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Nazaqat Lal

Latest Posts by Nazaqat Lal

Role of a seller’s lawyer in a property sale

June 5, 2024 4863 Views 1 comment Print

Discover the crucial steps a seller’s lawyer takes in ensuring a smooth property sale, from providing vital documents to negotiating terms, protecting the seller’s interests.

Basics of FSI

March 18, 2024 951 Views 0 comment Print

Learn what Floor Space Index (FSI) is, how it’s calculated, its importance in real estate, and its link to development rights like TDR.

Rights in Rem and Rights in Personam

October 21, 2022 36945 Views 0 comment Print

Understand the difference between rights in rem and rights in personam. Learn how these legal concepts protect interests and enforce obligations.

Pagdi Flats

July 11, 2022 13308 Views 0 comment Print

Many residential and commercial properties in Maharashtra are occupied on ‘pagdi’ or tenancy basis. Questions that naturally arise are whether such premises can be sold, whether the landlord can lawfully claim payment of ‘pagdi’, what happens to the tenancy rights after the original tenant’s death, whether such tenancy rights can be bequeathed by way of will, etc.

Nomination under Maharashtra Apartment Ownership Act, 1970

March 9, 2022 6039 Views 0 comment Print

Section 4 of the Maharashtra Apartment Ownership Act, 1970 states that an apartment owner may transfer his apartment together with the percentage of undivided interest in the common areas and facilities appurtenant to such apartment by way of sale, mortgage, lease, gift, exchange or in any other manner whatsoever or by way of bequest (Will).

Sale of Property by NRIs- Legal & Tax implications

March 7, 2022 24189 Views 3 comments Print

Over the years, many Indians have settled overseas. As a result, they have assets in India and abroad. Having assets in multiple jurisdictions can become difficult to manage and therefore, many prefer to streamline their assets by gradually disposing off their assets situated in India, over time.

Position of Legal Heirs and Nominees under Various Statutes

December 28, 2021 15558 Views 1 comment Print

INTRODUCTION During a person’s lifetime, he may make several investments by way of investing in shares, opening bank accounts and making fixed deposits, purchasing insurance policies, contributing towards employees’ provident fund and acquiring immovable property. A question that naturally arises is what happens to these investments and acquisitions after the original owner/holder’s death. In many […]

Can Tenancy Rights Be Bequeathed Under A Will?

December 4, 2021 17553 Views 1 comment Print

Many residential and commercial properties in Maharashtra have been acquired on tenancy basis. A question that naturally arises is what happens to such tenancy rights after the original tenant’s death.

What is an OC (Occupancy Certificate) and why is it important?

October 29, 2021 7635 Views 0 comment Print

If you have purchased or intend to purchase a residential or commercial premises, you will often come across real estate jargon such as ‘building without OC’ or ‘building with OC’. Understanding what an OC is, when it is issued and what the consequence of non-issue of OC is will help you make a more informed […]

Title Certificate Issuance by Advocates and Solicitors

October 18, 2021 11616 Views 0 comment Print

Advocates and solicitors are often called upon to issue title certificates. This maybe a requirement under law, as in the case of the Maharashtra Ownership of Flats Act, 1963 (MOFA) and the Real Estate (Regulation and Development) Act, 2016 (RERA) or under contract, as in the case of loan transactions, mortgages, etc.

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