The World’s Most Expensive
June 27, 2012 3 Comments
HOME = ANTILLA = $2 billion
YACHT= ECLIPSE -$590 million
NRI Preferences in Real Estate
June 27, 2012 Leave a comment
An estimated 30 million non-resident Indians (NRIs) spreadover 140 countries have an estimated combined wealth of USD 1.2 trillion. Expatriates constituted the highest remitters of foreign exchange consecutively for the years 2010 and 2011. Over 6-8 lakh resident Indians leave the country in search of greener pastures and an estimated one lakh NRIs return home every year.
Among the various investment options contemplated back home, real estate plays a key role as the rate of appreciation and periodical returns on investment are more in India . Moreover, a number of NRIs, particularly in West Asia, who cannot continue to stay there due to domicile restrictions will have to return home one day or the other. This is one major reason why they always look at various investment options including real estate back home for permanent settlement.
There are three kinds of investors in real estate – low, middle and high income groups. Within…
View original post 467 more words
Supreme Court’s Model Tenancy Agreement
June 27, 2012 Leave a comment
Here is the link to a copy of the original judgement in Mohammad Ahmad & Anr. vs Atma Ram Chauhan & Ors. on 13 May, 2011
http://taxguru.in/corporate-law/mohammad-ahmad-anr-atma-ram-chauhan-ors-supreme-court.html
Finding a good tenant is as important as finding a good house. In case you plan to let your property out on rent, it is essential to draft a proper tenancy agreement. A well-drafted tenancy agreement leaves little chance of dispute between the parties. Care needs to be taken by both the parties while drafting the tenancy agreement. A lease agreement should cover the rights and obligations of both the lessor and lessee.
The lessor can either be the owner of the property or may have a power of attorney (POA) to lease out the property from the owner. The lease agreement may be signed by the owner of the house or his duly authorised POA holder. There are some basics that need to be included in a lease agreement.
These include:
– Names and addresses of lessor and lessee
– Details of the property leased out
– Effective…
View original post 512 more words
Main documents required to sell a property
June 27, 2012 Leave a comment
If you are planning to sell a property, the documents are very important. They will probably be first scrutinised by the prospective buyer before even looking at the property. The buyer will insist on checking the original documents before finalising the deal.
These are the documents you need to have in order:
Letter of allotment
The letter that confers allotment of the property to you from the relevant society or authority is a primary document you need to have in order.
Sale deed
The original conveyance or sale deed from the previous owners of the property is needed. If you have lodged the original deed for registration with the registrar, you need to provide a copy of the conveyance deed or sale deed along with a photocopy of the receipt from the subregistrar where the documents have been lodged for registration.
This traces the ownership of the property. Missing documents…
View original post 417 more words
Purchase Of Land – Legal Check-Lists
June 27, 2012 1 Comment
Owning a house is an important thing in one’s life. However, one needs to be careful while buying a property to avoid falling into legal hassles. Before buying a land, a number of checks need to be done to confirm that the land has a clear and marketable title. The legal status of the land is one of the first issues that should be addressed before confirming a property.
Title deeds
The first step is to see the title deed of the land, which you are going to buy.
* Confirm whether the land is in the name of the seller and that the full right to sell the land lies with only him and no other person.
* It is better to get the original deed examined by a lawyer. This is to check details like whether the seller has permitted any entry/access to others through this land and…
View original post 1,090 more words
wealthymatters 
