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difference between freehold and leasehold property

What is Freehold & Leasehold Property ?

In India, there are two major types of property ownerships i.e. freehold and leasehold properties. The major difference between freehold and leasehold property in India is the ownership tenure. In case of a freehold property, the land ownership stays with the owner for an indefinite period of time. Whereas, in a leasehold property, the ownership of the land stays with the owner for the period mentioned...

Steps to Investigate the title of the property

Investigation of title is very essential since the ownership of the property is required to be complete, fair & free from any doubts, risks & interest. The purchaser must take all necessary steps at the time of acquiring property to obtain a good & clear title of the land. When search is conducted unto the property of the person who owns it, it is called the Investigation of Title. It is also...

Non Resident Indian Buying Property in India

NRIs buying property in India

Key things NRIs should keep in mind while buying property in India At one point in time, buying real estate property in India used to be a complex job. With specific legal reform over the years, it is now a seamless process. According to foreign exchange management act (FEMA) – a non-resident Indian is a resident outside of India for more than 182 days. RBI governs transactions like buying real...