When dealing with property transactions in India, an Encumbrance Certificate is a critical document for ensuring a clear title and confirming that there are no property encumbrances or legal claims. Often seen as a property’s “clean chit,” this certificate reassures buyers of a clear ownership transfer and property rights free of unresolved liabilities. The Encumbrance …
What is the National Building Code? The National Building Code (NBC) is a set of guidelines dictating safety, design, and construction standards nationwide. Think of it as the rulebook that ensures structures are safe, functional, and able to withstand environmental challenges. This code is especially critical for India, where diverse climates, rapid urbanization, and high …
In its simplest form, an indemnity bond is a contract that provides a financial safeguard for one party against potential losses caused by another party. These bonds serve as a legal agreement, ensuring that if the principal party fails to meet specific obligations, the surety (the bond provider) will compensate the obligee (the one protected …
When dividing property or settling disputes among family members, a Settlement Deed is one of the most effective legal documents you can use. But what exactly is it, and how does it work? A Settlement Deed is a powerful tool for ensuring fair and transparent distribution of assets. It’s quicker and more flexible than a …
IGBC Certification is a mark of excellence in sustainable and eco-friendly building practices. Established by the Indian Green Building Council (IGBC), this certification promotes environmentally responsible, energy-efficient, and resource-saving construction. But what does it truly mean for a building to be “green”? IGBC certification is shaping the future of sustainable building in India. From energy …
What is the Ready Reckoner Rate? Have you ever wondered why your property’s registration charges are so high or why you’re paying a specific amount in stamp duty when buying a home? Much of that concerns something called the Ready Reckoner Rate, a crucial concept in real estate investment. This government-fixed Rate determines the minimum …