RERA Act is safeguarding the interest of the purchaser. It is essential to understand the Act first. The RERA Act was brought into force to reform the country’s Real Estate segment, which then would encourage better transparency, making it more citizen-focused, improving financial discipline, and increasing accountability. The act included 92 sections and was enforced […]
Q.: I want to purchase a flat from a promoter. The promoter swears that his title to the property is good, unencumbered, clear, marketable and has produced a title certificate from his advocate. Whether I can rely on title certificate? A.: the promoters’ builders obtain title certificate from their advocate on production of title documents. […]
Q. I have mortgaged the property to bank to avail the loan. The mortgage is simple mortgage which is registered. I am in possession of the property which is vacant. Can I let out the mortgaged property which would help me financially o discharge the loan? A.: Transfer of property act deals with this situation. […]
Q. I have purchased a site from my friend. My friend got the site by allotment of BDA and has paid the full value to the BDA which has executed a conditional sale deed. The sale deed has put a condition that the transferee should not sell the site for a period of 10 years […]
Q.: About 13 years ago, my mother financed the purchase of a revenue plot in Bangalore in the name of my brother who was a student (but was a major) at the time of purchase. GPA and Sale Agreement are both in my brother’s name. The plot is not registered at the Sub-Registrar’s office also […]
Q.: I am Hindu and have acquired certain immovable properties out of my own income. I do not have any issues. My husband died recently and my parents have expired long back. Please inform who will succeed to my self acquired property if I dot make a Will. A.: The succession to the self acquired […]
Q.: in our Apartments ( 12 flats) the builder, represented by seller’s GPA has sold the open land in front/rear of ground floor flats to them and a car parking at the main entrance gate to 3rd floor owner. Schedule of A property measures 7190.5 sft. Schedule B property spells out an undivided share, right, […]
Q.: I have immovable properties in Mumbai, Bangalore which are let out and I require them for my business. Please inform me in general grounds for eviction? A.: In case of the Rent Control Act of each state. The grounds of requirement are provided. In some Acts it is mentioned as Bona fide requirement, in […]
Q.; My mother deceased recently. Father has expired long ago. My mother has left behind property worth 60 lakhs. It is her self acquired property. She has not made any Will. We are four brothers and two sisters in all six. One of the brother and sister had died subsequent to the death of mother. […]
Q.: I am an orphan and brought up by my distant relative. Out of natural love and affection, my distant relative wants to give some immovable properties to me by Will which he want to keep as a secret. Please clarify whether Will requires to be witnessed, or I and my witness relative could sign […]