Consultation India - Pune, Mumbai Real Estate/ Properties Investment, Property Management Services

An occupancy certificate is an important document you need to obtain, while buying any new property. We explain what it is and why you need it An occupancy certificate (OC), issued by the local authorities, certifies that a building is fit for occupation and has been constructed as per the approved plan and in compliance with local laws. What is the importance of an occupancy certificate? An occupancy certificate is a document that is issued by a local government agency or planning authority, upon the completion of construction of a new project. The certificate is proof that the project has been built, by adhering to the applicable building codes, relevant regulations and laws. It is the responsibility of the developer to obtain an occupancy certificate, once the project has been completed. The certificate is an indication that the building is suitable for occupancy. An OC is required, when applying for water, sanitation and electricity connections. For home owners, an OC is...

Dear Readers, Greetings to you, Nowadays, we are all sitting at home because of lock down due to corona virus therefor thought to write this article to utilize plenty of free time to check and make the order of property documents, owned by you for long time however could't able to update the latest legal documents requirements or addition of new documents time to time. Reason: it will be very beneficial to keep all of your property documents upto date as per the law for various reasons like if you decide to sell it or transfer it to your family members or relatives or anyone else or any unexpected unfortunate events where your family/relatives will require to know about it because when you wish to do any property transaction as mentioned earlier by visiting registration authority then these list of documents are necessarily required.  Also It's very worthwhile for new buyers looking to purchase in near future. Thus hereby, just sharing the summery of prope...

Checking land records online is very easy today. With one click button, you will come to know information about the land owner. It is important to check the land record before purchasing the property because real estate is a non-transparent sector where a lot of black money is involved. Not only that, maximum frauds take place in real estate deals. Recently the government of India has modified real estate bill which will protect the buyer against any frauds. However if you are buying and land or property it is recommended that you should check land or property record on your own. Today I will share information about how to check land records online in India. How to check Property/ Land Records online in India? Under National Land Record Modernization Program (NLRMP) to computerize Record of Rights (RoR) launched by the government of India many states started providing RoR online. First thing is to find out online portal applicable for your state for checking land and property re...

What happens if your property documents are lost or misplaced? How you will prove ownership on the property? Well, recently I got a case of lost property document. My friend wanted to purchase a property. He selected one property at prime location and reasonably priced. He was about to buy the property. However, before finalizing the deal he asked for the original paper from the owner. The owner was unable to produce all property documents. The owner expressed that the old sale deed is misplaced by his banker due to negligence. Now my friend is in confusion about what to do next? He has taken advice from the advocate and decided to proceed further. Misplacement or loss of property documents such as sales deed, property registration documents, and the title deed is a serious matter. You should not take it lightly. If any of your property documents are missing or lost you may face problems at the time of selling a property. Here is complete information about what you should do to...

Amid growing concerns over the coronavirus pandemic, Finance Minister Nirmala Sitharaman on Tuesday announced a slew of financial relief measures to help deal with the pandemic-induced economic crisis in the country.  In a press conference, Sitharaman touched upon the taxpayers' concerns surrounding Income tax returns, compliance, and the deadline related to GST, IBT related matters, bank related compliances etc. This comes after the Finance Minister revealed that the Narendra Modi-led government is working on a financial relief package to help people in the light of the COVID-19 pandemic. In her tweet addressed to her 2.8 million followers on Twitter, FM added that she will be addressing the media on “statutory and regulatory compliance matters” on March 24. Income tax related:  FY 2018-19 the last date for IT returns will be now extended to June 30, 2020.  For delayed payments, interest rate reduced from 12 to 9 percent.  No extension but on delayed ...

Source: Livemint --New index assesses the extent of digitization of land records in various states and UTs --Modernization of land records in digital format will smoothen transactions and reduce land and property disputes Nearly three-fourths of Indian households’ wealth is invested in the real estate sector, yet accessing information related to land records is difficult as only a few states maintain digitized records. When you are buying a property—be it a house from the primary (from the developer) or secondary markets (properties on resale) or a plot of land—it is always advisable to cross-check and verify the documentation. However, in most states and Union territories (UTs), it is difficult to do so, in the absence of proper digitized records, especially related to disputes. A new land record index, NCAER Land Record and Services Index (N-LRSI), will help you figure out how efficient the state in which you are buying a property is in terms of maintaining digital records....

Source: ET India’s largest quick-service chain Jubilant FoodWorks is scouting for space to start its  cloud kitchen  business for not only Domino’s Pizza but also for Chinese cuisine, two officials close to the developments said. So far a domain of online aggregators such as Zomato, Swiggy and smaller caterers and restaurants,  the cloud kitchen business is set to heat up in the coming months  with big retailers and restaurants operators planning to enter the segment. India’s largest quick-service chain Jubilant FoodWorks, which operates Domino’s Pizza and Dunkin Donuts in India, is scouting for space to start its cloud kitchen business for not only Domino’s Pizza but also for Chinese cuisine, two officials close to the developments said. “They are experimenting with multiple ways to grow and cloud kitchen is one such potential growth engine,” one of the officials said. An email sent to JFL’s spokesperson remained unanswered till press time. Kishore Biyani...