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Category: Legal Documentation

NRIs: Income Tax Rules To Know When Selling Indian Property

NRIs: Income Tax Rules To Know When Selling Indian Property

Did you buy a property in India that you now want to sell at a profit? Before you move forward with the sale process, make sure to learn about the different income tax rules applicable to an NRI looking to sell a property in India.  This blog discusses everything you need to understand about capital gains tax and tax exemptions.  How Much TDS Must an NRI Seller Pay on The Sale of Property in India? TDS stands for Tax Deducted at…

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How Can NRIs Manage Indian Properties With Power of Attorney?

How Can NRIs Manage Indian Properties With Power of Attorney?

Have you ever wondered how NRIs are able to manage their properties in India without ever visiting the country?  In this blog post, we are going to help you learn everything you need to know about power of attorney, along with its incredible usefulness.  What is A Power of Attorney? For those who may not be aware, power of attorney or POA is an official document that gives a person listed as the principal or donor the right to choose…

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Pradhan Mantri Awas Yojana – Documents Check List

Pradhan Mantri Awas Yojana – Documents Check List

Pradhan Mantri Awas Yojana (PMAY) is a housing scheme that was initiated in 2015 with the promise of providing shelter to nearly 20 million Indians belonging to low-income and mid-income groups.  Those who are eligible for this scheme can acquire a 6.5% subsidy on home loans according to the Credit Linked Subsidy Scheme (CLSS).  Indian citizens can apply for this scheme by visiting the nearest Common Service Center managed by the state government and filling out the application form. They…

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A Simple Guide To Lease Agreements

A Simple Guide To Lease Agreements

Anyone who has ever rented or given a place for rent knows that a lease agreement is one of the most important documents of a transaction between a tenant and a landlord. It contains the terms and conditions the tenant and landlord have agreed to in writing.  Most importantly, a lease agreement allows the tenant to live in a rental property for a predetermined amount of time. Quite often, the lease is for six to twelve months until it is…

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How To Transfer Property in Noida?

How To Transfer Property in Noida?

Do you want to transfer ownership of a property located in Noida? It is important to be aware of all the details before starting the transfer process so that you are in complete control. Plus, knowing everything about how to transfer property in Noida will help you steer clear of any mistakes during the procedure.  In this blog, we are going to discuss how you can transfer property in NOIDA.  Here are the requirements if a plot or premises is…

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Recent Amendments In Haryana RERA Rules

Recent Amendments In Haryana RERA Rules

The last two decades have seen a property boom in India, particularly in metropolitan regions. Everyone values having a home and a personal space. There has been much discussion about huge real estate companies failing to execute projects for years, while home buyers have paid more than 80% and are still waiting for possession.  As a result of this revelation, hundreds of people’s dreams of purchasing a home were destroyed. Unkept commitments on projects from some builders also disheartened the…

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WHY IS OC CERTIFICATION IMPORTANT?

WHY IS OC CERTIFICATION IMPORTANT?

If you are planning to purchase a property, you might have come across the term Occupancy Certificate. For real estate builders in Noida and other regions,  an occupancy certificate, also known as ‘OC’, is one of the most essential documents. As a homeowner, you also need to possess an Occupancy Certificate. But why is an OC so important and what would happen if you do not acquire an occupancy certificate after buying a property? Let’s dive into it and find…

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A Guide to Property Tax in Noida

A Guide to Property Tax in Noida

Buying immovable assets like land and houses comes with several requirements. As a buyer, property taxes must be paid depending on the city where your property is situated. If Noida is the location of your real estate asset, it would be beneficial for you to have know-how on property tax in Noida. Why is Property Tax Important? It is a source of revenue for the government and local bodies and is invested in civil maintenance and betterment. Statista shows that…

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How To Retrieve Lost Property Papers

How To Retrieve Lost Property Papers

After a long search for the best residential apartments in Noida, you settle for one of the finest apartments. You then contact the best real estate builders in Noida to get your paperwork completed for the ownership. But, somehow you are not able to locate the property papers at the place you last kept it safe. What can you do to get your papers back? First, don’t panic. We are giving you a step-by-step process to get your property papers….

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All You Need To Know About Gift Deed

All You Need To Know About Gift Deed

A Gift Deed involves the act of endowment of the ownership from one’s property to another. While gifting property to a loved one, first it is important to fulfill some necessary monetary implications. WHAT IS A GIFT DEED? This is a document that can be used to voluntarily gift an individual moveable or immoveable property. A gift deed can be executed immediately, unlike a Will.  It also proves that the transfer was made without the exchange of any money between…

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