Earlier, developers/builders quantified area on the basis of Super Area and charged thereon, thereby attaining huge profit margins. Super Area as defined in various agreements between builder and buyer...
M Mulla Associates
The Supreme Court of India in a landmark decision in the case of Vinodchandra Sakarlal Kapadia v. State Of Gujarat And Ors. [Civil Appeal No. 2573 of 2020] held an assignment of an agricultural land by way of a "will" ...
In common parlance, a lease of immovable property is vesting of property to a lessee in lieu of rentals and premium for a particular term...
To provide an impetus to the housing sector, the Finance Bill, 2021 introduces some amendments aimed at boosting real estate demand and incentivising affordable rental housing.
J. Sagar Associates
The real estate sector has been hit hard by recent events. Affordable housing has been the focus driver and significant priority in real estate sector for the Government, in line with its ‘Housing for All' policy.
A Tenancy Agreement was entered into between the landlord's predecessor-in-title (Shree Bajrang Land & Trading Company) and the tenant (Appellants) on February 02, 2006 in respect of certain go- down and other structures.
Section 19 of the Indian Contract Act, 1872 provides that in an agreement where consent to an agreement if caused by coercion, fraud or misrepresentation...
On Thursday, 14 January 2021 our managing partner Mr Akshat Pande hosted Mr Manish Lamba (VP Legal DLF Cyber City Developers) and Satish Bajaj (Managing director Global Inspirations)...
India's real estate market is said to grow to INR 65,000 crore (US$ 9.30 billion) by 2040 from INR 12,000 crore (US$ 1.72 billion) in 2019.
India's real estate market is said to grow to INR 65,000 crore (US$ 9.30 billion) by 2040 from INR 12,000 crore (US$ 1.72 billion) in 2019
The Model Tenancy Law has been prepared by the Ministry of Housing and Urban Affairs with an objective to balance the interests and rights of the landlords and tenants.
Vaish Associates Advocates
Right to property may not be included in the fundamental rights under the Constitution of India, however, it still remains a valuable constitutional right under Article 300-A of the Constitution of
M Mulla Associates
The Apex Court vide its judgment dated 17th June, 2020 passed in the case of Siri Chand (Deceased) Thr. LRS. v. Surinder Singh [Civil Appeal No. 2617 of 2020]
Transfer of Property Act, 1882 ("TOPA"), a central legislation, contains the general law governing the transfer of property by the acts of parties including the lease of immovable properties.
Under tenants-in-common, upon death of one of the owners, the interest in the property will devolve according to the will of the deceased...
A promoter/developer who is promoting, advertising and marketing a real estate project, has a lot of responsibilities and obligations to fulfill.
Obhan & Associates
The Ministry of Housing and Urban Affairs ("Ministry") has prepared a Draft Model Tenancy Act, 2020 ("MTA") with the objective of balancing the interests and rights of landlords and tenants...
Residential real estate due diligence is a process that can never improve enough. There is always scope for more detail and efficiency. And let not macroeconomic optimism and builder assurances...
Shardul Amarchand Mangaldas & Co
Affordable housing is a segment of real estate sector that focusses towards housing for medium and low income group of the society.
A housing finance company ("HFC") is another form of a non-banking financial company ("NBFC") which primarily is engaged in the business