Archive For The “Property” Category

Why is this French city so popular for property buyers right now?

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Why is this French city so popular for property buyers right now?

It’s a vibrant, student city less than an hour from Paris. But there are plenty other reasons why property investors can’t get enough of Tours right now. Tours may not be one of France’s most famous or important cities, and it’s perhaps this reason why it’s taken foreign and French investors so long to notice…

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Elderly man in Dubai risks losing Dh202,400 property deposit

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Elderly man in Dubai risks losing Dh202,400 property deposit

Dubai: An elderly man, who used his life-savings to make a Dh506,000 down payment on a Dh1.15 million villa, is seeking help after payment defaults mean he risks losing a substantial part of his deposit. Ex-banker Abdullah Khamis Bashammakh, 67, said he has had no income for the past four years and therefore cannot pay…

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Delhi: Man strangles mother to death with son’s help over property dispute

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Delhi: Man strangles mother to death with son’s help over property dispute

Police have arrested both the father and son for the murder. Aman with the help of his son strangled his mother to death over property dispute in Delhi’s Jyoti Nagar area. Police have arrested both the father and son for the murder. The deceased, 70-year-old Maya Devi lived with her family in Jyoti Nagar. She…

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Amitabh Bachchan to Divide Property Equally Between Son Abhishek and Daughter Shweta

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Amitabh Bachchan to Divide Property Equally Between Son Abhishek and Daughter Shweta

Amitabh Bachchan has revealed that his property will be divided equally between his son Abhishek and daughter Shweta. The Bollywood megastar often expresses love for his daughter on social media, and now, the Beti Bachao, Beti Padhao campaign ambassador has said that Abhishek alone will not have full authority to his property. Recently, on being…

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Rate cuts not enough to revive property market growth

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Rate cuts not enough to revive property market growth

Despite RBI slashing repo rate by 110 basis points so far this year, there would be no impact on the housing market: Reuters poll India’s liquidity-starved economy will restrain housing market activity and price rises in coming months and into 2020, according to a Reuters poll of property market experts who were skeptical aggressive interest…

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Explainer : Right Of Hindu Women To Property

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Explainer : Right Of Hindu Women To Property

Historically, and also ironically, women under Hindu Law were not entitled to any share in the immovable or movable property either as a daughter or as a wife, of their ancestors. However, in some capacities women were given the Right to Inherit property,but the same were only a limited right of enjoyment to the Property….

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Opinion | Nature and extent of daughters’ rights to HUF property still unclear

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Opinion | Nature and extent of daughters’ rights to HUF property still unclear

Inheritance laws in India, particularly those governing succession and inheritance among Hindu families, have conventionally been biased towards sons. Under the Hindu law, a property owned is classified as either ancestral or self-acquired. Ancestral property can be defined as the one which is inherited by up to four generations of male lineage and the right…

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Sobha to foray into Hyderabad and Delhi property market

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Sobha to foray into Hyderabad and Delhi property market

Bengaluru: Realty firm Sobha, known for its luxury apartments, is venturing into the Hyderabad and Delhi residential property market. The firm has entered into a joint development agreement with local landlords to build high-end apartment totalling 1.5mn sq ft in both cities. “We have seen good demand for the Rs 50 lakh to Rs 2 crore segment. The JD…

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Two years after MCG discovered property tax fraud, police are yet to submit report

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Two years after MCG discovered property tax fraud, police are yet to submit report

MCG officials on Saturday said that the Gurugram police are yet to complete their probe and, as such, no action has been taken in the matter. (HT image) Even two years after it was discovered that two employees of the Municipal Corporation of Gurugram (MCG) had allegedly changed the property type of 95 commercial properties…

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Why you shouldn’t rush to buy property in J&K

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Why you shouldn’t rush to buy property in J&K

Now that Article 35A, a law that debarred non-residents of Jammu and Kashmir from buying properties in the erstwhile state, has been revoked, people from other states can own immovable property in the newly carved Union territory. However, there’s not much clarity on how the move will pan out for investors. Two days after Article…

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Property tax: Mumbai’s flat owners, not buildings, to be taxed from now

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Property tax: Mumbai’s flat owners, not buildings, to be taxed from now

The city administration has decided to collect property tax from individual flats rather than entire buildings in a move anticipated to both hold the individual flat owner more accountable as well as facilitate the tax payment for Mumbaikars. The Brihanmumbai Municipal Corporation’s policy decision has been taken under section 155 of the Mumbai Municipal Corporation…

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Kashmir Article 370: Women cheer equal property rights

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Kashmir Article 370: Women cheer equal property rights

Bias ends against women who marry outsiders. Women in Jammu and Kashmir (J&K) can now buy real estate and transfer property to children, even if they get married to a non-resident as Article 35A has automatically become void with the scrapping of Article 370. Article 35A gives the J&K government the right to decide who…

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Article 370 revoked: J&K’s depressed property prices will shoot up 50%; locals to gain

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Article 370 revoked: J&K’s depressed property prices will shoot up 50%; locals to gain

The depressed property prices in Jammu and Kashmir will shoot up by up to 50 per cent because of the opening up of the realty market after the government’s decision to revoke Article 370. In Srinagar’s prime Pantha Chowk area, houses can be bought for as low as Rs 2,300 per sq ft. Besides local…

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75-year-old former journalist ill-treated by son, wills property to govt

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75-year-old former journalist ill-treated by son, wills property to govt

Distressed over the treatment meted out to him by his family, a 75-year-old former journalist, who lives in Muraripur village of Dasrathpur block, decided to name the state government as his property’s beneficiary. Former journalist Khetramohan Mishra has also expressed his wish that an old-age home to be built over his land. He has taken…

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