June 18, 2024

Property Mortgage in India – Types, Penalties, Payments and Interest Rates

Property mortgage in India Types, Penalties, Payments and Interest Rates

Property Mortgages are contractual agreements that allow individuals to obtain financial resources from a lender by using real property as security. As specified in the Transfer of Property Act of 1882, these agreements exist in many formats, each outlining distinct rights and responsibilities for the parties concerned. These categories include several types of property mortgages, […]

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December 1, 2023

Understanding the Property Transfer Act in India and its Impact on NRIs

Understanding the Property Transfer Act in India and its Impact on NRIs

IntroductionThe Property Transfer Act, often a subject of great interest for both domestic and non–resident Indians (NRIs), significantly regulates property transactions in India. This legislation governs the transfer of property from one entity to another. Understanding the rights and obligations of NRIs regarding property transactions in India is crucial. Furthermore, the Property Transfer Act plays […]

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