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Investing in #RealEstate? First, do some homework!

Due Diligence for Investing in Real Estate Real estate is one of the fastest growing sectors in India evidenced by a sharp increase in estate transactions involving buying, selling, leasing and financing of properties. In addition to transactions in urban areas, we have also witnessed large scale procurement of land from individuals in villages close to the urban, industrial and commercial centres. Similarly, there has also been an increase in leasing (both short and long term) of commercial office space. The increase in real estate transaction values combined with the growing participation of the organized sector in estate has resulted in heightened awareness of the risks involved and, consequently, the need for ensuring that the risks are identified and minimized in such transactions. ‘Legal due diligence/ title search’ of real property (be it of vacant tracts of land or of constructed residential/ commercial/ industrial properties) is clearly the mode for achieving...

NRI Marriages and Divorce

NRI Marriages and Divorce : ‘Divorce- a resumption of diplomatic relations and rectification of boundaries’-. Bierce. The most sacred institution which binds persons for a lifetime together is self-destroyed by these two persons. It is an abrupt stop and legal way to end a relationship. The financial trauma of this is excruciating. The contemporary trend is marriage of a Indian brides

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CAN NRI DRIVE IN INDIA?

CAN NRI DRIVE IN INDIA? : NRIs when visiting their India often face hurdles when they decide to go out and explore on their own. Driving a Vehicle by a Foreigner or NRI without a Valid Indian Driving License is similar to driving with no license at all and is an offence punishable with Fine. Short Time Visitors India being a signatory of

DRINKING & DRIVING

DRINKING & DRIVING : “The DRIVER is SAFER when the roads are DRY; the ROADS are SAFER when the DRIVER is DRY” Since most of the road accidents in India are caused because of the drivers fault, it is but important that the driver must be completely conscious while driving and must not be intoxicated. Which is why, drunk driving

Nomination is not the WILL

Nomination is not the WILL : If you die intestate (without leaving a WILL document), The Natural law of succession will prevail The Court in present case once again had to decide between Morality and Law and settled that law prevails. The matter before the court was in relation to Relinquishment of Succession Right when Heirs have separated themselves

Difference between Succession Certificate and Letter of Administration

Difference between Succession Certificate and Letter of Administration : The right paper work goes a long way in getting your money to those you love when you are no more to help them out. When you approach a financial institution, bank, Mutual Fund AMC, Demat account, PPF etc. to inherit, they may ask for documents like Succession Certificate or Letter of Administration or Probated copy of the Will to