Real estate rules are being consolidated and strengthened by laws like RERA in an effort to stop fraud and mesmerization. However, today’s clients are more exposed due to unlawful activity. There is a need to protect a buyer who has made their life’s largest investment, despite the government’s efforts to ensure that real estate building is finished within a specified timetable through various Infrastructure funds, Housing Finance Companies, REITs, etc. Illegal land acquisition, a protracted gestation period, and rule violations are the main problems in the real estate sector. Construction stops, and the contracting company’s malign goal is to significantly postpone the delivery of the property. Stronger legal steps that can prevent any form of vulnerability are required for this goal. The top real estate law company in Delhi NCR, Sure Fire Law Firm, is available if you run into any such problems.
Why is the Real Estate Sector in India so much into the national scene?
Given that India’s population will surpass China in a few years, the real estate market is no less than a dawn. It is imperative to provide such a large population with necessities like a home. Under its flagship initiative, PMAY, the Central Government has been continually striving toward the goal of “Housing for All” (Pradhanmantri Awas Yojana). In addition to this, the Model Tenancy Act is continually being strengthened. By the end of this decade, the real estate industry is predicted to reach $1 trillion in sales. Thus, the real estate industry will contribute 13% of India’s GDP somewhere around 2025 or 2026.
Laws Related to Real Estate Sector in India
The real estate sector has been one of the domains that have got packed with air-tight regulations like the following:
- RERA (Real Estate Regulation & Development Act), 2016
- Right to Fair Compensation & Transparency in Land Acquisition, Rehabilitation, and Resettlement Act, 2013
- Transfer of Property Act, 1882
- Registration Act, 1908
In addition to these, there was a fundamental right that we have got through our Constitution which was later scrapped by the 44th Constitutional Amendment, 1978, and placed the same into legal rights. All these laws ensure that both buyers and sellers’ interests get full protection. But, to ensure no one can misuse the property that you have in Delhi, you can go for a real estate lawyer in Delhi, India.
Traits of a Real Estate Lawyer
A professional lawyer must first familiarise themselves with the laws of any nation in the area of law that they practise the majority of the time. In addition to this, a lawyer must frame a nudge or a question to make sure they direct the course of any court proceedings and justice is on their client’s side. For this reason, a lawyer needs to be able to comprehend even the most complex pieces of evidence. It also means a lot to a real estate lawyer because it may take a long time for these civil lawsuits to reach a satisfactory conclusion. They should therefore be prepared with persuasive information and figures that can persuade the courts to give judgements more quickly. You must be wise and clever to select the top real estate attorney in Delhi, India, if you require one.
How should a Real Estate Lawyer perform?
Once a real estate lawyer in Delhi, India, registers a client’s request, they must prepare extensive paperwork. Documentation is one of the most important factors when it comes to properties. If the document relates to the transfer of property, the attorney must evaluate the purchase agreement to make sure that their client won’t be at danger of doing so. To demonstrate it in court, the attorney in a real estate purchase lawsuit must also determine that there has been a valid financial transaction. In addition, a real estate attorney must determine whether or not the seller is giving the sellers copies of their insurance policies.
Areas of Real Estate Sector Practiced – Best Real Estate Law Company in Delhi
Conclusion
Sure Fire Law has empowered pan-India to get online consultations related to property matters and disputes. All you need to do is visit the website and book an appointment online. The legal team will handle the rest.
Also Read: Best Law Firm In Delhi NCR
