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

What is a gift deed? A gift deed is an agreement that is used, when a person wishes to gift his property or money to someone else. A moveable or immovable property can be gifted voluntarily using gift deed, from the donor to the donee. A gift deed allows the property owner to gift the property to anyone and avoids any future dispute arising out of succession or inheritance claims. A registered gift deed is also evidence in itself and unlike in the case of a will, the transfer of property is instant and you will not be required to go to the court of law for execution of gift deed and hence, deed of gift also saves time. Why Gift Deed? A gift deed allows a property owner to voluntarily give his/her property to anyone and avoids any future dispute arising out of succession or inheritance claims. Implications There are many good reasons that someone gift property to lovedones but, there could be financial implications on doing so, especially if you are planning to gift a property. Here are...

  1. What exactly is ancestral property? An ancestral property is an undivided property, in which four generations of a single family have their share. Once divided among the stakeholders, an ancestral property would cease to be an ancestral property, and turn into a self-acquired property. 2. How many generations can claim ancestral property? In case of a classified ancestral property that has remained undivided, four generations of the male lineage have their claim. Basically, the father, the grandfather, the great grandfather and the great-great grandfather have inheritance rights over an undivided ancestral property. This means, say, on Ram’s ancestral property, his son Shyam, Shyam’s son Ghanshyam and Ghanshyam’s son Radhe Shyam have inheritance rights. Also, whenever someone inherits a property from any of his paternal ancestors up to three generations above him, his legal heirs of up to three generations below him would get equal right, as coparceners in that property. (copa...

A call from the lender or the visit of a recovery agent is every borrower’s worst nightmare. Already reeling under financial stress, the individual has to face the humiliation heaped on him by the lender’s agents. However, even if a borrower defaults, he does not surrender his rights to the asset or to fair treatment. Lenders have to follow the due process while initiating proceedings to recover their dues. Here are your rights as a borrower. Privacy of borrower Lenders sometimes engage recovery agents to coerce borrowers to repay their loans. The borrower’s privacy is to be respected. These agents can contact the borrower at a place specified by him. If not specified, they can contact him either at his home or workplace. They can visit him between 7 am and 7 pm or at any time specified by him. A recovery agent cannot discuss the details of the case with any other person, unless the borrower has given permission to do so. Decorum and decent behaviour The agents cannot cross the line th...

Greetings Friends, here are some latest buying of high ticket residential aparments in Mumbai city posh locations: Celebrity Rajkummar Rao buys apartment in Mumbai's Juhu area for Rs 44 Crore. Rajkummar Rao has made a purchase of a new property in Mumbai's plush locality Juhu. The actor shelled out Rs 44 crore for the deal. Interestingly, the triplex flat earlier belonged to Rajkummar's Roohi co-star Janhvi Kapoor who made the purchase in 2020. This is one of the most expensive deals for a property purchase in recent times.  The flat purchased by Rajkummar is on the 14th, 15th and 16th floors of one of the buildings in Juhu-Vile Parle Development Scheme. It is spread over 3,456 sq ft as per documents accessed by SquareFeatIndia.com and offers the new owners 6 parking slots. The deal between Janhvi and Rajkummar and his wife Patralekhaa was finalised on March 31, 2022 but it was registered on July 21, 2022, as per the documents. Janhvi Kapoor makes a profit off her Juhu apar...