Property

Understand the legal and financial implications before gifting property

A registered gift deed transfers property ownership permanently and cannot be revoked unilaterally, unless specifically stated-donors and donees must plan with caution

ED files case in Gujarat over alleged irregularities in Waqf property

The Enforcement Directorate on Tuesday launched multiple searches in Gujarat as part of a money laundering investigation linked to alleged financial irregularities in certain Waqf properties in the state, official sources said. A case has been filed by the agency under the Prevention of Money Laundering Act (PMLA) taking cognisance of a Ahmedabad Police FIR field against one Salim Khan Jumma Khan Pathan, Mohammad Yasar Abdulhamiya Sheikh, Mehmud Khan Jumma Khan Pathan, Fezmohamad Pir Mohammad Chobdar, and Saheed Ahmad Yakubhai Sheikh. They had "illegally" claimed to be trustees of the Kanch Ki Masjid Trust and Shah Bada Kasam Trust, the agency said. About nine premises of the accused and their associates are being raided across Gujarat by the Ahmedabad zonal office of the agency, the sources said. The accused entered into "fraud" lease agreements, extorted rents from tenants, and submitted false affidavits to the Waqf Board. The ED, a federal probe agency, suspects that the accuse

Out of reach? Why buying a home in urban India feels financially draining

According to an investment banker, one should ensure that their EMI doesn't exceed 35 per cent of your monthly take-home income

Gift deed vs will: SC rules in woman's favour after 30-year dispute

Grounds for cancelling a gift deed have to be established before a court, says legal expert

What is the difference between registration and mutation of property?

Proper registration ensures that buyers have legal ownership of their property. Without it, they may face challenges in asserting their rights

Circle rates hike may not 'immediately' hit Mumbai realty market

Across the state, the RR rate has been increased by 3.9 per cent, on average

Proposed circle rate hike to make property costlier in Noida, Jewar

Experts believe potential rise may enhance investor confidence in long run

Proposed circle rate hike to make property costlier in Noida, Jewar

Experts believe potential rise may enhance investor confidence in long run

Mumbai gets ₹896 cr as stamp duty from 11,500 property registrations in Feb

STRAP City property registrations have consistently remained above 10,000, significantly higher than pre-pandemic levels

Listed realtors report mixed bag Q3 as home sales moderate in top cities

Project approvals slow down but most companies expect to meet their annual guidance

Real estate firms dominate QIP market in 2024, raise Rs 22,320 cr: Report

Institutional investors 'extremely bullish' about sector's growth potential, it says

US new home sales exceed expectations; rising supply curbs price growth

Residential investment, which includes homebuilding and sales, likely rebounded in the fourth quarter after being a drag on gross domestic product for two straight quarters

Fate of Rs 15K cr properties inherited by Saif, family in limbo: Lawyers

The fate of properties worth Rs 15,000 crore owned by Bhopal's erstwhile rulers and inherited by actor Saif Ali Khan and his family remains in limbo due to uncertainty over filing an appeal against an order of the Office of the Custodian of Enemy Property, lawyers said. If an appeal is not filed by Bhopal Nawab's successors against the order of the Office of the Custodian of Enemy Property for India, the properties may come under the Centre's control, they said. It is not yet clear whether they have filed an appeal before the Mumbai-based Office of the Custodian of Enemy Property, which comes under the Union home ministry, following a Madhya Pradesh High Court order of December 13, 2024 on the issue. Saif Ali Khan's mother and noted actress Sharmila Tagore (Pataudi) and others had challenged in the HC the order dated February 24, 2015, of the Custodian of Enemy Property for India that termed the property of Bhopal Nawab as "Enemy Property". The authority under the home ministry had

317,000 villages covered through technology under Svamitva scheme: Nadda

Union minister JP Nadda said on Saturday that the distribution of Svamitva property cards and other initiatives underscore the Narendra Modi government's resolve to empower the people. He said 3.17 lakh villages were covered with the help of technology under the Svamitva Scheme, and 1.53 lakh farmers will be given property rights today. Nadda virtually attended the distribution of Svamitva cards by Prime Minister Narendra Modi from Ahmedabad with Chief Minister Bhupendra Patel and Governor Acharya Devvrat. "Under Prime Minister Modi's leadership, the empowerment of the common man has been given great importance. The Modi government always prioritised people and ensured how we should work to empower the common man," Nadda said while addressing a state-level programme. PM Modi distributed around 65 lakh Svamitva property cards, which he said would bolster economic activities and alleviate poverty. These property cards are being distributed to beneficiaries across more than 50,000 ..

