Legal Guidance
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Things that You should Know about Tripartite Agreement
If you have already made up your mind to buy your home which is under construction, then you must know about the critical legal document – Tripartite Agreement or Tri-party Agreement. This document holds relevant details of housing loan or any leasing transaction of a project which is under construction. The details involve the buyer, seller and the lender, which helps the buyer to avail loans a...
LEGAL GUIDANCE -
Can Self-Employed People Claim HRA?
No matter how calculative we are, income tax calculation is a challenge for most of us. Most of us look for simple tips on how we can save on tax. People when they move to a bigger city, accommodation is the first challenge. Owning a house is a far fetch question for maybe a few years. So, the option is renting a home paying a right amount of rent. If anything can be saved in these lines can help ...
LEGAL GUIDANCE -
An Apartment Society Must Be Registered: Know Why
Apartment Owners Association (AOA) in India is an association where all the owners of society are members, and this voluntary body works towards the welfare of residents such as maintenance of all common areas, enforcing society regulations, conducts various events or awareness programmes whenever necessary and also protects the rights of apartment owners. This organisation also has an authority t...
LEGAL GUIDANCE -
Know Your Rights if Other Party Fails to Honour Sales Agreement
Every contract may come across a glitch. The sales agreement is also at no ease as well when either of the parties fails to honour the sales agreement. One must know the rights in such cases. For Sellers A situation may arise from any of the parties. One must be prepared, and before taking any decision, the following points should be considered. The first thing to do is to read s...
LEGAL GUIDANCE -
Rights to Property of a Second Wife and Her Children
Indian law to inherit property has laid many factors clearer in past decade to put to an end to disputes. One of the popular moves was the Hindu Succession Act, 2005, where a daughter has full right on the ancestral property of the father as long as she can prove her succession. Let's understand some in-depth knowledge of property inheritance laws with an example. If the father is rem...
LEGAL GUIDANCE -
The Clause on Property Inheritance as per Hindu Succession Act
Hindu Succession Act 1956 is the law to amend the law related to interstate or unwilled succession. In case a Hindu male dying reinstates, or without a will, the property will be handed over to first to heirs within Class I. Amendment to the act was done in 2005, where female possessing any property has full rights to deal with it even after marriage. Supreme Court further amended the law in 2...
LEGAL GUIDANCE -
RERA says Home Buyers can Quit Project Anytime. However...
Home buyers may have several reasons to cancel their booked property under construction. They can quite a project at any point of construction. However, there is some clause. Some monetary dent will be applicable in all means. According to the Real Estate (Regulation & Development) Act, 2016, an allottee has the right to leave/cancel the allotment in a project. However, if the promoter is not...
LEGAL GUIDANCE -
Steps to File a Complaint in Consumer Court
With an introduction of Real Estate Regulatory Authority (RERA), there has been transparency in laws aiming to end home buyers troubles boosting up real estate investments. The compulsion of registration of new and ongoing projects has enabled aggrieved buyers to file a formal complaint against developers in case things go wrong during property purchase. This assures prompt action, or compensa...
LEGAL GUIDANCE -
Register Your Property and Stay Out of Trouble
We tend to postpone things where you need to shell out money. Delay in property registration is common to hold up spending money for some more time! You are even ready to buy a property when a builder offers you a great deal even if knowing the fact that the property is not being registered in your name yet. Well, what's wrong with it? Trouble may not be foreseen earlier; however, now you are ...
LEGAL GUIDANCE -
Here are the Hits and Misses after One Year of GST
It's been over a year that Goods and Services Tax (GST) has been enforced in the country bringing in a lot of debates. Stakeholders have tried to align their businesses to abide by this new tax regime. Here are the lists of hits and misses GST over the period of one year: Hits Deloitte India survey: Around 77 percent of chief financial officers believe that GST had a favourable imp...
LEGAL GUIDANCE
