House / Villas for sale near Oaktree International School Ib Kolkata Kolkata

A property or a land parcel inherited up to four generations of male lineage is regarded as an ancestral property. According to the Hindu Succession (Amendment) Act, 2005, daughters have equal rights over an undivided ancestral property. A father who is the current owner of a family property must share ownership rights with his son, provided the share of the former is decided first after which the successive generations can subdivide the portion from their corresponding predecessor. Such properties cannot be sold without the successors’ consent and can be reclaimed by filing a suit for partition in a court.

Apartments and flats come at a lower price, but independent houses have their benefits. There are marked differences between the two. MakaanIQ explains the differences between the two to help you make a wiser buying decision.

MakaaniQ shares the ways through which you can add the elephant theme into your home décor.

Through an order in 2011, the Supreme Court held that transferring property title through a general power of attorney was not valid. The top court directed municipal bodies not to register/mutate properties based on these documents. Following the order, states banned the registration of properties sold through GPA. The SC, however, said that genuine transactions carried out through GPA would be valid. In light of this, should you be entering property transactions that involve sale through power of attorney? Let us find out.

MakaanIQ on how Power of Attorney helps NRIs manage their assets in the country of their origin.