Aadhira Raichura
Questions Asked
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Answered on November 08, 2017
TDr Permissibility has been reduced and Increased based on Road width as per Recent Notification dated 16 nov 2016.
Regulations
#society#process#redevelopment#builder#provide
Our society is currently in the process of going for redevelopment. Does the builder need to provide entire 35% fungible FSI to us or they can use it for their sale?
Our society is currently in the process of going for redevelopment. Does the builder need to provide entire 35% fungible FSI to us or they can use it for their sale?
Answered on November 08, 2017
As per Regulation the Fungible for Rehab isFree to the extent of 35% of their existing area and canot be used for Sale. However Legally areas can be sold and a way be deviced to do so
Purchase & Sales
#buying#crore#mumbai
When buying real estate for investment with a budget of 1.5 crore, which areas in Mumbai give the best ROI?
When buying real estate for investment with a budget of 1.5 crore, which areas in Mumbai give the best ROI?
Answered on November 08, 2017
Areas such as Mulund, Vikhroli on the central side and Dahisar, Borivali on the western sides are good places of investments. The price differentials between these places and their southern counterparts is almost 100%. With connectivity improving with metro and eastern freeway, commute time across the city is improving. This will eventually result in price appreciation in these areas over the n...
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Legal
#nri#gifted#flat#delhi#registered
I am an NRI. My wife was gifted a flat in South Delhi by our in-laws during our wedding. This flat although is registered in my mother in laws name. Now I wish to transfer it to my wife's name with a goal of renting it and earning some money out of it. How can I get it transferred?
I am an NRI. My wife was gifted a flat in South Delhi by our in-laws during our wedding. This flat although is registered in my mother in laws name. Now I wish to transfer it to my wife's name with a goal of renting it and earning some money out of it. How can I get it transferred?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Your mother in law can gift the same to your wife by way of a Gift Deed which will attract minimum stamp duty.
Legal
#property#loan
We want to buy a property that is owned by a minor and his mother. Is it legal to buy this property? Will we get a loan in line with hits property? When the minor comes of age can he ask for his property?
We want to buy a property that is owned by a minor and his mother. Is it legal to buy this property? Will we get a loan in line with hits property? When the minor comes of age can he ask for his property?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Depending on the religion the sellers follow, they would have to apply for leave from a court of competent jurusiction, before the minor's share in the proeprty can be sold to you. If such leave is obtained, then there is no harm in acquiring the minor's share in the property.
Legal
#divide#property#deceased#commercial
If both of the parents have died and they had provided the will orally and not in written, how can we legally divide the property? The deceased father had named his commercial property equally between him and his two sons, where in his part of the property was to be further named to his nephew.
If both of the parents have died and they had provided the will orally and not in written, how can we legally divide the property? The deceased father had named his commercial property equally between him and his two sons, where in his part of the property was to be further named to his nephew.
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
An oral will has to be proved before a court of competent jurisdiction and a probate of the same will have to be obtained before the bequest under the Will is given effect to.
Legal
#loan#bank#letter#registering
My home loan has been completed and is closed, the bank has given me the covering letter as well as the release deed. Although they stopped before registering it as I am the guarantor to an NPA home loan a/c holder. Is this law correct?
My home loan has been completed and is closed, the bank has given me the covering letter as well as the release deed. Although they stopped before registering it as I am the guarantor to an NPA home loan a/c holder. Is this law correct?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
No, the Bank will not be entitled to stop registration of the release deed, however, the bank will be entitled to obtian a decree/ order against you in your capacity as guarantor for the loan in question and seek sale of your flat for repayment of the loan.
Legal
#nri#registration#nominee#documents#buying
Is it possible to nominate someone to sign the registration documents while buying a property if I am an NRI and not physically present in the Mumbai where the property is located ?
Is it possible to nominate someone to sign the registration documents while buying a property if I am an NRI and not physically present in the Mumbai where the property is located ?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
The right to admit execution of a document before the registration authorities can be granted to someone by way of a Power of Attorney. An NRI can execute such Power of Attorney before the Indian embassy at the place where such NRI resides and forward such Power of Attorney to India for adjudication and payment of stamp duty and thereafter, such Power of Attorney can be used to admit execution ...
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