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Property in India

asangaon

Buy A Property At Asangaon for Rs. 10-15 Lakhs

If budget is a constraint to buy a dream home in Mumbai, there are a few options available around Mumbai where one can buy a good property for a low budget. Asangaon is one of those options where one can buy a 1-BHK property for a budget as low as Rs. 10-15 lakhs. Asangaon Geography […]

karthik.k

Tax

Property tax in Delhi on new parameters

A new set of rules have been designed for the collection of property tax in Delhi by the Municipal Corporation, after its trifurcation into North Delhi Municipal Corporation, South Delhi Municipal Corporation and East Delhi Municipal Corporation. The property taxes for colonies categorized under the different corporations would be now collected by the Commissioner of […]

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

Gift and Relinquishment deed for transfer of Immovable property

Of the various methods for transfer of ownership rights in a property “Gift” and “Relinquishment” are two such methods. Both the aforesaid terms serve the same purpose of transfer of property, have similar implications, but the circumstances in which these are executed are different. Gift of immovable property Gift is defined under section 122 of […]

CommonFloor Editorial Team

A guide on gifting a property to NRIs

Let’s have a look at the Indian real estate laws related to inheritance of acquisition of immovable properties by way of gift received by the non-resident Indians (NRIs) from Indian citizens. Generally, most NRIs are of the opinion that these laws are way too complicated, while actually they are not. An NRI or a person […]

CommonFloor Editorial Team

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