For Non-Resident Indians, navigating the landscape of property partition in India can be daunting. With intricate laws, familial dynamics, and cultural nuances, the process often becomes a labyrinth of legal and emotional challenges. This article aims to shed light on the common pitfalls that NRIs face when dealing with property partition in India, mainly focusing […]
IntroductionNon-resident Indians (NRIs) frequently invest in real estate in their home country for diverse purposes, such as future retirement, generating rental income, or capital appreciation. However, when it comes time to sell these properties, they can encounter intricate tax implications governed by Indian tax laws.Understanding the nuances of Indian tax laws on property sales is […]
Property Mortgages are contractual agreements that allow individuals to obtain financial resources from a lender by using real property as security. As specified in the Transfer of Property Act of 1882, these agreements exist in many formats, each outlining distinct rights and responsibilities for the parties concerned. These categories include several types of property mortgages, […]
Certificate attestation is a crucial process for Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs), and Overseas Citizens of India (OCIs) who wish to use their educational or personal documents abroad. This article offers detailed insight into the certificate attestation procedure in India, outlining the steps involved for a smoother experience.Understanding who are NRI, OCI, […]
Summary NRIs with ancestral properties in India face property disputes. Mediation and arbitration are cheaper and more efficient alternatives to legal action. India has centres for mediation and arbitration, and judicial reforms aim to strengthen these mechanisms. As an NRI, one must explore the possibilities of mediation and arbitration. Overview of NRI Property Disputes in […]
Landlord-tenant relationships are fundamental to housing and rental markets across India. However, disputes and conflicts often arise between landlords trying to protect their property and assets and tenants fighting to assert their occupancy rights and demand habitable living conditions. Key factors like skyrocketing urban housing costs, limited rent control, gaps and ambiguity in tenancy laws, […]
Introduction:Demat accounts play a crucial role in the Indian financial landscape, serving as a repository for securities in electronic format. Whether you are a resident Indian or a Non-Resident Indian (NRI), having a demat account is essential for trading and investing in the stock market. However, there are distinct differences between a regular demat account […]
IntroductionThe Property Transfer Act, often a subject of great interest for both domestic and non–resident Indians (NRIs), significantly regulates property transactions in India. This legislation governs the transfer of property from one entity to another. Understanding the rights and obligations of NRIs regarding property transactions in India is crucial. Furthermore, the Property Transfer Act plays […]
Summary NRIs face hardship in resolving property disputes in India while sitting abroad. Most of the NRI property disputes revolve around inheritance, distribution or demarcation of ancestral properties amongst family members. NRIs can enter into a Family Settlement Agreement (FSA) instead of contesting long-drawn litigation battles in the Court. All members must voluntarily enter the […]