Independent House Owners exempted From Mortgage Rule
Any buyer of immovable property may soon be able to electronically check details regarding the property – whether the property concerned is free of encumbrances, i.e. outstanding mortgage or unpaid taxes. CERSAI, a Government company, plans to soon allow individuals to access the information recorded with the central registry. The central registry is a shared [...] Continue Reading »
Small plot owners in Hyderabad may exempted from the mortgage rule for constructing their houses. Succumbing to pressure from different quarters, including property owners, residential welfare associations and public representatives, the state government is contemplating to exempt small plot owners from the mortgage rule for constructing their houses. Under the mortgage rule, an owner or [...] Continue Reading »
