Question asked by Mr. Siddharth from Mumbai, India:
Hi, I need your guidance.
I had booked a flat 2.5 years back from a reputed builder in Mumbai. Even though I have already paid all the amounts as agreed and mentioned in the registration document, the builder is not giving possession of the flat. He wants additional [...]
Archive for the ‘Indian Property’ Category
What should be done if the builder is demanding extra money for an apartment?
Posted in Builder, Compensation, Consumer court, India, Indian Property, Indian Real Estate, Jurisdiction, Mumbai, New Construction, Possession, Property Registration, Real Estate, Real estate legal india atOnePlace.com, Registration, Residential Property, Sale Deed, Sale of Properties, citizen of India, legal, tagged Builder, Consumer court, consumer forum, environmental clearance, flat, harassment, Indian Property, Indian Real Estate, Mumbai, property possession, Property Registration on October 27, 2009 | Leave a Comment »
What is the best way to register the part of the property in one’s name, if the property is jointly constructed?
Posted in Bangalore, Construction, India, Indian Property, Indian Real Estate, Karnataka, Khata, New Construction, Property Registration, Real Estate, Real estate legal india atOnePlace.com, Registration, Residential Property, Sale Deed, banglore, tagged Bangalore, Indian Property, Indian Real Estate, joint owner, khata transfer, Property Registration, Residential Property, Sale Deed, title on October 27, 2009 | Leave a Comment »
Question asked by Mr. Vivek from USA:
Hello Vatsala,
This is Vivek from USA. I had a question regarding property registration in Bangalore city. One of my relative has a property in Bangalore. We are jointly constructing the house.
a. what is the best way to register the part of the property in my name?
b. If a building [...]
Is it correct to stop Association’s services to defaulters, in case of apartments?
Posted in Builder, India, Indian Property, Indian Real Estate, Karnataka, Real Estate, Residential Property, atoneplace.com, tagged arbitration, BESCOM, Builder, BWSSB, bye-laws, Court, defaulters, Indian Property, Indian Real Estate, Karnataka Apartments Ownership Act, Karnataka Essential Services Maintenance Act, mediation, power failure, water treatment plant on October 27, 2009 | Leave a Comment »
Question asked by Narayan Aras from Karnataka, India:
BACKGROUND:
Our nearly 3 years old apartment is registered under Karnataka Apartments Ownership Act, 1972.
(available here: http://www.karnataka.gov.in/dpal/pdf_files%5CAPARTMENT%20OWNERSHIP%20ACT,%201972-new-9.pdf)
(hereinafter, called KAOA in short)
All our expenses are shared through (a) interest on the corpus collected by the builder, and (b) monthly contribution. (The interest on corpus pays for 40% of the total [...]
Can the bank change loan records for a property only after the divorce is complete?
Posted in Bank, Consumer court, India, Indian Property, Indian Real Estate, Loan, Property Registration, Real Estate, Real estate legal india atOnePlace.com, Registration, Residential Property, Sale Deed, Sale of Properties, citizen of India, legal, tagged Apartment, Bank, co-seller, Court, decree, housing loan, Indian Property, Indian Real Estate, joint owner, plot, Property Registration, Sale Deed on October 27, 2009 | Leave a Comment »
Question asked by Pratibha from India:
Hello, my husband and I are filing for divorce soon. We have an apartment and a plot in joint name which was registered under both our names. The housing loan has my husband as the primary borrower and me as the secondary borrower.
As a result of a mutual agreement the [...]
Can one repatriate money back to US if in case he has not registered the property in his name?
Posted in Bangalore, Builder, Buy Real Estate, Capital gains, India, Indian Property, Indian Real Estate, Karnataka, NRE account, NRI, Non Resident, Property Registration, Real Estate, Real estate legal india atOnePlace.com, Registration, Repatriate, Residential Property, Sale Deed, Sale of Properties, atoneplace.com, banglore, legal, tagged Bangalore, Builder, Capital gains, car parking, Indian Property, Indian Real Estate, NRE account, NRI, Property Registration, repatriation, Residential Property, sale price on October 27, 2009 | Leave a Comment »
Question asked by Karan Chandran from USA:
Hello, I am an NRI(Indian Citizen – US Green Card Holder) living in the United States. I am in the process of buying a flat with a builder in Bangalore. I have paid about 80% of the flat’s price so far. The price of the flat is around 58 [...]
