The division of property can be made a hassle-free exercise if there is proper documentation in place as per legal advice. The Impact of divorce on joint property…
Impact of divorce on joint property in India
Category: Blog
What is mutation of property and why it is important for buyers?
From a buyer’s point of view, it is imperative that the property he intends to buy has a clear and undisputed title. The onus to verify the title of the property is on the buyer. It requires well-maintained land record/municipal records where all the past transactions related to the property title are duly recorded. It […]
Rules for selling immovable property in India and repatriation of sale proceeds
Real Estate investment and later selling property acquired in India by NRIs have always been a significant area inviting many queries. RBI governs sale and purchase of property by NRIs under FEMA (Foreign Exchange Management Act), 1999. RBI grants general Permission for property transactions by NRIs in India, and in some cases, specific permission of […]
Tax implications on a gifted property
Gifting a property is a kind gesture, and it is better to be aware of tax implications for gifting a property.We had a case where Mr Bhushan, an NRI was gifted with land situated in India by his father, a resident Indian. He wanted to know: If a land in India can be gifted by […]
Why and where to invest in property in India
Real Estate investment has always been a lucrative option. It still attracts a lot of investors for building on wealth as it promises good returns. Real Estate covers: Housing sector Retail Hospitality Commercial Indian Real Estate sector is also a good option for NRI investors as there is a lot of scope and potential for […]
Importance of registration of rent deed
Gurdip Kaur, a middle-aged woman, residing in the UK had rented out her house here in Punjab. Last year she approached us due to a dispute between her & her tenant in India. Although she did have her rent agreement duly signed by both the parties and authenticated by independent witnesses, the agreement was not […]
AADHAAR VERDICT: Balance between the government and the common man
The Aadhaar Act, 2016 was enacted with a purpose to provide certain services and benefits by generating a unique identification number. The aim was to plug the leakage of money spent by Government on various social schemes so that benefits reach the intended beneficiary.In a recent judgement delivered on 26.09.2018, deciding 31 petitions, Hon’ble Supreme […]
Property rights of the second wife and her children
Property rights of the second wife and her children can be studied and evaluated as rights of the second wife and her children born out of the second wedlock, in the property of their father.Polygamy was recognised and acceptable among Hindus in ancient times. In modern India, we have a law in place, Hindu Marriage […]
Can you sell your share of an Inherited Property?
The question of selling a share in an inherited property arises when you inherit a property jointly with others. There is joint ownership, and there are co-owners. To determine the share of each co-owner, we need a partition deed.After the amendment in the year 2005, in Hindu Succession Act, 1956 the interest of deceased Hindu, […]