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Understanding Modern Real Estate Law in India

Real Estate Law remains unique for different nations. As far as Indian real estate laws are concerned, it remains different for properties that are promoted and properties that bear individual ownership.

The recurring changes and outlook of property development have brought in some changes in legal aspects as well. As a result of that Indian Government has paved way for safe property solutions for both the parties.

Land acquisition is the initial formality followed in property development sector. The property developer should obtain appropriate permission from the local authority showing details of registration, transaction and ownership. Similarly, enclosing the project plan including survey details, government approval for the plan, etc are considered mandatory to safe realty.

Environment laws includes safe working atmosphere for labors and provision of seawage or drainage treatment plant, rain water harvesting, etc for the inhabitants. Apart from that in recent days, real estate projects that are planned with more space for landscaping have greater chances to get approved easily.

Construction laws are designed to make sure of the planning and subsequent development of the proposed site provided the property developer should maintain proper certifications and construction approval from the Government including approval for safe construction environment. Registration laws have made it compulsory for both the parties to provide evidential proofs including evidence of transaction while acquiring property in their names.

In earlier days registration of property was done only after paying either advance amount of full and final settlement. However, with changes have been made in real estate development industry, sale agreement has been made compulsory for the real estate developer and the buyer before any advance amount is paid. This has certainly created a save way of transaction adding good scope and faith on property investment.

In recent days real estate companies have been asked to register the property development project before they start with marketing or advertising. As per Indian Government is concerned, the registration will be considered to have power only for two years.

A reputed company can be easily identified through the number of successful projects they have offered. Similarly, it is also better to choose a company that provides affordable housing projects by pertaining to the legal aspects. Pacifica Companies is one that belongs to the above category.

When it comes to strictly adhering to rules and regulations, Pacifica Companies stays in the leading position in offering reliable projects for property development. Our residential projects in Hyderabad, Ahmedabad, Chennai, Bangalore and many more Indian cities explains how much we abide by real estate laws and regulations.

We provide 2, 3 and 4 bhk luxury apartments in Ahmedabad, Baroda, Chennai, Vadodara, etc. People who are in search of buying residential property or villas or spacious apartments in Indian cities can easily choose one from our project and our projects are planned as per legal perspectives.

Modern real estate law in India has many aspects to develop safe and reliable property development. It also remains favorable for buyers and sellers.

This article has been written by working with Pacifica Companies. Pacifica Companies is a US based real estate company known for its world-class construction projects across US and India. Various innovative residential and commercial projects like apartments, township homes, bungalows, villas, IT parks, mixed use projects and commercial buildings complete the diverse portfolio of the builder.

 
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