Results for #rise
Legal
#rise#bangalore#loan#sell#property
I purchased an apartment in a high rise building of Bangalore for which I got home loan financed from HDFC. I now wish to sell the property. At the time of registration I gave the Power of Attorney to my brother as I was not in India that time. My brother took care of the possession and the registration of the house. I would like to know if I want to sell this apartment, do I need to transfer or change the documents in my name as all the registration documents include my brother's signatures?
I purchased an apartment in a high rise building of Bangalore for which I got home loan financed from HDFC. I now wish to sell the property. At the time of registration I gave the Power of Attorney to my brother as I was not in India that time. My brother took care of the possession and the registration of the house. I would like to know if I want to sell this apartment, do I need to transfer or change the documents in my name as all the registration documents include my brother's signatures?
| 
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
The registration and sale of the property by your brother on the basis of the Power of Attorney executed by you is merely as an agent on your behalf and as such there is no requirement of you changing any documents in connection with the apartment acquired by you through your brother and on the basis of the Power of Attorney executed by you in favour of your brother.
Answered on November 08, 2017
The Highrise Buidling from CFO point of Vew is 24mtrs (Proposed to be 32 mtrs in DDP 2034) , Additionally for building more than 70mtrs High Court has constituted a Higrise Commmittee to Clear Poposal of buidlings more than 70mtrs.
Purchase & Sales
#rise#fsi#prices#mumbai
Will the rise in FSI result in an increase of real estate prices in Mumbai, or the opposite?
Will the rise in FSI result in an increase of real estate prices in Mumbai, or the opposite?
Answered on November 08, 2017
Mumbai has been the major attraction for immigrants from rest of the country because of its fast overall developement and high employment opportunities. Few reasons influencing no reduction in property prices : a) The constant need of migrators to Mumbai encourages landlords to hold on to high prices. b) There has been constant increase in premiums payable to MCGM ; c) Cost of construction has ...
(View more)
