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Property

FERA

Welcome to our lesson on the Foreign Exchange Regulation Act (FERA) of 1973. This act was put in place to regulate various financial transactions related to foreign exchange, securities, and the import/export of currency. It also addresses the acquisition of immovable property by foreigners. It is important to note that under Section 31 (1) of FERA, foreign corporations that are not incorporated in India must obtain permission from the Reserve Bank of India (RBI) before acquiring, holding, transferring, or disposing of any immovable property in India, except for a lease of up to five years.

Landlord

A landlord is the individual who holds an interest in a piece of land and chooses to grant exclusive possession of all or a portion of that land to another individual, refer...

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Zoning

Land use zoning is a fundamental concept in the field of planning. It refers to the process of classifying a geographical area into distinct zones, each designated for a spe...

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Value

There is a concept in finance called "fair market value." It refers to the estimated price that a property or asset could potentially sell for if it were to be sold at the r...

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Mortgage

A mortgage is a financial arrangement where a borrower pledges their freehold or leasehold property as collateral for a loan. This allows the lender, also known as the mortg...

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