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10. Legal

Highrise apartments

Green Signal for high rises

New Delhi: In what could possibly be the cause of a breather and provide huge relief to builders operating in congested (saturated/urbanised) or space deprived cities like Mumbai and delhi; the Environment Ministry has abrogated issuing green clearances for high-rise buildings on the basis of the width of the roads that they fall by the […]

It is necessary to implement a system like single window system

Need for a ‘single window approval’ system in real estate grows

Real estate projects in India are mostly facing delays in completion due to the existing prolonged system of seeking approvals. In general, developers have to seek over thirty clearances to land a residential project, which in our system, takes few years to obtain. To overcome this issue and make the process simpler, it is necessary […]

Delhi Government to regularise extended village abadi areas

A proposal to regularise extension of ‘village abadi’ in 165 villages, under the revised guidelines 2007 related to unauthorised colonies, was tabled before the Cabinet meeting on Monday. The decision is said to be announced on May 15 at a farmer’s rally to be held at Talkatora Stadium in New Delhi. After seeking the Cabinet’s […]

Rent agreement: Points to remember

Rent agreement is an important document which defines the legally binding relationship between the tenant and the landlord. Usually, a broker is involved in carrying out the initial transaction between the two parties. However, both the parties can also take help of a lawyer to draw the rental agreement. A rental agreement is a legal […]

Service tax on luxury houses increased

The real estate in India is at a crucial phase at present. While the real estate has been growing at a hurricane pace in the last decade or so, recent slump has put clouds of doubts hovering over the high rises of India. Sales have been dropping and the contribution of real estate to the […]

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