What is the procedure for re-registering the sale agreement to make spouse as co-owner?
Posted in Bangalore, Bank, Buy Real Estate, Gift deed, India, Indian Property, Indian Real Estate, Karnataka, Parent deeds, Property Registration, Real Estate, Registration, Residential Property, Sale Deed, Sale of Properties, banglore, tagged Bank, co-owner, Gift deed, Indian Property, Indian Real Estate, Loan, Property Registration, Residential Property, sale agreement, Sale Deed, tax benefit, taxation on October 27, 2009 | Leave a Comment »
Question asked by Srijith Menon from Bangalore, India:
Hi, I have purchased a flat in 2006 Nov taking a loan from ICICI bank where my wife is a co-applicant. But the registration was done only on my name since my wife was traveling overseas that time. Now from your columns I understand that to avail the [...]
What are the latest Indian rules for repatriation and what is the procedure to follow?
Posted in Bank, Buy Real Estate, Capital gains, FCNR Account, Indian Property, Indian Real Estate, NRE account, NRI, NRO account, Non Resident, PIO card, Property Registration, Real Estate, Registration, Repatriate, Residential Property, Sale Deed, Service Tax, tagged Capital gains, FCNR, immovable property, Indian Property, Indian Real Estate, NRE account, NRO account, PIO, repatriation, Residential Property, Sale Deed, tax compliance, taxation on October 24, 2009 | Leave a Comment »
Question asked by Mr. Shiva Badruswamy
from New York, USA:
Hello there:
Thank you for being very informative about real estate Indian laws. I am about to inherit a property in India worth roughly $1 million. I am a US Citizen of Indian Origin. I want to sell the property and bring the cash over to the [...]
Will I become party to evasion of stamp duty?
Posted in Bank, Builder, Buy Real Estate, Capital gains, India, Indian Property, Indian Real Estate, Loan, Possession, Premium, Property Registration, Property Tax receipt, Real Estate, Residential Property, Sale Deed, Sale of Properties, Sales Tax, Service Tax, VAT, citizen of India, tagged Builder, car parking, income tax, Indian Property, Indian Real Estate, Loan, registry, Resale, Sale Deed, Service Tax, Stamp Duty, VAT, white money on October 24, 2009 | Leave a Comment »
Question asked by Anonymous:
Hi I have a question to ask. I bought a house from Builder in Hyderabad in August 2006. The agreement of sale was for 33 lakhs. The registry was done at a lower cost 18 lakhs in august 2006 itself. The flat was under construction that time. I also took [...]
What is the basis of loan interest calculation?
Posted in Bank, EMI, Index of land, India, Indian Property, Indian Real Estate, LIC Housing Finance, Loan, atoneplace.com, tagged bank loan, EMI, Indian Property, Indian Real Estate, LIC Housing Finance on October 8, 2009 | Leave a Comment »
Question asked by Mr. Sandeep Bhat:
Hi, I had earlier availed a loan from LIC Housing Finance and in addition to EMI’s I have also been regularly paying additional amounts for speedy closure of the loan.
My problem is that in their statements LIC still shows interest contributions on the EMI based expected Loan Outstanding without [...]
Can I gift the property to someone on which I have taken a loan?
Posted in Gift deed, Index of land, India, Indian Property, Indian Real Estate, Loan, Real Estate, Real estate legal india atOnePlace.com, atoneplace.com, citizen of India, tagged bank loan, Gift deed, Indian Property, Indian Real Estate, Residential Property on October 8, 2009 | Leave a Comment »
Question asked from India:
Hello,
I have purchased a flat though loan and the loan is not yet closed. Is it possible to gift the flat to my father through gift deed and still can i pay the loan amount. Please clarify.
Regards
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