Sale of properties
Its been two months since the Delhi Government has made an announcement concerning the permission to allow the sale and purchase of properties in 300 unauthorised colonies which were regularised along with other 538 settlements. On September 6, the Delhi Government had set a deadline of about one month in order to allow the purchase [...] Continue Reading »
Mumbai, being the most expensive city of India, has the highest cost of real estate properties which compete with other Asian centers such as Singapore and Hong Kong. It has been recorded that an apartment in 28th floor, facing the Arabian Sea in Mumbai, was sold at 390 million rupees. At a present situation of [...] Continue Reading »
The Supreme Court of India has announced that the sale of immovable property under General Power of Attorney (GPA) will be considered illegal and will attract strict punishments. The decree might actually lead to a 20 percent downfall in the value of properties. The decision might have implications in resale and secondary properties. The decision will not [...] Continue Reading »
