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Rules regarding property ownership by NRIs in India

The other day Tamanna, my schoolmate who migrated to Austria after her marriage, asked me if she is entitled to buy property in India. She wasn't too sure if she could buy property here, now that her husband had acquired an Austrian citizenship.

Two of the three judges caught in the row, Panayot Genkov (left) and Andrei Ikonomov (right), en route to being heard by the Supreme Judicial Council ethics committee in this file photo from May 31 2010.

Bulgaria's Supreme Administrative Court (SAC) ruled to overturn disciplinary punishments meted to three top magistrates, who had exploited regulations aimed at helping financially-disadvantaged people, to acquire lucrative plots of land in one of the country's Black Sea resorts.

Property insurance firms merge Property insurance firms merge

The company said that, in the wake of a growing lettings market, the merger combines the strengths of two major specialist providers of risk management and insurance solutions for the residential and commercial property markets.

Ron Allan Hatcher was slapped with a one-year suspension for professional misconduct.

He was deceptive, dishonest and “grossly deficient.” He concocted “sham” deals. He “lied” to lenders.

The Shard tower, center, is seen under construction near office buildings in London.

European landlords have 582.7 billion euros ($779 billion) of commercial property debt maturing by the end of 2013 at the same time regulators are urging banks to shrink their balance sheets.

Shanghai Reiterates Property Curbs Haven’t Changed After Reports of Easing

Shanghai reiterated its property curbs late yesterday after a state-run newspaper reported that China’s financial center was easing measures to allow a broader pool of people to buy second homes.

There may be as many as 300,000 'illegal' homes across the Andalucia region in Spain Photo: Design Pics Inc/Rex Features

The property in Albox, Andalucía, is part of a group of homes served with demolition orders in 2012. The couple, who do not wish to be identified at this stage, built the property in 2002 and say that they believed that they had planning permission from the local council and all the necessary paperwork.

Downer: Cyprus leaders to focus on the property issue

The leaders of the two communities in Cyprus will be focusing on the issue of Property during their next two meetings in the context of the UN-led direct talks to solve the Cyprus problem.

Welcome reprieve for Emirati investors

Orlando Crowcroft, Gulf News 19.02.2012
Aviva backs real estate investments in 2012 Aviva backs real estate investments in 2012

Aviva says returns in the real estate market this year will come from focusing on quality assets that provide secure income streams and are low in risk.

The softening of the UAE property market had negative consequences for Emiratis as well since, unlike expatriates, they could not simply get on a plane and never come back.

Dubai: Emiratis were by no means alone in being hit by the plunge of Dubai's property market, when both novices and experienced investors were stung by flipping one apartment too many.

Two L.A. Law firms Make Big Personnel Moves

Natalie Dolce GlobeSt 16.02.2012
Sheppard, Mullin, Richter & Hampton elevates 12 of its attorneys to partner; while Seyfarth Shaw LLP adds a six-attorney group to its real estate practice.

LOS ANGELES-Things are moving in the L.A. commercial real estate law world. Just this week, law firm Sheppard, Mullin, Richter & Hampton LLP elevated 12 of its attorneys to partner; while law firm Seyfarth Shaw LLP added a six-attorney group to its real estate practice.

The streets of Poland's capital, Warsaw.

New proposal will move compensation cases for property lost under Nazis and Communists from public committees to court system; Jewish groups in Poland say they will not accept changes.

City Councilman James Oddo tries to decipher his tax assessment in front of his new home in Dongan Hills.

STATEN ISLAND, N.Y. -- The market value of some Staten Island homes increased. Others decreased. Either way, the assessments have spiked and so too will the property taxes.

People walk past a Royal Bank of Scotland (RBS) building in the City of London January 12, 2012.

(Reuters) - Europe's banks face growing pressure to offload bad property debt as the economic outlook worsens, capital rules get tougher and private equity firms take a hard-headed approach to the value of loan books bought from lenders like Royal Bank of Scotland.

Understand the taxes on your property

Indian Express 11.02.2012
Property Insurance Rates Rise Across the Board in January

Rates on commercial all-risk property policies saw across-the-board increases in January, climbing by close to 6 percent in some cases, says insurance broker Marsh.

Understand the taxes on your property

It’s the tax season and it’s time to explore various facets of tax planning and educate yourself on the various nuances of tax on property. This article discusses taxes on rental income from a house and the capital gains from the possible sale of a house.

Spain’s Property Purge No Panacea for Loan Drought

Spain’s bid to unblock the flow of credit to its economy by imposing 50 billion euros ($66 billion) of charges on banks for their real estate may not be enough to make them lend and persuade consumers to borrow.

Rows over service fees have surged in the wake of Dubai's property crash

Property experts in Dubai are calling for more clarity in legal proceedings and quicker resolutions for real estate disputes, as a flurry of investors seek refunds and compensation from developers.

Reserve Bank puts new clamp on home loans

Business Standard 06.02.2012
 
Reserve Bank puts new clamp on home loans

The Reserve Bank of India’s latest notification to banks, to exclude stamp duty, registration and like charges while calculating the value of a property they intend to finance could lead to a further decline in home sales in the lower and medium segments, say developers and consultants.

 
 

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