By Abhay Shah, Realty Quarter The donor cannot revoke a gift of a property that is valid and accepted by a donee, other than in specific circumstances. We look at the feasible instances of a revocation. With many children choosing to leave India for work and the gradual disappearance of the common family system, it […]
Is it possible for parents to take back gifted property from their children?more
By Abhay Shah, Realty Quarter The Maharashtra Government lately increased the stamp duty by 1% including for the sale, donation and transfer, and further increases in stamp duty and registration charges are possible. However, a conflict which afflicts property owners and buyers is somewhat nearer to home – transfer fees for the sales and transfer of shares and rights to apartments in a building by a cooperative housing society. At the time of sale of the […]
What is the maximum amount chargeable by a housing society for transfer charges, as per the law?more
By Abhay Shah, Realty Quarter On 16 July 2019, the High Court of Bombay annulled the CRZ Clearance granted to the city civic body’s ambitious Rs 14000 cr Coastal Road project. The Court ruling states that a 29.2 km long project proposed to connect the Marine Drive area in the South of Mumbai to suburban Borivali in north Mumbai […]
Bombay HC quashes CRZ clearance for Mumbai Coastal Road Project.more
By Abhay Shah, Realty Quarter Under the new defunct Urban Land (Ceilings and Regulation) Act (ULCRA), builders will no longer have to surrender surplus land for public housing. On Tuesday, the Supreme Court approved the consent terms which was signed between the state government and the builder’s body, Maharashtra Chamber of Housing Industry. The agreement says that builders can now […]
Government of Maharashtra says that builders do not need to give excess land – SC Approves.more
By Abhay Shah, Realty Quarter On June 24, the BMC told Bombay high court, that the South Coastal Road (SCR) project had all required approvals. The notification of 2006 of the Environmental Impact Assessment did not apply for the project and, accordingly, no environmental clearance was needed, said Senior Advocate Darius Khambata, counsel for BMC. […]
BMC reports Bombay high court for having all the approvals for SCR project.more
By Abhay Harish Shah, Realty Quarter Two house buyers, who have been denied by the Maharashtra Real Estate Regulatory Authority for their complaint regarding violations of the development agreement of the Vile Parle project in Bombay, have now moved an arbitration petition to the High Court and sought damages from the developer of Rs. 1.62 […]
Homebuyer’s files petition against Harshmaan Construction at Bombay High Court.more
By Abhay Harish Shah, Realty Quarter Bombay High court is going to decide about Mumbai’s most historical building future. Will Mumbai lose its historical Esplanade Mansion? India’s oldest cast-iron building on the list of 100 world monuments at risk? The fate in Bombay’s high court can now rest on the 156-year-old historic building. A report […]
Bombay High Court will come to a conclusion for Esplanade Heritage Mansion.more By Abhay Harish Shah , Realty Quarter Occupancy Certificate is a significant report which shows that the structure was built in accordance with acceptable plans and local legislation. After ensuring that all local regulations are complied with, the local municipal company issues this paper. The builder shall receive the certificate of occupancy. Many financial institutions […]
Bombay High Court Declares Builder cannot delay transfer of society after OC is given.more By Abhay Harish Shah , Realty Quarter The Bombay HC has struck down the forces of the BMC official to outline rules for setting down rules for deciding the capital estimation of a property, saying that such principles are ultra vires to the Maharashtra Municipal Corporation Act. The Bombay high court seat of Justices Abhay […]
Rules for calculating capital value – Bombay High Court.more