RERA & Broking
Sep 2017 , by in Legal Opinion & Counsel

Real-estate brokers play an important role in real estate market. The buyer trusts them to guide him in getting the right property for the best price in a professional and a transparent manner. This is not much to ask for, but more often than not the brokers fail on all accounts. Real-estate brok... Read more...

RERA will consolidate the Market
May 2017 , by in Legal Opinion & Counsel

The need for a legislation to regulate real-estate sector was felt badly which ultimately led to passing of "Real Estate (Regulation and Development) Act, 2016" (“RERA”). Though it took eight years for this to happen, it is expected to be the biggest reform in the sector. Till now, the real-e... Read more...

The Saga of commercial leases
Mar 2017 , by in Legal Opinion & Counsel, Story

According to pundits, the world’s 10 most transparent commercial real estate markets attract 75% of direct global investments. Transparent, we are not. Our labyrinth of laws rivals a Persian tapestry. Commercial real estate - the parched land of India is out of bounds of the salaried class and... Read more...

The New Benami Law- A Review
Mar 2017 , by in Legal Opinion & Counsel

It seems that Prime Minister Narendra Modi is on a mission to cleanse the realty sector. On one side he has snaffled the developers and realtors by RERA, on the other he has announced the Benami Property Act to bridle the investors. Sumes Dewan, Managing Partner, Lexfavios throws light on the new Be... Read more...

Surging Ahead
Mar 2017 , by in Legal Opinion & Counsel

In 2016, there have been several remarkable sustained improvements in the real-estate sector that gave boost to the Indian economy as well. There were a few positive conclusions like Goods and Services Tax (GST)which got unanimous approval of both houses of parliament last monsoon session and th... Read more...

Impact of Demonetization
Jan 2017 , by in Legal Opinion & Counsel

How is demonetization likely to affect the sector, as well as property rates? Demonization is likely to result in declining property prices, as well as land prices, as buyers would be unable to invest in real estate in cash. It is reported that the involvement of cash for real estate transactions... Read more...

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