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Four new projects from Dosti Reality: An Insight

Amidst various speculations in the mind related to dream home there is one Group that has always lived to its commitments. ‘Dosti’ group has been into existence since more than three decades and they have fostered a lasting connect with their customers through trust and reliability. This group has covered over 5 million sq ft. [...]

Recovery of possession of immovable property

A person enjoying ownership rights to a particular immovable property is entitled to possession of that property. Possession is a very important and significant ingredient of ownership rights. As stipulated in section 55 (1) (f) of Transfer of Property Act, 1872, seller is bound to give possession of the property to buyer of the same. [...]

Payment of owelty in partition of immovable property

What is owelty:- A joint family may own various immovable properties with diversified location, nature & character, price, fertility and measurement. When there is a partition in the family, it may not be possible to divide such diversified property, equitably by metes and bounds, amongst the co-sharers / coparceners. Any attempt to do so may [...]

Maharashtra housing (regulation and development) Act, 2012.

The aforesaid Act was passed by the Maharashtra state assembly and was sent for Presidential assent in the year 2012. Finally the act got Presidential assent in February, 2014. The state Govt. intends to frame the necessary rules very soon and set up the authority by June, 2014 itself. After it’s implementation Maharashtra will become [...]

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Exchange of property (movable and immovable)

  Exchange of property is one of the various modes to transfer ownership rights in a property (both movable and immovable). Other popular and widely used modes for transfer of immovable property are Sale, Gift, Will etc. “Sale of immovable property” is defined under section 54 of “Transfer of Property Act, 1882” as “transfer of [...]

Clear title, restrictive title & contingent title

Title to an immovable property stands for authority and ownership rights of a person enjoyed by him/her over a specific immovable property. Title to a property may be of various types, depending upon the extent of freedom to exercise such authority and ownership rights pertaining to a specific property. Based on such extent of freedom [...]

Adverse or hostile possession

Adverse or hostile possession

At most of the public places such as public transport systems including railway, parks, restaurants, schools, hospitals etc. we come across warning boards cautioning the general public to remain vigilant to the safety of their belongings. At some places it is curtly mentioned that you are solely responsible for your belongings and the concerned authority [...]

Blanket loan and blanket mortgage

When charge, in the form of mortgage, is created on two or more property(ies) or a basket containing several properties then such mortgage is called “Blanket Mortgage”. Though this type of mortgage and lending against this type of mortgage is not very popular but nonetheless it is advantageous to the borrower and the lender. Persons [...]

Looking back & forward for real estate sector

Looking back, the year 2013 was a watershed year for the real estate sector in more than one ways. Weakness in the Indian currency, slow income growth, high inflation and high borrowing rates made the consumer (property buyer) hesitant in committing to fresh investments and the Indian consumer confidence continued to be shaky. Slow economic [...]

Potential of real estate sector in West Bengal

During the last decade construction and real estate services sector have contributed significantly to the “Gross Domestic Product (GDP)” of India. Urbanisation is taking strides with metros witnessing evolution of skyscrapers with architectural splendors whereas the smaller towns are witnessing transmutation through expansion of roads, flyovers and other infrastructural developments. Just like other states, West [...]