Joint tenancy is one of the most widely used forms of property ownership, especially among family members, partners, and close friends. It’s a co-ownership arrangement that provides unique benefits, particularly the “right of survivorship,” which automatically allows the remaining owners to inherit a deceased owner’s share. Individuals are seeking simplified inheritance and financial security through …
Real estate terminology can feel overwhelming, but “ingress” and “egress” are two words you’ll be glad to understand—especially when it matters. These terms might seem minor until a real estate transaction or a legal dispute brings them to the forefront. Understanding ingress and egress can significantly impact property value, accessibility, and zoning compliance. While terms …
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 …
If you plan to invest in a commercial property or expand your business, a commercial property loan could be your financial ticket to making it happen. These loans help individuals and businesses buy, develop, or refinance commercial real estate, including office buildings, retail locations, and warehouses. A commercial property loan offers a strategic way to …
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 …
Loan disbursement may seem complex, but it simply means the process where the lender finally hands over the approved loan amount to the borrower. Understanding how loan disbursement works can streamline the borrowing experience, especially if you’re preparing to apply. What is Loan Disbursement? Definition and Importance of Loan Disbursement Loan disbursement is when the …
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 …