Transfer of immovable property results in the conveyance of property rights, i.e. title, rights, interest in the property by one person to another. The property can be transferred by the person having rights to do so. Generally, it is the owner of the property or the person authorized to do so. Any document showing the ownership of the […]
What can be better for an NRI than having a hand in the growth and prosperity of his motherland? Perhaps nothing is better than it. It motivates NRIs to invest in India.NRIs buy property in India as It helps them to stay connected to their roots It is an investment opportunity Investment decisions are generally guided […]
HUF or Hindu Undivided Family, consists of several members related to each other through a common ancestor. Coparceners are a small unit of four generations of lineal descendants of a common ancestor within this family. The property held jointly by the members of the family is called HUF property, and only the coparceners can seek […]
In our traditional patriarchal society, women have always had fewer rights. Women have been subjected to discrimination, especially in property matters. Inheritance rights of women to the property of her parents or husband has never been taken seriously. Property has always remained the domain of the men. Somehow, women also never bothered to raise their […]
Banks in India provide various facilities for NRIs to manage their income, investment and transactions in India and the convenience of opening a bank account easily.Among various accounts, the NRO account or Non-Resident Ordinary Account is one such account which helps NRIs to manage their earnings in India. Earnings can be in the form of: […]
Perception is – Where there is property, there is a fraud! Possibly because, there is a lack of transparency in the processes, and the documentation is not simple. Also, in most cases, there is a casual approach to property management issues.Here’s a glimpse of what the transfer of property entails, the potential frauds therein, and […]
There has been such a massive change in the social milieu in our country that now issues arise regarding a mother’s property too – reflective of the fact that women have shares in the family property now.In further lines of succession of property owned by a woman, a son can claim a share in his […]
For a long time, the concept of succession or inheritance of property has been synonymous with how and what the son will get. Right of a son in the property of his father has always been a matter of concern and discussion. In a society which primarily rests on the patriarchal style of relationships, it is […]
Can parents take back the property gifted to their children?Let’s skip the mystery and come straight to the point! The answer is – YES Parents can indeed take back the property they have gifted to their children. Remember: All Gift transactions come under the purview of the Transfer of Property Act. Under this law, a valid gift once […]