We advice our clients in the matters of Property and Real Estate business and provide them assistance regarding various laws applicable to the Real Estate business. There are various legislations governing real estate business
- Transfer of Property Act, 1882: This Act is the central act and provides general principles of movable and immovable property, such as sale, exchange, lease mortgage and gift.
- Indian Easement Act 1882: This Act governs law relating to easementary rights to immovable property.
- Registration Act 1908 and Indian Stamp Act, 1899: The Act governs law relating to payment of stamp duty and requirement for registration of various deeds, documents and instruments relating to transfer of interest in immovable property.
- The Real Estate (Regulation and Development) Act 2016 (RERA): This Act governs development marketing and sale of real estate projects to protect the interest of consumers in real estate sector. The Act established an adjudicating mechanism for speedy dispute redressal vide real estate regulatory authority and appellate tribunal and mandates compulsory registration of projects and key players in real estate project.
- Indian Contract Act 1872: The Act governs law related to contracts in India including capacity to enter into contract, execution and implementation thereof and breach and remedies available to the parties thereof.
- Land Revenue Codes: Various state in India have formulated their own own land revenue codes, which govern law relating to agricultural land- holding, land revenue, types of tenancy and matters connected thereto. The said codes encapsulate division and classes of immovable property in a state, restrictions on transfer thereto, power and duties of revenue officers, rules regulations and penalties for contravening such codes.