Myshopdeal

Upon the death of an owner, will the rights in the property be transferred to a nominee or the successor to the property? We examine what the current legal standing on the issue is, after a landmark judgement from the Bombay High Court A legal question that has been put to test time and again before various courts, is whether the rights of nominees prevail over those of successors, in respect of various subjects of nomination, such as financial instruments, shares in a cooperative society, etc. A division bench (two-judge bench) of the Bombay High Court , comprising of Justice Oak and Justice Sayed, recently upheld the rights of successors over nominees. The court stated that the nominees are appointed, to ensure that the subject matter of the nomination is protected, until the legal heirs or legal representatives of the deceased take appropriate steps, such as obtaining probate of the will of the deceased or letters of administration of the estate of the deceased, to claim

The long term growth of the real estate market, depends a lot on how the home buyers are empowered to take decisions and given a platform to fight for their rights. Legal recourse is normally the last option for any home buyer, when something goes wrong. Nevertheless, there are several measures that buyers can take, to empower themselves. Home buyers also need to be proactive in their decision making, by using various new-age analytical tools available in the market. “Customers, today, are already taking informed decisions and making comparisons over digital and mobile platforms,” says Sumit Jain, national director – residential services, at Colliers International. Marketing that focuses on enhancing customers’ experience, is likely to become a key enabler and make easier for customers to evaluate purchases, adds Jain. Proactive steps required Home buyers should make regular visits to the project site, to verify that the construction is progressing as per schedule. “The

With numerous policy changes being announced in 2016, will the property market become more buyer friendly? We look at what home buyers expect in 2017 and whether developers can address these concerns, without any extra burden A majority of home buyers (as many as 82%), believe that the wide trust deficit between the builders and the buyers, can be bridged to a considerable extent, if the developers genuinely come forward for a dialogue to understand the home buyers’ point of view, according to a survey by real estate think-tank group, Track2Realty. More than seven out of 10 (72%), maintain that the buyer must have access to communicate with the builder throughout the project’s lifecycle. Nearly as many (68%) feel this will address conflicts, even if there are changes in the layout of the project. More than half of the home buyers feel that if the developer starts collaborating with the buyers, then, the buyers will also understand his point of view, in case of any delay, poli

World Trade Center, which is headquartered at New York, US, has a wide network of offices, spanning 90 countries across the globe with the core objective of promoting trade and investment opportunities. Apart from promoting business, the other striking feature of this organisation is it’s trade centres. Every World Trade Center Association’s project is an iconic structure, reflecting international standards of construction. WTCA, at present, is working towards strengthening its base in Asia-Pacific with a keen eye on India. It’s rising interest in Indian market is visible in the number of projects that the association is planning to launch and has even launched in the country. Did you know that the first ever WTC in India was launched back in 1970 in Mumbai. Now, the association has tied up with Viridian Group to promote and develop the projects in the country. PropGuide lists the major WTC projects in India which were launched in the country recently. WTC Noida Stra

Homes tend to reflect our times, with a blend of traditional aspects, modern design and new-age technology. Here’s a look at some of the home décor trends that are likely to dominate the new year Natural home décor materials will be in demand in 2017 Materials such as stone, colourful granite and terracotta, are making a comeback in the interior designing space. These materials are ideal for minimalistic and contemporary forms of design and can be modified to suit one’s needs, shares architect Ricky Doshi, founder of ARD Studio. “The durability of these materials, has helped them to make a comeback. For example, crushed pieces of stone, can be moulded together to form any desired shape, while maintaining its traditional properties. Such modifications, also helps give designs a more rustic look. We have seen such décor in restaurants and lounges, in 2016, where a combination of natural materials like stone, brick, bamboo and jute have been used, to create an aesthetic loo

The next year various states will finalise and set up regulator for the sector and developers are expected to focus more on deliveries than new launches to reduce inventory levels. BENGALURU | MUMBAI  : The year 2016 was an inflection point for the real estate sector and with Real Estate Regulatory Act (RERA) becoming a reality, rising consumer activism and highvalue currency demonetisation that hit cash transaction oriented sector hard is easily a watershed year. All of these factors have contributed in laying foundation to take realty , which laying foundation to take realty, which has so far remained saddled with unethical practices, towards much-needed transparency and providing comfort and legal cushion to homebuyers . The next year various states will finalise and set up regulator for the sector and developers are expected to focus more on deliveries than new launches to reduce inventory levels. Home buyers will benefit immensely with affordability set to increase and h