What is a Gift Deed? A gift deed is a legal document that can be used to transfer immovable property in accordance with section 122 of the Transfer of Property Act, of 1882. A gift deed includes information about the property, the transferrer, and the recipient, similar to what a sale deed does. However, it permits…
A builder-buyer agreement is a document which specifies the modalities, conditions and clauses between a builder and a homebuyer. The builder-buyer agreement contains clauses referring to the property in question, delivery information, and terms relating to default and late project delivery, among other things. At one point, delayed real estate projects affected the Indian real…
Introduction:When a person misunderstood or misinterprets the facts of something, he is at a mistake.The mistake may be defined as when either one or both the parties to the contract give their consent, which is caused by misunderstanding, and if this fact is not presented they would not come into the contract; the contract is…
Introduction : Slum Rehabilitation Policy in India is an initiative started to revive of protect the slum area and its people in the country. The purpose of this policy is to protect these areas and develop them into productive areas for their people. All the projects under the policy are to be carried out by…
Introduction : The right to property is a fundamental human right. It is enshrined in the Universal Declaration of Human Rights and the International Covenant on Economic, Social and Cultural Rights. It is also protected by the Constitution of India. We have been given certain rights and with it comes duty. In order to protect…
A builder-buyer agreement is nothing but an ‘Agreement for Sale’. This document indemnifies that the said bought property is transferred on the buyer’s name and all the rights towards the same are transferred to new owner’s name subject to the mutually acceptable clauses mentioned in the agreement. It includes different annexures, approvals, flat layout, terms…
Introduction : Land Acquisition is defined as the acquisition of ownership of private lands for public purpose. In the context of India, the definition of land acquisition is different than many countries where the government acquires the land for development projects. In India, land acquisition is done by the state governments for various purposes i.e.,…
Introduction : In the past few years, home loans have become more accessible to Indians. Today, you no longer need a collateral to get a bank loan and the home loan interest rates are quite affordable as well. However, despite all these benefits, taking a home loan in India is still not easy. There are…
Introduction : NOC means “No Objection Certificate” it is a clear permission for transferring of property. NOCs play an important role in the real estate sector as they help in transferring properties from one owner to another. NOCs are often required by the seller or buyer who has already purchased a property and is looking…
Step By Step, Place Became Property, Property Became A Mortgage, And Mortgages Became Derivative Investments. INTRODUCTION What Is a Mortgage? A mortgage, as per section 58 of the Transfer of Property Act, is a sort of loan used to buy or keep up a house, land, or other pieces of real estate. The borrower agrees to…
