Possession Notice From the Bank to the Borrower If you have taken a loan against a property and used it as collateral but failed to repay it, you may receive a Possession Notice under the SARFAESI Act. This law applies to all types of secured loans, including business loans, overdrafts/cash credits, term loans, and other […]
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Imagine investing your lifetime savings, carefully accumulated through decades of dedicated work, into buying a dream home—only to discover later that it is entangled in hidden financial complications, risking everything you built. This scenario isn’t just a hypothetical cautionary tale; it’s an unfortunate reality for numerous unsuspecting buyers, as highlighted by a recent troubling case.
Legal Risks of Unregistered Mortgages Vs. Legitimate Buyer Read More »
Entering into a developer agreement is a crucial step for any housing society planning redevelopment or new construction. A well-structured agreement not only safeguards the society’s interests but also ensures smooth execution, transparency, and compliance with legal norms. Without a robust contract, societies may encounter delays, financial losses, and legal disputes, leading to prolonged uncertainty
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Imagine the unsettling scenario: After months of searching, you finally discover the perfect property. You meticulously scrutinize all the essential documents – the original title deeds, the local land revenue record (Patta in Tamil Nadu), and the all-important Encumbrance Certificate (EC), which clearly reveals any registered charges or encumbrances on the property. Feeling confident in
Safeguarding Your Home: Hidden Legal Issues in Property Purchases Read More »
Introduction: A Landmark Ruling for Homebuyers In a recent decision, the National Consumer Disputes Redressal Commission (NCDRC) ruled that homebuyers are entitled to seek Compensation for Delayed Delivery of Property greater than the token amount specified in their contracts if possession of their properties is delayed. The ruling reinforces consumer protection, providing relief for homebuyers
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The Real Estate (Regulation and Development) Act, 2016 (RERA), has reshaped the real estate industry in India, bringing transparency and protection for homebuyers. RERA was introduced to address the challenges faced by allottees, such as project delays, unfulfilled promises, and lack of accountability. This blog explores the Flat Owners rights under RERA and also the
Flat Owners Rights Under RERA – Rights and Legal Remedies Read More »
Introduction: Upholding Shared Responsibilities in Apartment Livings – The Karnataka High Court recently upheld a trial court order decreeing the recovery of outstanding maintenance dues by an Apartment Owners Association. In the case titled M/s Shangrila Flat Owners Association v. Capt. Mohan Prabhu, the High Court ruled that Non-Payment of Apartment Maintenance Due by the
Non-Payment of Apartment Maintenance Due by the Residents – Karnataka HC Read More »
Purchasing property in Chennai can be exciting and challenging. This comprehensive property buying guide Chennai will help you make informed decisions. 1. Understand Chennai’s Real Estate Market The real estate market in Chennai varies by location. Familiarize yourself with property trends. Coastal areas and IT corridors often have higher demand. Understanding these trends helps you
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When it comes to buying or selling property, finding the best legal advisors for real estate in Chennai is crucial. These experts ensure that your transactions are secure and compliant with legal standards. Let’s explore how you can identify the right professionals to assist with your property dealings. Why You Need Legal Advisors for Real
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With over a decade of experience in the law and litigation industry, Aran law firm, a leading law firm in entire south India, swift response to client issues, integrity, amicable solutions, and practicality.
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