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

Many companies see India as an alternate manufacturing hub and have taken up their proposals across various levels of the government, including central government departments, Indian missions abroad and state industry departments KEY HIGHLIGHTS 1,000 foreign firms are planning to shift manufacturing to India; in talks with authorities 300 actively pursuing production plans in mobiles, electronics, medical devices, textiles Proposals are at various levels -- central government departments, Indian missions abroad, state industry departments Government is making all-out attempt to hard-sell India as a manufacturing hub Cost difference between India and South East Asia is 10-12 per cent Amid chances of China possibly losing its tag of preferred manufacturing hub following coronavirus, around 1,000 foreign companies are engaged in discussions at various levels with the Indian authorities. At least 300 of these companies are actively pursuing production plans in sectors such ...

What is Moratorium means? Moratorium simply refers to a legal authorisation to existing borrowers to defer or postpone their loan repayments for a pre-determined period. It is not a loan waiver. You will have to repay the outstanding loan amount after the end of the moratorium period. You will also have to pay an additional interest, as mentioned above, for the period of the moratorium for deferring the EMIs. To pay this additional interest, you may get an option to either increase your loan tenure without increasing your EMI amount or increase your EMI amount without increasing your loan tenure or make a one-time payment of the interest in June month. While some banks and non-banking finance companies (NBFCs) are asking their borrowers if they want to avail the loan repayment 3-month moratorium, others are automatically 'opting-in' their borrowers for taking the loan moratorium.. Here's how to find out whether you bank will automatically opt you in for the mor...

Govt eases norms for PPF and Sukanya Samriddhi account holders due to coronavirus lockdown The government has also eased account extension rules for PPF accounts that matured on March 31, 2020 In view of the lockdown due to the coronavirus outbreak, the government has eased deposit rules for some small savings schemes including Public Provident Fund (PPF) and Sukanya Samriddhi scheme. This is applicable for deposits that could not be made for FY 2019-20 due to lockdown. The subscribers of PPF, Sukanya Samriddhi accounts can however continue to make deposit for FY 2020-21 in the usual manner. The government has also eased account extension rules for PPF accounts that matured on March 31, 2020. Here are 10 things to know about new PPF, Sukanya Samriddhis rules: 1) To keep these accounts active, the subscribers are required to make some specified deposit in a year. Otherwise penalty is charged. According to the new guidelines, PPF, Sukanya Samriddhi and Post Office Recurr...

An Encumbrance Certificate is an important document that secures your legal title on the property. People are not aware of the Encumbrance certificate (EC). If you are one of them, let’s go through article explaining about – What is Encumbrance Certificate? & How to get Encumbrance Certificate Copy? When you are buying a house, flat or land, it is important to verify that property is free from any monetary and legal dues. EC helps you to identify that. What is Encumbrance Certificate of Property? The encumbrance certificate is a document that proves that the title of a property is clear and marketable. It also shows if there are any dues on a property with respect to mortgage and legal. It contains a list of transactions taken place on the property for the said period. Encumbrance is charge, liability, lien created on the property. It is created at the time of putting the property as security against a loan or not clearing debt or dues on time. Most of the bank verify ...

The RERA has mandated that all developers obtain title insurance for their projects. We examine how this will impact under-construction and completed projects and the benefits that title insurance offers, to home owners List of Contents: What is title insurance? Why title insurance is gaining importance Title insurance for completed buildings Title insurance products in India The Latin phrase ‘caveat emptor’, which literally means ‘buyer beware’, is applicable in all the deals of purchases made by you, from small value items to big-ticket items like a house. When you buy a house, you invest your lifetime savings, in the form of past savings, as well as future savings (if you are taking a home loan). Hence, it is very important for the buyer to be extra vigilant. In case any defect is found in the rights of the seller in the property acquired by you, you may have to face the legal consequences of such defect, including reduced marketability of your house and expenses incu...

The Registration process and requirements are governed by Maharashtra State Co-operative Society Act 1960. To Register Co-op. Housing Society, Minimum 10 member are required. Less than 10 members Societies are also Registered as per M.S.Govt. Ordinance No. 1094 and 277/14 Dated 10/03/1995. But such member’s flats should be less than 700 Sq.ft. Carpet Area As per M.S. Govt. Notification dated 24/07/1992 conditions for registrations are liberalized. 60 % of the Promoters are must be ready to form Co-op. Housing Society. If flats are sold as per the Maharashtra Ownership Flats Act,1963 [MOFA] then it is the duty of the Builder / Developer to form society and hand over the Account + Documents to Provisional Working Committee [PWC] In this case the builder become CP and other flat owners become Promoters for Registration purpose. This society registers under Co-operation. When the builder is not registering society due to some reasons or not support to registered society then...

Dear Readers, Just thought to write this very important, most demanding information in real estate which relates to renting property. while renting both owner & tenant, come across the rent document to sign which has two phrases called Lease agreement /  Deed Or  Leave & Licence agreement and you will be surely curious to know what is the difference & usage of both? Although, i am not a lawyer and this matter should be consulted with professional lawyer to address it specifically in real time at the time of renting any property, still here i will try to share best available information which will be a mix of both my many years of real estate consultancy experience in such rental transactions and others online available legal opinion on this matter. would really encourage the readers to write comments for any missing/latest information related to this topic to make this article more purposeful and beneficial. Why required Lease Deed or Leave & Licens...

The handover from builder to co-operative is a critical process that requires due diligence from both sides. It can take anywhere from three to five months for the handover legalities to come to fruition, involving financial, operational and technical aspects. We bring you a complete guide that helps you understand the entire endeavor from start to finish. Initial Stage of the Handove r Typically, the average time for the construction of a residential complex and sale of houses/flats is three years. It is advisable that during the final stages of construction, the buyers should get actively involved in the legal process to ensure things are on track. At the same time, registration of your co-operative is imperative to ensure a hassle-free handover. What are the property certificates and documents to be obtained from the builder? You may be familiar with some of the below-listed certificates as the builders sometimes use them in their marketing and advertising...

Occupying a house without a completion certificate or occupation certificate is classified as an illegal activity as that house is considered as unauthorized structure by the authorities. For this reason only, when the RERA Act, 2016 was introduced and was not fully introduced till 1st May, 2017, the builders were in rush to get their Occupancy certificates so that the ongoing real estate projects do not come under the ambit of the RERA Act,2016 provisions. The whole intent of the RERA Act, 2016 for its applicability is to protect the consumers through the construction period of the project. Therefore, once a project has the occupancy certificate the risk to the homebuyer decreases consequently. Now, let us understand the difference between the two terms: Completion Certificate and Occupancy Certificate. As per Section 2 (q) of the RERA Act, 2016, "completion certificate" means the completion certificate, or such other certificate, by whatever name called, issued by...