisation Asset Reconstruction and Security Interest of India): All homebuyers need to know
Tags: Real Estate
The CERSAI was established in 2011 to keep track of statistics on lending transactions including equitable mortgages in India.… Read more
Which Navi Mumbai Area Is the Most Posh?
Navigating the bustling city of Navi Mumbai can be an overwhelming experience, especially for those seeking a touch of luxury and sophistication in their living space. In this article, we will delve into the question that many are asking: “Which is the most posh area in Navi Mumbai?” Let’s explore the crème de la crème neighborhoods that define opulence and elegance in this thriving metropolis.… Read more
Process of E-Stamping & its Benefits
Tags: Stamp Duty
You must pay stamp duty on every property acquisition or sale to complete the transaction effectively. … Read more
All about External Development Charges!
Real estate developers in Haryana owe close to Rs 21,679 crore in additional development costs (EDC) and infrastructure upgrading fees (IDC). This amount is the 15 percent yearly penalty that those developers have accrued on top of the actual fee as a result of their inability to pay the bill on time. In actuality, at the EDC, about 80% of arrears are considered a penal hobby, and at the IDC, the percentage has exceeded 100%.… Read more
What is GPA in Property? Understanding the Concept and Its Importance
Tags: Real EstateRealty Guide
When it comes to property transactions, particularly in India, the term GPA often arises. But what is GPA in property? The GPA full form in property is General Power of Attorney. It refers to a legal document that allows one person, known as the Principal, to authorise another person, the GPA holder, to carry out specific actions on their behalf regarding property matters. This blog will explore how the GPA power of attorney works, its significance, and the legal challenges associated with it, especially in property dealings.… Read more
How to Invest in Real Estate in India: A Beginner’s Guide for 2024
Tags: Real EstateRealty Guide
Real estate investment has long been one of the most popular methods of wealth creation in India. With rapid urbanisation, a growing population, and an increasing need for residential and commercial spaces, real estate investment continues to offer attractive returns. Whether you’re looking for long-term gains or passive income, understanding the fundamentals of real estate investment in India is key to making informed decisions.… Read more
What is Conveyance Deed? Meaning, Types, Purpose, and Difference from Sales Deed
Tags: Realty Guide
A conveyance deed is a legal document in which the seller transfers property ownership to the buyer. It comprises information such as the property description, the individuals involved, and the terms of the transfer. The significance of a conveyance deed varies based on the type, which might be gift, lease, or mortgage. Unlike a sales deed, it can cover more types of property transfers than only sales transactions, assuring legal title to the property.… Read more
