Mumbai Property News

The rules of capital gains investments after selling a property vary based on the location and the specific circumstances of the sale. However, there are some general principles that apply in most cases:Capital Gains Tax: Selling a property generally tr

The Reserve Bank of India (RBI) has issued a directive aimed at ensuring that banks and lending firms promptly release property documents to borrowers after they have repaid their loans in full. Here are some key points regarding these measures:1. **Types of Loans Co

With so many new buildings coming up in Mumbai, Co-operative housing societies will be formed.<span style="font-family: "M

In Mumbai, a Leave and License Agreement is a common legal document used for renting out properties. The agreement is a legally binding contract between the owner of a property (the licensor) and the person who is renting the property (the licensee). A Leave and License Agreement in Mumbai typ

In Mumbai, a No Objection Certificate (NOC) from the Co-operative Housing Society (CHS) is required when a member wants to sell their flat or transfer their ownership rights to someone else. This requirement is mandated by the Maharashtra Co-operative Societies Act, 1960 and the model by-laws of the

TDS on Rent Payments on Flats is to be deducted mandatory by the Tenants/Licensee under a leave and license agreement in Mumbai. TDS on Rent Payment is quiet a recent thing and there are a lot of defaults seen in this Section due to ignorance by both the Owners and the Tenants. </

Capital gains are the profits that you make when you sell a property for more than what you paid for i

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

Home Buyers to get Interest in case of Delayed Possession In a recent judgement pronounced by the NCDRC – The National Consumer Dispute Redressal Commission has allowed a Home Buyer Interest as compensation for the delayed period. Any judgemen

In a bid to create more transparency and have redressal to Home Buyers issues relating to possession mainly the MahaRERA has launched a Help Line which will be open up for calls from 7 AM to 11 PM at night. This is an interesting development for Home Buyers who ca

Due to the Covid situation a lot of people are not able to travel to execute relevant property documents and home buyers or sellers in a lot of cases have to rely on giving Power of Attorney to sign the Agreements for buying and selling properties or leasing commercial or residential properties i