Property in Ooty

MakaanIQ gives you an all-round perspective of both the cities to help you take the final call.

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.

Execution of the sale deed is technically the concluding part of a property-purchase process. Let us see what all a sale deed consists of and how it is executed.

MakaanIQ shares the process of how you could pay your property tax online. Go to www.mcdpropertytax.in, the property tax payment site of the Municipal Corporation of Delhi. Remember to check all the pre-filled data because it is on the basis of these that you get certain rebates on your property tax.

Government-owned NBCC along with Kotak Investment, Singapore-based Cube Highways and Suraksha Group have been shortlisted to acquire debt-laden Jaypee Infratech. Currently, insolvency proceedings against the company are underway in the National Company Law Tribunal. Last year, when Lakshadweep Pvt Ltd, a joint venture between Sudhir Valia-led Suraksha Asset Reconstruction Company and Mumbai-based Dosti Realty, won the bid to buy the company for Rs 7,350 crore, Jaypee declined the offer on the grounds of undervaluation.