Latest Realty News

MoU on immovable property of Jagannath temple signed
Feb 28, 2014
BHUBANESWAR: The Sri Jaganath Temple Administration (SJTA) today signed an MoU with the Bhubaneswar Development Authority (BDA) to develop and sell immovable property of Lord Jagannath temple. Chief Administrator of SJTA Mr Arabinda Padhee and BDA Vice-Chairman Krishan Kumar signed the agreement in the presence of Chief Minister Naveen Patnaik.
PIL wants sale of prime trust property cancelled
Dec 11, 2013
CHENNAI: The sale of a prime property belonging to a 125-year old trust in Kumbakonam has come under judicial scrutiny, with the Madras high court issuing notice to the Thanjavur district administration and others on Monday.
Part 1: Basics about mortgage of immovable property
Nov 20, 2013
DELHI: While all of us have heard about mortgage, little is known to a common man about it and its implications. Chapter IV of the Transfer of Property Act, 1882, defines various types of mortgages, rights and liabilities of mortgagor and mortgagee, its redemption and charges etc. There are at least six main mortgage types.
‘Hiba valid for property transfer’
Sep 27, 2013
HYDERABAD: The AP State Minorities Commission (APSMC) on 25th September issued notices to various government agencies instructing them to accept the Hiba (oral gift) as a valid method of transferring immovable properties.
Property seller can forfeit buyer's earnest money: Supreme Court
Oct 25, 2012
NEW DELHI: Earnest money paid by a purchaser of an immovable property can be forfeited by the seller if the former fails to pay the remaining sum, the Supreme Court has held. A bench of justices K S Radhakrishnan and Dipak Misra said the earnest money is given to bind the contract and the seller is entitled to forfeit it if the sale of an immovable property falls through due to the fault of t

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