Maharashtra RERA Rules, 2017

Government of India has enacted the Real Estate (Regulation and Development) Act 2016 ("Act") and all the sections of the Act shall come into force with effect from May 1, 2017. Under this Act, Government of Maharashtra vide notification dated April 20th, 2017 notified the Maharashtra Real Estate (Regulation Development) (Registration of Real Estate Projects, … Continue reading Maharashtra RERA Rules, 2017

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The Real Estate (Regulation and Development) Act, 2016

The real estate sector is widely unorganized, unregulated and was prone to deception. Since a long time, there has been a dire need to regulate the real estate sector and to establish a law to promote an environment of trust and confidence amongst the purchasers in the real estate sector. For any deficiency of services … Continue reading The Real Estate (Regulation and Development) Act, 2016

Stamp Duty and its relevance

The basic idea about stamp duty and the obligations imposed under the Indian Stamp Act, 1899 (“Act”) for interstate transactions has been illustrated in our previous blog. The concept of stamp duty was introduced by the Britishers in 1899 and was applicable for all property transactions. Stamp duty was to be deposited in the government … Continue reading Stamp Duty and its relevance

FAQs on payment of Stamp Duty in Maharashtra

  In this post, we have sought to compile some of the common questions that arise in the minds of corporates and other individuals who commonly enter into e-contracts, inter-state contracts and /or  international contracts. We trust our readers will find this useful. When is stamp duty to be paid? Under the laws of India[1], … Continue reading FAQs on payment of Stamp Duty in Maharashtra

Lease or Leave and License: Dynamics for commercial decisions

The query regarding the feasibility of a lease and leave and license is often answered through commercial feasibility in terms of the applicable stamp duty, particularly in Maharashtra. However, it is necessary to comprehend the intention of the parties vis-à-vis a property to arrive at the necessary documentation. Lease and leave and license are the … Continue reading Lease or Leave and License: Dynamics for commercial decisions