Major realty deal: K Raheja Corp buys prime Mumbai land for Rs 466 crore

The agreement includes the sale of all pieces and parcels of land along with an existing building on the 5.75-acre site

Can't deprive individual of property without adequate compensation: SC

The Supreme Court has said that the right to property is a constitutional right and an individual cannot be deprived of his property without him being paid adequate compensation in accordance with the law. A bench of justices B R Gavai and K V Viswanathan said the right to property ceased to be a fundamental right due to the Constitution (Forty-Fourth Amendment) Act, 1978, however, it continues to be a human right in a welfare state and a constitutional right under Article 300-A of the Constitution. Article 300-A of the Constitution provides that no person shall be deprived of his property, save by authority of law. The apex court delivered its verdict on Thursday on an appeal challenging a November 2022 judgement of the Karnataka High Court in a matter pertaining to land acquisition for the Bengaluru-Mysuru Infrastructure Corridor Project (BMICP). "As discussed hereinabove, though the right to property is no more a fundamental right, in view of the provisions of Article 300-A of t

State can't claim adverse possession over citizens' private property: SC

The Supreme Court on Tuesday said allowing the State to appropriate private property through adverse possession would undermine the constitutional rights of citizens and erode public trust in the government. A bench of Justices Vikram Nath and P B Varale dismissed an appeal of the Haryana government challenging the Punjab and Haryana High Court order restoring the possession of land to a private party in which the state's Public Works Department (PWD) has staked its claim. "We find no merit in the appellants' contentions. The high court's judgement is based on sound legal principles and correct appreciation of evidence. The plaintiffs (private party) have established their ownership of the suit property, and the State cannot claim adverse possession against its own citizens," it said. The dispute pertains to land in Bahadurgarh at Haryana located on the National Highway, which connects Delhi and Bahadurgarh. The bench relied on the entries of the revenue records which established t

Tenants in Singapore may have upper hand in 2025 as leasing market cools

After jumping nearly 60 per cent in three years, the island-wide rental index has softened by 4 per cent over the last four quarters

SC to pronounce verdict on pan-India guidelines on demolition of properties

The Supreme Court is scheduled to pronounce its verdict on Wednesday on pleas seeking framing of guidelines on demolition of properties in the country. A bench headed by Justice B R Gavai had reserved the verdict on October 1. The top court had said it will lay down pan-India guidelines while making clear that any religious structure in the middle of a road, be it a 'dargah' or a temple, "has to go" because public interest is paramount. It had said merely because somebody is an accused or even a convict cannot be a ground for demolition of property. A batch of pleas alleged that properties, including of those accused of crime, were being demolished in several states. "Whatever we are laying down, we are a secular country. We are laying it down for all the citizens, for all the institutions, not for any particular community," the bench had said. The top court was hearing the petitions filed by Jamiat Ulama-i-Hind and others seeking directions to various state governments to ensure

Waqf property occupants prior to 2013 amendment can't be prosecuted: HC

The Kerala High Court has observed that section 52A of the Waqf Act, which was inserted by an amendment in 2013, does not say that those in occupation of waqf property prior to that can be prosecuted for alienating such land without the Waqf Board's sanction. The observation by Justice P V Kunhikrishnan came while quashing the criminal proceedings against two officials of the Department of Posts for allegedly alienating waqf property without the Waqf Board's permission. The criminal proceedings were initiated against the officials on a complaint by the Kerala State Waqf Board. Quashing the criminal proceedings pending before a magisterial court in Kozhikode, the High Court said the post office was functioning on the waqf property since 1999 and section 52A of the Act does not show that a person who is in occupation of such land even prior to the insertion of the provision were liable to be prosecuted. "Hence, I am of the considered opinion that the prosecution against the petitione