Summary Partition is a term used to describe an act, by a court order or otherwise, to divide up a concurrent estate into separate portions representing the proportionate interests of the owners of the property. Under the common law, any property owner who owns an undivided interest in the land can seek such a division. In India, the partition of property is guided by the Indian Succession Act of,1925:...
Summary A real estate certificate of title is a fundamental legal document that serves as official proof of property ownership certification. Issued by a government agency or authority land title registry, it acts as a comprehensive record that outlines the ownership of status and legal details of a specific piece of property. The document is indispensable in property transactions, ensuring that...
Summary Rera A dream home is a significant accomplishment for many homeless people. Everybody wants to own their own house. We also put aside some of our earnings to buy our new home. But we have a lot of inquiries before we buy real estate. Are we investing our funds appropriately? Is the constructor a scammer or is he real? Have we been duped, or is the builder-buyer agreement legitimate? To solve this...
Summary Similar to other cities in the nation, stamp duty and registration charges are imposed on real estate transactions in Ahmedabad. However because these costs depend on several variables, investors and purchasers pay different prices. The Gujarati government is responsible for imposing and overseeing Ahmedabad's stamp duty and registration charges. Table of...
Summary In India, registering a property is essential to proving legal ownership and protecting property rights. It provides certainty and protection to property owners. Understanding the property registration process is essential for both the buyer and seller to ensure a smooth and lawful transaction. In this blog, we will explain the property registration details and provide insights into the steps...
Summary In India, real estate remains one of the most preferred investment options. However, one of the biggest concerns for buyers is the taxes on property purchase. While real estate continues to deliver exceptional long-term returns, the tax on buying a property can feel like a financial burden. Fortunately, there are several ways to minimize these property purchase taxes. Let’s explore strategies...
Summary When purchasing a home, budgeting involves more than just saving for your down payment. Buyers and sellers alike must account for various fees, collectively known as closing costs. These costs cover services that ensure a smooth property transaction and vary based on the property and agreement terms. Table of content What is Closing Costs?How Much...
Summary Ahmedabad is a growing metropolitan city, offering a vibrant lifestyle backed by modern amenities like ample educational hubs and one of the rising job sectors. Infrastructure upgrades have further fuelled urbanization in the city, leading to several localities transforming into well-developed regions. In this article, iRealty247 will share the top 10 posh areas in Ahmedabad and where to invest...
Summary Websites that list real estate property have completely changed how we purchase, sell, and rent homes in the digital age. These platforms bring convenience, transparency, and efficiency to real estate transactions. Here is an in-depth look at the mechanics of the property listing websites. Table of content What are the Property Listing Websites?How do...
Summary Property valuation in real estate is like a map for home buyers and sellers, making it easier. It delves into the important methods and valuations and goes beyond a simple cost estimate. It influences careful investment choices, insurance, and property taxes. It even affects your property taxes, insurance, and where to go for property investment in India. Through this article, we can aim to...