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 […]
Like other resident Indians, NRIs too have become conscious of putting in their money where the bigger buck is!Hence, investment in commercial property is being preferred over-investment in residential properties by NRIs. Why? Well, the rise in rental income from commercial property and growth in demand for commercial property is the main reason behind the shift […]
Some things in this world are still going fine jointly! Take property ownership in India, for instance – especially when we live in a country where the property is still one of the most coveted ways to connect with your roots.For NRIs, purchasing a property in India is much more than an investment opportunity. It […]
It is a bitter fact that there is an occurrence of frauds while buying or selling the property. Misinformation or Ignorance or lack of information on procedures and documentation is the main cause. However, one can easily avoid these complications. Some of such common frauds are:Imperfect Title – For a buyer, it is significant to ensure […]
Transfer of property means transferring the ownership of the property. For transfer of the property, one has to establish his claim or has to prove his title. The same can be done through various documents like sale deed, gift deed, Will etc.Will or no WillWhenever a person dies, someone has to manage his property and […]
A Will is an important legal document which must be drafted with the help of an Advocate. Probate legalizes only a valid WillPeople approach us with many queries relating to the probate of a Will. Here we discuss some of those queries. What is a Will?A Will is a legal document. It contains the desire […]
Partition is a division of property among those who are entitled to the same. In case of property held jointly, if all the co-sharers decide mutually among themselves to divide the property and agree for specific share, there is partition by mutual consent. If there is a dispute, the parties file a suit for partition […]
Due diligence and title search play an important role in real estate/property transactions. People approach us and often have the following queries.What is due diligence and Title Search before property purchase?It means taking all precautions and ensuring that investment in a property is safe and secure.By exercising due diligence: The buyer identifies and evaluates all […]
A sale deed is one of the significant documents in property transactionsWhat is a sale deed?A sale deed is a legal document that describes the sale of a property between the parties (buyer and seller). It is proof of ownership. It transfers the rights in the property from the seller (transferor) to the buyer (transferee). […]