Description
Advocates at Mera Vakeel specializing in real estate and property law provide a range of services related to legal issues and transactions involving real estate properties. Here are some services provided by advocates in the matter of real estate and property law:
Property Purchase and Sale: Advocates at Mera Vakeelassist clients in buying or selling real estate properties. They review and draft purchase agreements, negotiate terms and conditions, conduct due diligence on the property, and ensure a smooth transaction process.
Title Verification: Advocates at Mera Vakeelconduct title searches and verify the ownership and legal status of the property. They review property documents, land records, and other relevant records to ensure the title is clear and free from encumbrances or disputes.
Property Registration: Advocates at Mera Vakeelhelp clients with property registration, including preparing and filing the necessary documents with the appropriate land registration authorities. They ensure compliance with registration formalities and facilitate the transfer of ownership rights.
Lease and Rental Agreements: Advocatesat Mera Vakeel assist in drafting, reviewing, and negotiating lease and rental agreements for residential, commercial, or industrial properties. They ensure that the agreements protect the client's interests, address important terms, and comply with applicable laws.
Property Development and Construction: Advocates at Mera Vakeeladvise clients on legal matters related to property development and construction projects. They review and negotiate contracts with contractors, architects, and suppliers, and ensure compliance with zoning laws, building regulations, and permits.
Property Disputes and Litigation: Advocates at Mera Vakeelrepresent clients in property disputes, including boundary disputes, title disputes, trespassing, illegal occupation, and eviction cases. They handle litigation, negotiation, mediation, or arbitration to resolve property-related disputes.
Property Due Diligence: Advocatesat Mera Vakeel perform due diligence on behalf of clients interested in purchasing or investing in real estate properties. They assess the legal and regulatory aspects, property records, encumbrances, and potential risks associated with the property.
Property Financing: Advocates at Mera Vakeelassist clients in securing financing for real estate transactions. They review loan agreements, negotiate terms with lenders, and ensure compliance with financing requirements and documentation.
Property Taxation: Advocatesat Mera Vakeel provide guidance on property tax matters, including assessment, payment, exemptions, and disputes. They assist clients in understanding property tax laws and regulations and ensure compliance with tax obligations.
Real Estate Investment: Advocatesat Mera Vakeel advise clients on real estate investment opportunities, risks, and legal implications. They assist in structuring real estate investments, drafting investment agreements, and ensuring compliance with relevant laws and regulations.
Land Acquisition and Development: Advocates at Mera Vakeelassist clients in land acquisition and development projects. They handle legal aspects such as negotiation with landowners, obtaining necessary approvals and permits, and complying with land acquisition laws and regulations.
Real Estate Regulatory Compliance: Advocates at Mera Vakeelguide clients on compliance with real estate regulatory frameworks, such as the Real Estate (Regulation and Development) Act (RERA). They assist in registration with regulatory authorities, compliance with disclosure requirements, and resolution of disputes under the applicable laws.
Property Valuation and Documentation: Advocates at Mera Vakeelprovide advice on property valuation, conduct legal analysis of property documents, and assist in preparing and executing legal documents such as deeds, agreements, and affidavits.
Real Estate Development Regulations: Advocatesat Mera Vakeel advise clients on compliance with real estate development regulations, such as building codes, environmental regulations, land use restrictions, and urban planning requirements.
Real Estate Investment Trusts (REITs) and Real Estate Funds: Advocates at Mera Vakeelprovide legal guidance to clients interested in investing in REITs or real estate funds. They assist in due diligence, documentation, and compliance with regulatory frameworks governing such investments.
You may also like to know
How can I verify the title of a property?
Verifying the title of a property generally involves checking the title deed of the property, ensuring that the seller is the real owner, verifying the existence of any encumbrances, and confirming the history of ownership. This process often involves visiting local government offices, such as the Sub-Registrar's office, and it's typically advisable to engage a lawyer for this task.
What is the process of buying a property in India?
The process typically involves finding a suitable property, verifying the property title, negotiating the price, making a token payment, executing an agreement of sale, making the full payment, registering the sale deed, and taking possession of the property.
What is the RERA Act?
The Real Estate (Regulation and Development) Act, 2016 (RERA) is an Act passed by the Indian Parliament. The goal of RERA is to protect the interests of homebuyers and boost investments in the real estate industry. The Act establishes a Real Estate Regulatory Authority in each state for regulation of the real estate sector and also acts as an adjudicating body for speedy dispute resolution.
What are the taxes applicable on the sale of property in India?
The seller of the property is liable to pay capital gains tax. If the property was held for more than two years, it's considered a long-term capital asset and is subject to long-term capital gains tax. If held for two years or less, it's considered a short-term capital asset and short-term capital gains tax applies.
What is Stamp Duty and when is it payable?
Stamp duty is a tax paid on the transaction performed by way of a document or instrument under the provisions of the Stamp Acts. The liability to pay stamp duty arises at the time of execution of the document/instrument.
