Description: 

Real estate has witnessed phenomenal growth in recent years all over the world. This growth can be attributed to the growing retail, hospitality and entertainment industries, economic services and information technology (IT)-enabled services. According to industry approximates, about two hundred and fifty ancillary industries are dependent on the real estate industry. This handbook, written in the Indian context, comes at a most appropriate time to serve as a guide to modes of acquisition, transfer and the implications thereof, and disposal of real estate from all relevant legal perspectives, both for foreign and domestic investors.

Written in clear and lucid style, the handbook explains the property laws and suttees through a textual treatment, describing the complicated laws in an understandable and contemporary manner. It is an attempt to create cohesive fusion between traditional laws like Transfer of Property Act, 1882 and modern laws relating to foreign exchange such as the Foreign Exchange Management Act, 1999. Real estate transactions have been dealt with under various heads like sale, mortgage, lease, gift, exchange and inheritance. Complexities of inheritance have been taken up vis-à-vis personal laws touching upon testamentary and non-testamentary succession. The exhaustive list of annexure appended to the book including state-wise list of stamp duties for conveyance, checklists for purchase and sale, lease and mortgage of immovable property, will act as a ready reckoner for professional and lay persons alike. The model forms covering agreement to sell, deed of mortgage of house and lands, mortgage by conditional sale, usufructuary mortgage, English mortgage deed, lease deed, agreement for exchange, will and gift deed etc., makes this handbook a richly varied and detailed account on the topic of real estate.

The handbook will be of immeasurable value to real estate agents, corporate counsel, investors, legal practitioners, government officials, students of law and those pursuing real estate management courses. Even for lay persons planning to invest in real estate, the handbook will act as a guide and will be of immense assistance in providing knowledge about finer legal aspects involved in real estate.