Real Estate: Basics

What is the difference between the lease agreement and the Leave and License agreement?

Read on to know the difference between Lease agreement and Leave and License agreement. ......

What are the implications of entering into a lease agreement?

There are various implications of entering into a lease agreement such as you have to pay the stamp duty, the lease agreement has to be registered etc... ......

I have a flat which I want to sell and buy a new flat bigger in area. What are my tax implications with regard to capital gains?

If you purchase a new flat within two years of the date of sale of the original flat and invest the entire amount of capital gained into the new flat, you will not have to pay any capital gains tax. ......

Why is it considered necessary to register a property? What is the purpose of registration?

By registering the transaction of an immovable property, it becomes permanent public record. Title or interest can be acquired only if the deed is registered. ......

Real Estate: Did you Know

Does a foreign citizen of non-Indian origin require permission from the Reserve Bank of India (RBI) for acquisition of immovable property?

Yes. The RBI may grant permission to a foreign citizen of non-Indian origin/foreign companies if the property is purchased for residential use and the consideration is paid by way of foreign exchange. ......

Can Nepalese/Bhutanese acquire immovable property in India, without seeking any kind of permission?

No. individuals with Nepalese/Bhutanese nationalities are treated as foreign nationals of non-indian origin. ......

Are foreign passport holders of Indian origin allowed to purchase immovable property in India?

Yes. Foreign nationals of Indian origin whether resident in India or abroad, have been granted general permission to purchase immovable property in India for bona-fide residential purposes. ......

How many properties can be acquired by a foreign national of Indian origin in India without the permission of Reserve Bank of India (RBI)?

There are no restrictions on the number of properties that a foreign national of Indian origin can acquire for residential purposes. ......