Mumbai Property News

The Reserve Bank of India (RBI) has introduced new guidelines aimed at ensuring that banks and lending institutions promptly return property documents to borrowers after they have fully repaid their loans. This directive is significant for homebuyers and borrowers, as it establishes clear timelin

As Mumbai continues to see a surge in new residential developments, the formation of co-operative housing societies is becoming increasingly relevant for homebuyers. These societies provide a structured way for residents to manage their living environment collectively, ensuring that their interes

In Mumbai, the Leave and License Agreement serves as a fundamental legal document for property rentals. This agreement establishes a binding contract between the property owner, known as the licensor, and the individual renting the property, referred to as the licensee. Understanding the key comp

In Mumbai, selling a flat or transferring ownership rights involves a crucial step: obtaining a No Objection Certificate (NOC) from the Co-operative Housing Society (CHS). This requirement, established by the Maharashtra Co-operative Societies Act, 1960, is essential for ensuring that the transac

The recent mandate regarding Tax Deducted at Source (TDS) on rent payments in Mumbai has significant implications for both tenants and property owners. Under the leave and license agreement, tenants are required to deduct TDS from their rental payments, a requirement that has led to confusion and

When selling a property in Mumbai, understanding capital gains is crucial for determining your tax liabilities. Capital gains refer to the profits made from selling a property for more than its purchase price. In India, these gains are taxed under the Income Tax Act, 1961, and the applicable tax

The MahaRERA portal is a vital online platform that plays a crucial role in the real estate sector in the Indian state of Maharashtra. It is a comprehensive online platform that enables real estate developers, promoters, and agents to register their projects and obtain necessary approvals from

A recent judgement by the National Consumer Dispute Redressal Commission (NCDRC) has established that home buyers are entitled to receive interest as compensation for delays in possession of their properties. This ruling is significant in a real estate market often characterized by disorganizatio

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has introduced a dedicated helpline to enhance transparency and provide a platform for home buyers to address their concerns, particularly regarding possession issues. The helpline, accessible at 18002103770, operates from 7 AM to 11 PM,

The ongoing Covid situation has made it challenging for many individuals to travel for executing property documents. As a result, home buyers and sellers in Mumbai and across India are increasingly relying on Power of Attorney (POA) to facilitate the buying, selling, or leasing of properties. Und