A comparable incident has occurred less than a month after the Supertech Twin Towers in Noida were demolished. The Supreme Court granted demolition orders for Kapico, a seven-star resort in Kerala, in 2020, but the procedure has only recently begun. The resort, valued over Rs 200 crore, would be suspended for breaking the State’s Coastal Regulation Zone (CRZ) guidelines. Continue reading to learn more!… Read more
There are eight reasons for contesting a will.
A Will is a written legal document that outlines the terms of property inheritance by legal heirs, along with the distribution of shares among the beneficiaries. While it is not required, it is recommended that the document be registered under the Indian Registration Act to enhance it as strong legal proof.… Read more
What is a lease deed and how does it vary from a rental agreement?
The owner of commercial property frequently lends it to a third party in exchange for money. To establish a shared basis, a legal agreement is created and signed by the property’s owner or lessor and renter or lessee. This is referred to as a Lease deed. Here’s what you should know.… Read more
Know the laws and circumstances before purchasing property in the name of a minor
A property transaction is only feasible if the buyer is over the age of 18. He is required to sign the contract and deeds. According to the Indian Majority Act of 1875 and the Indian Contract Act of 1872, a minor under the age of 18 is not permitted to sign any instrument relating to property transactions. It can only be done when a guardian or parent legally responsible for the child is permitted to sign.… Read more
Price of MHADA Konkan’s Balkum Housing Scheme apartments has risen by 40%.
The MHADA Konkan board has raised the price of readymade houses in Balkum, Thane that were part of the MHADA lottery 2018 by up to Rs 16 lakh for lottery winners. There were 197 homes in the Balkum housing complex. In addition to the 125 lottery winners, 69 special scheme recipients were also included in the MHADA lottery 2018.… Read more
Properties of Warm Shell vs. Bare Shell
Practically all of us want to one day own the home of our dreams. Nevertheless, tastes may differ. While some of us may opt for a ready-to-move-in house since further delay is out of the idea, others may wish to personalise it. All purchasers’ demands are met by the real estate sector. Nevertheless, before you enter the world of real estate, it is critical that you grasp the numerous jargons that you will encounter while working with builders and property brokers. While some phrases are obvious, others may catch you off guard with their absolutely out-of-this-world connotations. Warm, vanilla, and raw shell are just a few examples.… Read more
The Pune Corporation will levy a property tax depending on facilities.
What exactly is Capital Property Tax?
Capital Property Tax is a tax charged based on the amenities and price of a property or apartment. In other words, the greater the tax, the more opulent the amenities. While additional information on this arrangement and when it will be implemented is required, it is known that it will involve paying property taxes rather of the existing circle rates. The facilities that a property owner enjoys will be paid for separately!… Read more
Three issues that real estate agents avoid telling
Many sellers try to conceal water intrusions and cover them with beautiful wallpaper or coat a layer of paint to distract your attention. Besides, the dampness problem that may arise from exposure to water condensation is closely related to leakage trouble.… Read more
