Raman Batliwala

Civil Engineer

Questions Asked

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Answered on November 08, 2017
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  • The property is situtated in India and therefore capital gains tax will arise on this transaction. The buyer will have to deduct TDS as per provisions of section 195 of the Income Tax Act since you are NRI.

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    Answered on November 08, 2017
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  • Intimation of Disapproval (IOD). The Term is Derived from the MMC Act 1888 during the British Era hence the Language Disapproval. During British Era in India More particularly in Mumbai Birtish used to Intimate Disapproval and on Compliance of the Disapproval conditions used to grant CC (Commencement Certificate for Construction.

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    Answered on November 08, 2017
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  • You have to check the lease document, whether any such conditions are mentioned requiring consent of the owner in case of the redevelopment. sometimes the lease is executed in favour of the society for 99 or 999 years with complete right of the redevelopment.

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    Answered on November 08, 2017
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  • Registration charges of 1% of agreement value shall need to be paid again, plus in case of a gift from one brother to another, it will be treated as a gift deed and 3% stamp duty of agreement value shall also need to be paid

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    Answered on November 08, 2017
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  • Mumbai has been the major attraction for immigrants from rest of the country because of its fast overall developement and high employment opportunities. Few reasons influencing no reduction in property prices : a) The constant need of migrators to Mumbai encourages landlords to hold on to high prices. b) There has been constant increase in premiums payable to MCGM ; c) Cost of construction has ...
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    Answered on November 08, 2017
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  • The original certificates of Architect, Accountant and Engineer have to be retained by the promoter because the same are required to be verified and audited by the statutory auditor of the promoter's company within 6 months of every financial year.