Real Estate Forum on Legal in Pune

Latest Answer: A sale deed acts as the main legal document for evidencing sale and transfer of ownership of property in favour of the buyer, from the seller. Further, it also acts as the main document for further sale by the buyer as it establishes his proof of ownership of the property. VAT is a multi-stage tax which is levied at each step of production of goods and services which involves sale or purchase. The sale deed is executed subsequent to the execution of the sale agreement and after compliance of various terms and conditions detailed in the sale agreement as agreed upon between the buyer and the seller.

Latest Answer: It is illegal you should replace them

Latest Answer: Hi Rahul, It is very important to share the expenses incurred by the societies on monthly basis. At least, other members should know that whether they are paying their maintenance charges for their flat is going to the right person or not. And being a member of a society, it is their rights to ask you for the money they have paid? So, paying all the maintenance charges, stick a notice on the board and explain the overall expenses.

Latest Answer: Here is an article based on your question. To get more details on it, click this link https://housing.com/news/gst-applicable-flats-booked-introduction-gst/

Latest Answer: Hello Raju, Certificate of Occupancy or completion certificate is a document which is issued at the end of the construction by a local government agency or planning authority. The document is a proof of the building's compliance with applicable building codes and other laws. A flat owner can occupy an apartment only once the OC is issued, as per law. The OC also plays a significant role while applying for home loan or loan to purchase a resale flat.

Latest Answer: If you are selling your flat and the buyer who wants to take a home loan. Agreement and registration have been done for the property and all govt. taxes also have been paid. Since the property needs to be mortgaged to the bank by the new buyer, in this case, the buyer needs a NOC from the society to mortgage the property. Better, you take the advice of a legal expert in this matter.

Latest Answer: Hello Mahendra, In Maharashtra, only an agriculturist can purchase agriculture land. If you willing to purchase agricultural land, you will need prior permission of collector of that area. Transfer to non-agriculturist prohibited under section-63. No sale, gift, exchange or lease of any land shall be valid in favor of a person who is not an agriculturist.

Latest Answer: Hi Amol, If it is an under-construction project, documents to check before buying an under construction property are 1) Land record, 2) Land use type, 3) Construction clearances, 4) Building or Lay Out Plan Approvals, 5) Master Plan of the area, 6) No Objection Certificates and other Clearances such as a) NOC from the Fire Department, b) NOC from the State Pollution Control Board, c) Environmental Clearance, and d) NOC from Airport Authority. 7) Booking Form, Allotment Letter, and Builder Buyer Agreement, 8) Completion Certificate if it is completed project, 9) Occupancy Certificate, 10) Sale or Sub-lease Deed Registration, 11) Possession Certificate, and 12) Maintenance Service Agreement.