Understanding property attachment as defined by the Code of Civil Procedure (CPC) is crucial for real estate buyers in India. It safeguards buyers from legal disputes and ensures secure transactions.
Delhi government restricts property transactions to registered deeds only, banning General Power of Attorney (GPA) sales based on a Supreme Court order.
1% TDS proposed on property transfers exceeding ₹50 lakh in urban areas and ₹20 lakh elsewhere, effective October 1. The move aims to curb unaccounted money.
Around 660 IAS officers failed to submit property statements, revealing Greater Noida as a preferred investment hub. Several officers possess multiple properties, while some haven't disclosed current market values.
RBI restricts Urban Co-operative Banks' real estate exposure to 15% of total deposits, impacting commercial and housing loans.
Delhi Cabinet approves first property registration fee hike in 45 years, aiming to boost revenue collection from ₹1.5 crore to ₹100 crore annually.
Savvy property investors utilized equity markets to reduce tax on gains, offsetting derivatives losses against short-term capital gains from property transactions.