Results for #commercial
Purchase & Sales
#view#commercial#mumbai
What is the expert view on the commercial real estate markets in Mumbai?
What is the expert view on the commercial real estate markets in Mumbai?
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Answered on November 08, 2017
Commerical market had been at an all time low since the last couple of years. Because of this, commercial supply went down drastically except in select areas such as BKC, Lower Parel. Over time, people have been experiencing a dearth in supply in places in northern suburbs of mumbai and demand for commercial real estate is now on the rise, especially for compact units in the range of 400-1000 s...
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Society Matters
#commercial#builder#charging#money#maintenance
I have a commercial office in Andheri (E) since last 20 years. Since so many years, the builder is regularly charging the maintanence but I believe he is not utilising the money towards the maintenance of the office. I wanted to know that can the builder do so? Also, can the builder charge us for repairs or only the society can?
I have a commercial office in Andheri (E) since last 20 years. Since so many years, the builder is regularly charging the maintanence but I believe he is not utilising the money towards the maintenance of the office. I wanted to know that can the builder do so? Also, can the builder charge us for repairs or only the society can?
Answered on November 08, 2017
How old is the society? When is the builder going to hand over operations to the society. Normally, as a practice a builder runs the maintainance for 6 months to a year to ensure everything is smoothly running. Post this, it is normally handed over to the society with proof of where the money has been utilized.
Regulations
#fsi#builder#residential#commercial#mumbai
What is the FSI available to a builder on any given plot for residential purposes or commercial purposes in Mumbai?
What is the FSI available to a builder on any given plot for residential purposes or commercial purposes in Mumbai?
Answered on November 08, 2017
This is a vry subjective question as in Mumbai FSI is permissible under DCR 32 +tdr under 34 + Fungible under 35(4). Also there is DCR 33 wherein Additiona Fsi up to 4.00 is permissible for specific uses and special cases.
Legal
#huf#commercial#taxes#transfer#property
I recently formed an HUF with my wife and 2 children. I have a commercial office, out of which I get a healthy income and I also pay the taxes on that income. But now as I have formed an HUF I cannot create any funds above 50,000 per annum. I want to transfer this property with the rights of being a karta of my HUF, how can I go about this?
I recently formed an HUF with my wife and 2 children. I have a commercial office, out of which I get a healthy income and I also pay the taxes on that income. But now as I have formed an HUF I cannot create any funds above 50,000 per annum. I want to transfer this property with the rights of being a karta of my HUF, how can I go about this?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
You can transfer the property from your name to the name of the HUF by executing a transfer deed to that effect.
Legal
#commercial#property#divided
We are a family of 7 brothers and own a commercial property. The ground floor has been sold to someone, and we own the rest of the floors. When any of these other floors are sold, how will the proceeds be divided among the 7 brothers?
We are a family of 7 brothers and own a commercial property. The ground floor has been sold to someone, and we own the rest of the floors. When any of these other floors are sold, how will the proceeds be divided among the 7 brothers?
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Depends on who owns the property and from whose income was the same acquired. If it was acquired from the joint family income or by the brothers jointly, then the sale proceeds can be shared by all brothers equally.
Legal
#commercial#property
I wanted to know that whether I can acquire a commercial property at the age of 17 years.
I wanted to know that whether I can acquire a commercial property at the age of 17 years.
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
You can acquire such property only through your natural or legal guardian, as minors below age of 18 years are not competent to enter into a valid contract.
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.
