Light House Project was inaugurated by PM Modi in Chennai, to help raise the vision of housing for all. Prime Minister Narendra Modi inaugurated 1152 houses constructed as part of the Light House Project – Chennai, built at a cost of Rs 116 crore under Pradhan Mantri Awas Yojana-Urban. Tamil Nadu’s Light House Project to provide homes to 1,152 families could be a game-changer in building affordable houses at a competitive cost as the project has been completed within 17 months of its foundation stone being laid by Prime Minister Narendra Modi last year.… Read more
What exactly is a gated community?
The strain of rising requirements and time constraints have curtailed social engagement among city inhabitants in shifting settings. As a result, there is an urgent demand for residential spaces that not only assure a comfortable lifestyle but also reignite the ancient beauty of communal living. This has opened the way for gated communities, which are becoming increasingly popular in the Indian real estate market.… Read more
What is the difference between de facto and de jure possession?
Tags: IndiaReal Estate
The two most commonly used words in real estate are de facto and de jure possession. De facto refers to physical custody of property, whereas de jure refers to legal possession of an immovable item independent of physical possession.… Read more
How to Locate Ancestral Property Information in India?
What exactly is ancestral property?
Ancestral property is defined as any property inherited from a father, paternal grandpa, or great-grandfather. Furthermore, with a few revisions to the Hindu Succession Act of 1956, a property inherited by a son is no longer considered ancestral property, but rather a self-acquired property. As a result, the Supreme Court has excluded various properties from the definition of “ancestral property,” such as those inherited from a mother, grandmother, uncle, or even a sibling. Furthermore, property inherited by Will or Gift Deed is not designated as ancestral property.… Read more
A woman’s property rights after divorce
Legal issues are frequently difficult and need expert help to be effectively channelled. However such an issue is a woman’s right after divorce, and under what conditions may a separated or divorced wife assert her right to her husband’s property? Continue reading to find out.… Read more
Can landlords impose terms on tenants’ visitors?
Landlords may not impose unreasonable restrictions on guests or demand a fee for having visitors over. You might, however, include particular terms in your lease that pertain to renters’ visits and their privileges. Having an unpleasant or lengthy-term visitor is not uncommon in leases, so keep in mind details like:… Read more
All To Know About Payment Banks
A financial institution that isn’t a financial institution. This is the core notion underlying the specific form of a Payments Bank. To realize the vision of virtual India, the Reserve Bank of India created the notion of bill banks to increase the penetration of monetary products utilizing reaching areas where actual banks cannot.… Read more
All to know about Demand Draft (DD)
Tags: IndiaReal Estate
A draft, often known as a DD, is a negotiable instrument issued by a financial institution. The meaning of a negotiable device is that it secures a positive amount of fee by bringing up the payee’s call. It cannot be transferred to another character under any circumstance.… Read more
Commercial real estate due diligence is more sophisticated than residential real estate
Investors may be busy seeking innovative ways to maximize opportunities in a fast-changing and rapidly expanding commercial real estate market. Veteran company asset purchasers turn over each stone to eliminate the possibility of post-transaction surprises. Given the variety of risks involved, newcomers must use the same strategy and be prepared to rush into a purchase.… Read more
All You Need to Know About CGST, SGST, IGST and UGST
GST is classified into four types: Integrated Goods and Services Tax (IGST), State Goods and Services Tax (SGST), Central Goods and Services Tax (CGST), and Union Territory Goods and Services Tax (UTGST) (UTGST). Every one of them has a unique taxing price.… Read more
