Agricultural land in general sense means an area of land used for agrarian utilization particularly for growing crops, rearing livestock with a common objective of providing food to humans. The United Nations Food and Agriculture Organization (FAO) claims agricultural land as the amalgamation of different types of lands which have been described hereinunder: This land... Continue Reading →
HOW TO CONVERT AGRICULTURAL LAND INTO NON-AGRICULTURAL LAND?
INTRODUCTION With the economic liberalization and globalization in 1990s, urbanization in India became a cake-walk. Cities are spreading and developing, acquiring the agricultural land for transforming into commercial and industrial projects. However, barren lands over fertile lands have always been preferable to use it for non-agricultural purposes. To delve deeper into this conception, let us... Continue Reading →
STAMP DUTY ON PROPERTY REGISTRATION
INTRODUCTION Out of many transactions that we come across in our life, one of the significant transactions relate to property which are of utmost value for our State. Hence State has always wanted to build a strong mechanism to synchronise such transactions with a motive of gaining some revenue through the form of stamp duty... Continue Reading →
CONSUMER LAWS RELATED TO PURCHASE OF PROPERTY
Introduction A ‘Consumer’ is an individual who buys goods and services for personal consumption in contradiction to manufacturers who produces the goods and services for profit earning. The Consumer protection Act, 2019 defines “consumer” as a person who buys any goods and hires or avails of any service for consideration but does not include a... Continue Reading →
PROCESS OF LAND ACQUISITION IN INDIA
Introduction The recent land acquisition issue of Greater Noida in 2011 or the Singur land acquisition case of West Bengal that shook the whole political scenario of India are some of the significant land acquisition instances picturised in India. In a densely populated country like India, land is indeed a scarce resource and the government... Continue Reading →
What Are Easement Rights?
MEANING Generally speaking, easement refers to the property right by way of nonpossessory interest held by someone to use the facilities on a certain premise for a certain purpose without any legal entitlement. According to Halsbury’ Laws of England, an easement is “a right annexed to land, to utilize other land of different ownership... Continue Reading →
SIMPLE MORTGAGE
MEANING OF MORTGAGE Mortgage is an agreement of transaction between a borrower and a lender where lender provides loan to the borrower against the security on an immovable property on a condition that in case of failure of repayment of the barrowed money including the interest if any the lender is entitled to take the... Continue Reading →
Fraudulent Transfer Of Property
Meaning The illegal transfer of property made with fraudulent intention to restrict and defeat the interest of the creditor or any subsequent transferee shall be voidable at the option of such creditor or transferee and such a transfer shall be viewed negatively on the grounds of equity and justice. This transfer is called ‘fraudulent transfer... Continue Reading →