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Nazaqat Lal

Latest Posts by Nazaqat Lal

Basics of FSI

March 18, 2024 729 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 36213 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 12912 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 5865 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 23946 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 15453 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 17241 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 7401 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 11307 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.

Law on Cartels

October 7, 2021 1806 Views 0 comment Print

At the heart of competition law is consumer welfare and creating a marketplace where businesses compete fairly with each other. Competition in Indian markets and markets outside India, having an appreciable adverse effect on competition in India, is governed by the Competition Act, 2002 (“Act”). Agreements among competitors have always been the most pernicious of […]

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