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1 day ago · Seek Injunction and Possession. Homebuyers can file a suit for injunction and possession, seeking the court’s intervention to direct the builder or developer to hand over possession of the property. This legal option can be effective in cases where the builder or developer is refusing to deliver possession. 5. File a Criminal Complaint.
5 days ago · The purpose of this document is to verify the current address of the builder. Property Documents. A proof of property document is mandatory to submit at the bank side. It certifies the property’s legal ownership and authenticity to avoid any fraudulent activities taking place. Sale Agreement or Allotment Letter from the Builder
5 days ago · In a significant move, the Maharashtra Real Estate Regulatory Authority (MahaRERA) has directed a builder to apply for an extension of the project, complete the construction, and hand over possession to homebuyers.
5 days ago · Buying land is one of the most complex real estate investment deals. It may sound like taking possession of land by exchanging money, but the actual picture differs significantly. For a sound purchase, it is essential to understand the land use, get all the documents checked, and have a clear title. 99acres shares the step-by-step process of ...
5 days ago · Write a letter /email to builder/ promoter requesting him to provide a draft of the SALE DEED/ CONVEYANCE DEED or providing the draft to him and requesting him to sign the same. If the Builder rejects or postpones the same, send him a legal notice through an advocate requesting for the same.
2 days ago · 1. Research the Developer’s Credibility. If you are planning to buy an under-construction property, it is crucial to thoroughly investigate the developer’s background before making any commitments. Look for trusted builders with a proven track record of timely project deliveries. Check online reviews, visit past projects, and consult with ...
3 days ago · Section 45(5A) Of Income Tax Act: Joint Development Agreement is a popular arrangement between the land-owners and builders. In this article, you will learn about the taxability of such a transaction which is slightly different from the usual capital gains transaction.
