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10. Legal

property tax

How to save capital gains tax while selling a house?

What is capital gains tax? Capital gains means the profit obtained from the sale of a non inventory asset which had been purchased at a lower price than the sale amount. Capital gains tax is the tax levied on this profit. Capital gains tax may be levied on sale of various assets – bonds, stocks, […]

apartment building

Builders cannot charge Transfer fees

Real estate in India has been criticized for the lack of transparency and the unfair advantages exercised by big builders. One of the major hurdles faced by apartment owners in India is that whenever they want to sell any flat owned by them, they are asked by the builder to pay a transfer fee before […]

Subletting your apartment/home? Tread with caution

Subletting an apartment or home is not a new idea. It has been a contentious whether or not subletting to be allowed. If you are a tenant,  there may be various reasons as to why you would  want to sublet your apartment or home – you cannot occupy the flat at that time or would […]

Documents required for resale flat in co-operative society

Resale of a flat in a registered Co-operative Society requires documentation specific to the nature of transaction. If you are looking to sell a flat in a housing Cooperative Society, then there are documents you need to procure to ensure smooth transaction. The main documents pertaining to a resale flat in a registered Cooperative Society […]

Allotment Letter: An important tool to buy a property

What is an allotment letter? If you are booking an under-construction property, you are required to receive an allotment letter from the builder. This letter includes all the details regarding the flat, the payment options and any extra charges that you may have to pay in case of maintenance or additional facilities. It also includes […]

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