In the dynamic landscape of the Indian real estate market, understanding the process and implications of terminating a Leave and License Agreement is crucial. A Leave and License Agreement, a common arrangement in this industry, grants the licensee the right to occupy a property owned by the licensor for a predetermined period. However, there are situations when either party may need to terminate this...
2023
In the dynamic landscape of the Indian real estate market, it's crucial for both landlords and tenants to establish a legally binding agreement that safeguards their interests. One such agreement gaining prominence is the "Leave and License Agreement." In this blog post, we'll delve into the legal definition and significance of a Leave and License Agreement in the Indian real estate context, ensuring...
In the realm of real estate transactions in India, a crucial legal instrument that governs the relationship between a property owner and a tenant is the Leave and License Agreement. This agreement outlines the terms and conditions under which a licensee (the tenant) is granted the permission to occupy and use the licensor's (the landlord's) property for a defined period, while retaining the ownership of...
In the dynamic landscape of the Indian real estate market, property management companies play a crucial role in ensuring the efficient and effective management of properties. As the market continues to grow and diversify, property management companies have emerged as valuable partners for property owners, investors, and tenants alike. In this blog post, we will delve into the key responsibilities and...
In the dynamic landscape of the Indian real estate market, property management companies have emerged as vital players, offering a range of services that cater to both property owners and tenants. As the market continues to evolve, understanding the role and significance of these companies is crucial for anyone involved in real estate transactions. In this guide, we'll delve into the key aspects of...
Streamlined Tax Structure: Central and State Taxes Subsumed by GST in India In 2017, India underwent a significant tax reform with the implementation of the Goods and Services Tax (GST). This reform aimed to simplify the complex tax structure by subsuming various central and state taxes into a single unified system. Let's delve into the types of central and state taxes that were subsumed by GST, paving...
The implementation of the Goods and Services Tax (GST) in India marked a significant economic reform. Aimed at streamlining the taxation system, GST has left no sector untouched, including the real estate and construction industry. In this blog post, we'll delve into the impact of GST on developers, builders, and contractors in India, exploring both the positive and negative ramifications. Impact on...
In the realm of real estate and construction in India, the Goods and Services Tax (GST) has emerged as a significant factor affecting home builders. GST, a comprehensive indirect tax, has replaced several previous taxes and has had a substantial impact on the construction industry. This blog post aims to provide a comprehensive guide for home builders in India to understand the implications of GST on...
In recent years, India has undergone significant reforms in its tax system to promote transparency, streamline processes, and boost economic growth. One such reform was the introduction of Goods and Services Tax (GST) on property transactions. This move aimed to revolutionize the real estate sector, simplify taxation, and create a unified tax structure. In this blog, we delve into the reasons behind the...
In the realm of real estate, housing projects come in various flavors, catering to different segments of society. The two main categories are premium/non-affordable housing projects and affordable housing projects. These categories vary significantly in terms of pricing, amenities, and target audience. In this article, we will delve into the distinctions between these two types of housing projects,...