Show all posts in Buying A Property

Encumbrance Certificate: Flaws and Limitations

After months of research Vishal Das, a Bangalore based brand consultant, invested in a posh 3 BHK flat in an upscale locality. He bought it from an NRI who dutifully transferred all the necessary documents in Vishal’s name. An Encumbrance Certificate (EC) was also issued for a specific period. But little did both seller and...Read more

How To Insure Your Property

A large number of Indians opt for insurance policies on vehicles, valuables, and gadgets against loss, theft and other risks. But on an average, buying property is the largest financial investment made by most Indians with possibly the highest risk factors attached and yet does not see any penetration in the Home Insurance sector. The...Read more

Chennai devpt body seals three buildings that violated rules in George Town

CHENNAI: Cracking the whip on illegal constructions, the Chennai Metropolitan Development Authority (CMDA) on Friday sealed three multi-storey buildings in George Town area. While two of the the ground-plus-two-floor buildings that faced the axe are at Anna Pillai Street, the third is at Coral Merchant Street in Mannady. “These buildings got approvals for certain number...Read more