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property sale

Vandalur

Growth of real estate to be stirred by niche areas

As per the findings of a report compiled by internationally renowned real estate experts, amusement parks, affordable housing, logistic and education hubs as well as healthcare are amongst the niche areas which are developing within the realty sector. The country’s real estate industry up until the fiscal of 2000 was restricted mostly to commercial, industrial […]

CommonFloor Editorial Team

TDS

TDS on immovable property: Points to consider

In its recent move, the central government has gained the spotlight by implementing tax deduction at source(TDS) on the transfer of immovable properties. The present provision finds its due relevance in all transfer of immovable property transactions of property worth Rs 50 lakh or more. The new provision calls for TDS to rollback at 1% […]

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

What are the rights over property of female in HUF?

Transfer of property of minors by natural guardian, widows, managers of Hindu joint family, karta of Hindu Undivided Family (HUF) is legally valid, if such transfer is for genuine requirements of the minor or family respectively and the purchaser is aware and satisfied of such requirement. In “Mitakshara” law the Karta of joint family can […]

Fear of losing property clouds residents of Mumbai

Owning a property in land-starved Mumbai is always on the off-chance. To make matters worse for the home buyers, authorities further announced demolition of certain buildings for violation of rules and norms the residents were not aware of. Trouble clouded most of the residents of Mumbai, as BMC issued the orders for demolition of certain […]

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