Banks in India provide various facilities for NRIs to manage their income, investment and transactions in India and the convenience of opening a bank account easily.Among various accounts, the NRO account or Non-Resident Ordinary Account is one such account which helps NRIs to manage their earnings in India. Earnings can be in the form of: […]
Perception is – Where there is property, there is a fraud! Possibly because, there is a lack of transparency in the processes, and the documentation is not simple. Also, in most cases, there is a casual approach to property management issues.Here’s a glimpse of what the transfer of property entails, the potential frauds therein, and […]
There has been such a massive change in the social milieu in our country that now issues arise regarding a mother’s property too – reflective of the fact that women have shares in the family property now.In further lines of succession of property owned by a woman, a son can claim a share in his […]
For a long time, the concept of succession or inheritance of property has been synonymous with how and what the son will get. Right of a son in the property of his father has always been a matter of concern and discussion. In a society which primarily rests on the patriarchal style of relationships, it is […]
Can parents take back the property gifted to their children?Let’s skip the mystery and come straight to the point! The answer is – YES Parents can indeed take back the property they have gifted to their children. Remember: All Gift transactions come under the purview of the Transfer of Property Act. Under this law, a valid gift once […]
Like other resident Indians, NRIs too have become conscious of putting in their money where the bigger buck is!Hence, investment in commercial property is being preferred over-investment in residential properties by NRIs. Why? Well, the rise in rental income from commercial property and growth in demand for commercial property is the main reason behind the shift […]
Some things in this world are still going fine jointly! Take property ownership in India, for instance – especially when we live in a country where the property is still one of the most coveted ways to connect with your roots.For NRIs, purchasing a property in India is much more than an investment opportunity. It […]
It is a bitter fact that there is an occurrence of frauds while buying or selling the property. Misinformation or Ignorance or lack of information on procedures and documentation is the main cause. However, one can easily avoid these complications. Some of such common frauds are:Imperfect Title – For a buyer, it is significant to ensure […]
Transfer of property means transferring the ownership of the property. For transfer of the property, one has to establish his claim or has to prove his title. The same can be done through various documents like sale deed, gift deed, Will etc.Will or no WillWhenever a person dies, someone has to manage his property and […]