Tenancy in Common (TIC) in Indian Real Estate:

Tenancy in Common (TIC) in Indian Real Estate: Tenancy in Common (TIC) is a legal arrangement in which two or more parties jointly own a piece of real property, such as a building or a parcel of land. This structure allows each party to hold a distinct share of the property, adding flexibility and shared responsibility to property ownership. A significant feature of a TIC is that any party can sell their share of the property independently and also reserve the right to pass on their share to their heirs, making it an attractive option for estate planning. Prevalence of Tenancy in Common in India: TIC arrangements are most prevalent in urban areas of India, especially in bustling cities like Mumbai, Delhi, Bengaluru, and Chennai. In these densely populated regions, where real estate prices can be prohibitive, TIC enables multiple investors to co-own properties, which makes it easier to enter the property market together. This arrangement is commonly utilized in residential complexes and...
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What are the details you need to enquire about before buying any kind of land?

Details required before buying any kind of land in India

Buying Land Is one of the most Lucrative yet most risky decision if we do not keep in mind the following factors:

Apart from enquiring about the title, mutation, current Possession and mortgage details of the property to be bought in case of Land A lot of additional enquiry need to be done for instance:

THE LAND:


1.Should not be community owned.

2.Should not be custodian land.

3.Should not be a land of any Religious Institution.

4.Should not be Najool Land(any land used by Govt for public purposes).

5.Should not be wakf board land.

6.Should not be land received in donation.

7.Should not be land allotted to Harijan Society by Government.

8.Should not come under Forest.

9.Should not belong to any Bankrupt company.

10.Should not be land acquisition land.

11.Should not be any Power of Attorney land.

12.Should not be any litigation land.


Apart from this a Zonal certificate is required as normally 40-50% of land go as wastage if there is no zonal certificate.

It is highly recommended that before buying a land you check all the above yourself and also with the help of a real estate agent and make sure that on purchase of it You seek proper legal advice from a lawyer so that you can be sure that you would be getting the minimum documents required for Registration which include allotment Letter, possession letter, original sale deed, registration tax payment receipt, index 2. Thanks.

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