Legal

These proposals encompass various measures, one of which involves the transfer of flats in their current condition, allowing homebuyers to receive their properties without any further obligations to the builder.

Maharashtra has been the most active State in implementing the Real Estate (Regulation and Development) Act (RERA) since the law came into effect.

The Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act, 2002 (SARFAESI Act) is an essential piece of legislation that provides an effective legal framework for the recovery of defaulted loans in India.

A non-resident Indian (NRI) is permitted to invest in India so long as he or she complies with the Foreign Exchange Management Act of 1999 (FEMA).

The Uttarakhand government has decided to enact a law with stringent land purchase requirements.

The Income-Tax Appellate Tribunal (ITAT) Mumbai tribunal ruled recently that rental recompense received from a contractor as a result of redevelopment is not taxable in the hands of the erstwhile unit proprietor.

The Maharashtra bench of the Appellate Authority for Advance Rulings denied a Cooperative Housing Society (CHS) on Pedder Road's GST appeal (AAAR). Goods and Services Tax (GST) will apply to "voluntary" contributions made by a departing member, as reported by TOI on 8 June 2022.