The Societies Registration Act of 1860 established legal status for organizations fostering poetry, art, science, and charitable events. But changes and instructions made by the Union Territory (UT) and states have authorised the creation of RWAs under the abovementioned laws. This blog examines the legal criteria for founding and registering a society in India.… Read more
Top 4 strategies to invest in real estate without purchasing a house
Tags: IndiaReal Estate
Investing in real estate may appear rewarding, but getting started demands a significant amount of funds. There are several additional solutions that provide lucrative and consistent revenue flow without the requirement to own a house.… Read more
About Light House Project, Chennai
Tags: IndiaInfrastructure
Light House Project was inaugurated by PM Modi in Chennai, to help raise the vision of housing for all. Prime Minister Narendra Modi inaugurated 1152 houses constructed as part of the Light House Project – Chennai, built at a cost of Rs 116 crore under Pradhan Mantri Awas Yojana-Urban. Tamil Nadu’s Light House Project to provide homes to 1,152 families could be a game-changer in building affordable houses at a competitive cost as the project has been completed within 17 months of its foundation stone being laid by Prime Minister Narendra Modi last year.… Read more
In the Bombay Tenancy Act, what are Navi Sharat and Juni Sharat?
Tags: MaharashtraReal Estate
Considering land is a state topic, state laws govern all legislation, regulations, and laws concerning land transfer, conversion, and other procedures. Agricultural land conversions in Maharashtra are governed by the Bombay Tenancy Act, which allows tenement or leasehold ownership (Navi Sharat) to be changed to outright ownership (Juni Sharat).… Read more
What Are the Advantages and Disadvantages of Renting a Studio Apartment?
Tags: Real EstateRental
A studio apartment, also known as a studio flat or a self-contained apartment, is an open room with one exact centre and rooms assigned to fulfil multiple tasks such as the kitchen, bedroom, and living room. A separate bathroom is usually included with a studio unit.… Read more
What exactly is a gated community?
The strain of rising requirements and time constraints have curtailed social engagement among city inhabitants in shifting settings. As a result, there is an urgent demand for residential spaces that not only assure a comfortable lifestyle but also reignite the ancient beauty of communal living. This has opened the way for gated communities, which are becoming increasingly popular in the Indian real estate market.… Read more
What is the difference between de facto and de jure possession?
Tags: IndiaReal Estate
The two most commonly used words in real estate are de facto and de jure possession. De facto refers to physical custody of property, whereas de jure refers to legal possession of an immovable item independent of physical possession.… Read more
How to Locate Ancestral Property Information in India?
What exactly is ancestral property?
Ancestral property is defined as any property inherited from a father, paternal grandpa, or great-grandfather. Furthermore, with a few revisions to the Hindu Succession Act of 1956, a property inherited by a son is no longer considered ancestral property, but rather a self-acquired property. As a result, the Supreme Court has excluded various properties from the definition of “ancestral property,” such as those inherited from a mother, grandmother, uncle, or even a sibling. Furthermore, property inherited by Will or Gift Deed is not designated as ancestral property.… Read more
Delhi’s property registration procedure will become more effective.
Tags: DelhiReal Estate
Delhi residents would no longer have to wait in enormous queues to register their houses. The Delhi government intends to deploy technology such as biometric identification and queue management systems to make the property registration procedure more convenient for people.… Read more
In Delhi, transfer duty will rise by 1%.
Tags: Tax Guide
Property transfers in Delhi could become more expensive as the combined Municipal Corporation of Delhi (MCD) proposes a 1% increase in transfer duty.… Read more
