Pune Real Estate And Property Lawyers

Helpline Law is a well-recognized and highly recommended platform to connect to quality Property Lawyers in Pune. These lawyers work closely with a number of Indian Law Attorneys financers, investors, realtors, corporate and individual developers, stakeholders in both international and domestic markets in all kinds of real estate transactions striving for maximum return with minimum risk exposure. They can guide you about applicable laws such as stamp duties and requirements of registration. Property Lawyers in our database will assist you in getting licensing and regulatory approvals required from government and statutory agencies. Our lawyers have represented owners, developers, secured lenders, loan participants, government bodies, bondholders, borrowers, landlords, tenants.

Some of the specialized services offered by the real estate lawyer are:

  • Conducting due diligence investigation in a commercial or industrial real estate transaction to discover all material facts and conditions affecting the Property and the transaction
  • Exposition services for registration of properties at sub-registrar offices
  • Rendering service to clients to receive various approvals/permission/licenses from authorities concerned
  • Vetting, conveyance, drafting and interpretation of various types of contracts/annexure such as co-partnership, joint venture, consortium, sale deed, lease deed, general power of attorney, builder buyer agreement, special power of attorney and other legal documents
  • Evaluating and verifying title deeds, conducting title search/title inquiry of properties all over India
  • Handling legal aspects of project sanctioning, housing loan and other types of cases involving mortgage
  • Providing services to oversees clients in fulfilling post-disbursement requirements
  • Recommending clients beyond the basic legal requirements while acquiring, disposing and transferring properties
  • Making risk assessments, advising on the compliance of different environmental laws, obtaining allowance and approvals from the authorities concerned
  • Offering consultation on tax planning related to transactions to bring down tax liability

In addition to the above, lawyers also provides dispute resolution services, which includes regional and multi-jurisdictional litigation and arbitration, as well as other forms of alternative dispute resolution and associated legal services. Where a foreign entity is involved with a domestic business, these Pune based property lawyers work closely with international law firms or consulting firms to provide a single point of contact with the client.

Various laws that govern the Real Estate sector:

We have the Transfer of Property Act, which deals with both movable and immovable property, and the Indian Easements Act, both effective from 1882; the Registration Act, again which is old from 1908; the Slum Areas (Improvement and Clearance) Act which was passed in 1956, and the not so old Environment (Protection) Act 1986 and the Forest (Conservation) Act of 1980; and then the very recent Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act of 2013, and Real Estate (Regulation and Development) Act 2016 and the Benami Transactions (Prohibition) Amendment Act, which came into effect on 1st November 2016; and the Indian Stamp Act 1899 which is also old but has been amended several times by various States; and the Special Economic Zones Act of 2005. And of course there are other municipal and local laws.

Real Estate (Regulation and Development Act), 2016:

RERA stands for Real Estate Regulatory Act. The bill was passed by the Rajya Sabha on 10th March 2016 and by the Lok Sabha on 15th March 2016. The Act came into force on 1st May 2016 with 59 of 92 sections notified. The Union Ministry of Housing and Urban Poverty Alleviation had given time till May 1st 2017, to formulate and notify rules for the functioning of the regulator and hence the remaining provisions came into force on 1st May 2017.

The aims of the Act are-

  • Protect the home buyers from unscrupulous builders.
  • Increase investment in the real estate industry.
  • To regulate the real estate sector of India.
  • Impose penalties on errant builders.
  • Bring transparency and accountability in the real estate industry.
  • Stabilize housing prices. It will lead to enhanced activity in the sector, leading to more housing units being supplied to the market.

RERA aims to address issues like delay in transfer of possession, dispute over prices, quality of construction and the construction material etc. Delay in projects is the biggest issue faced by the buyers. Since the last 10 years, many projects have seen delays of up to 7 years. The reasons include diversion of funds to other projects, changes in regulations by authorities. In many places, land acquisition becomes an issue. Errant builders often sell projects to investors without the approval of plans, unauthorized increase, bad quality of construction, projects stuck in litigation etc. This is where the provisions of RERA come into the role of a saviour.

Moreover, the real estate sector of India is largely unregulated. If a consumer had a complaint against a developer they would have to make rounds of consumer or civil courts. Now, in the case of any grievance, the consumer can go to the real estate regulator for redressal.

Property lawyers represent both, corporate commercial and private property owners, in handling commercial and domestic purchases and sales, mortgages, gifts and leasehold transactions. They assist with drafting of lease deeds, sale or purchase deeds, mortgage deeds, title deeds and gift deeds.

Address of Tribunals & Courts in Pune for processing real estate/property appeals:

Maharashtra Real Estate Regulatory Authority (Pune Division Office)Address: 109 to 113, First Floor,
Sayajirao Gaikwad Udyog Bhavan,
Aundh, Pune-411007, India
District CourtAddress: Nyaymurti Ranade Path, Shivaji Nagar, Pune-411005, India

Real Estate lawyers in our database understand the commercial and practical concerns of the property sector and try to help clients avoid disputes in the first place. However, if that is not possible, they use their skills in negotiation, alternative dispute resolution and property litigation to resolve matters quickly and efficiently. They work closely with their clients in order to understand the issues they face and find workable, cost-effective solutions.

For powerful advocacy in real property disputes, contact Helpline Law that will connect you with the most suitable real estate lawyer.