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IndianPropertyLawyers

Land acquisition bill 2013.

Land Acquisition Bill 2013- Provisions and Compensation

The Land Acquisition Bill has finally come into force from 1 January, 2014.  The Bill – Right to fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013 – was enacted in 2013 and was passed by both the houses (Rajya Sabha and Lok Sabha).  The Bill, that replaced the old “Land Acquisition Act, 1894,  addresses […]

CommonFloor Editorial Team

Types of Construction contracts

What is the difference between Fixed Price Contracts and Cost plus Contracts?

Construction contracts are the contracts negotiated and entered into by and between the developer(s) and the construction contractor(s) for construction of a particular project or set of projects. These contracts are mainly of two types-Fixed Price contracts and Cost plus contracts. Fixed Price Contracts Under this type of contract, the construction cost of the entire […]

CommonFloor Editorial Team

What is a Sale agreement?

Property sale agreement or Sale agreement is a document in writing executed, signed and delivered by the parties to the agreement i.e. Seller and Buyer and witnessed by at least two witnesses. It is prepared on non-judicial stamp paper. In a buy /sale transaction for immovable asset, till the final sale deed is registered, sale […]

CommonFloor Editorial Team

NRI’s guide- Factors to consider while selling NRI’s property in India

Legalities involved in the purchase of immovable assets by NRIs have been discussed in the earlier column. Here we will discuss the legal requirements and formalities to be complied with for sale off immovable assets owned by NRIs. An NRI can sell residential or commercial property in India to any resident Indian, an NRI or […]

CommonFloor Editorial Team

Which home loan repayment option suits you the best?

Financial institutions and banks offer a number of repayment schemes to suit the needs of different types of prospective borrowers.  This is primarily done with an intention to attract more borrowers and fence sitters. Some of such innovative repayment schemes are given below: Step-up Option:- This suits the “younger generation and new to employment”the most. […]

CommonFloor Editorial Team

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