Real Estate

In India, there are two major types of property ownerships i.e. freehold and leasehold properties. The major difference between freehold and leasehold property in India is the ownership tenure. In case of a freehold property, the land ownership stays with the owner for an indefinite period of time. Whereas, in a leasehold property, the ownership of the land stays with the owner for the period mentioned...

When you sell a property, be it a home or land, you have to pay capital gains tax on the same. Capital gains tax is of two types- Short-Term Capital Gains (STCG) for a property held for less than 36 months and Long-Term Capital Gains (LTCG) for above 36 months.In the case of STCG, the profits generated in the process of selling land is included in the taxable income of the owner and he/she has to pay...

Investigation of title is very essential since the ownership of the property is required to be complete, fair & free from any doubts, risks & interest. The purchaser must take all necessary steps at the time of acquiring property to obtain a good & clear title of the land. When search is conducted unto the property of the person who owns it, it is called the Investigation of Title. It is also...

A will is a legal declaration a person makes about the way they want their property managed or distributed after their death. Although a will is a legal document, there isn’t any prescribed form it must take. For instance, you don’t need to write a will on stamp paper and it can be either typed or handwritten. However, a handwritten will is preferred as it is more difficult to refute. According to the...

A Power of Attorney (POA) is a useful instrument for Non-Resident Indians (NRIs) who own a property in India.

Key things NRIs should keep in mind while buying property in India At one point in time, buying real estate property in India used to be a complex job. With specific legal reform over the years, it is now a seamless process. According to foreign exchange management act (FEMA) – a non-resident Indian is a resident outside of India for more than 182 days. RBI governs transactions like buying real...

Stamp Duty and Registration Charges in Pune form an integral part of the property transactions across the city. Real Estate being a state subject, so the stamp duty charges in Pune are decided by the Maharashtra state government. Stamp duty payment ensures that the property transaction is duly registered in the government records. Stamp duty charges are generally categorized as additional charges and do...

Any development of layout exceeding an area of 4000 sqm will require a reservation of 20% of the built-up area for EWS (economic weaker section) and LIG (low income group) households. Incentive FSI of 20% will be provided to the developer and tenements will be handed over to MHADA at the ready reckoner rate. There is an amendment by Urban Development Department that the builder now need not have to...

Phoenix Mall of the Millennium @Wakad, Pune  Wakad is located in Pune West Zone. The location has become a real estate hotspot in the last one decade and is bracing for some big projects. The new projects include the Hinjewadi-Shivajinagar Metro Line 3, World Trade Center (WTC), EON IT Park, and Phoenix Mall. The work on the Phoenix Mall is in full swing. Phoenix Mall of the Millennium, Wakad...

In this article, we bring you the list of 5 affordable localities in Pune that offer low-cost residential options to homebuyers. With developing infrastructure and connectivity prospects, these localities are bound to garner huge realty traction in the next 3-5 years. Affordable Housing Real estate being a price-sensitive business, demand for affordable housing is always high. Pune, in...