Key Points • The self-dealing rule does not extend to a sale by a receiver to a party in which the mortgagee has an interest. • Although the duties of a receiver and a mortgagee are similar as to the Property, a receiver, unlike a mortgage...
One of the major challenges posed by the rapid growth in the use of AI is whether or not existing IP systems are adequate to deal with the ownership and exploitation of AI-assisted and AI-generated products, processes, works and designs, which is so...
Introduction Given the evolving picture on COVID-19 and its impact on the UK economy there are a number of points which property fund managers should be considering in light of the FCA’s recent statements specifically on the virus and their p...
For years, Western companies have struggled to profit from a Chinese consumer market that thrives on cheap knock-offs of iconic brands. But that frustration is now turning into optimism, as local courts begin to stamp out thieves and cheats, lawyers say.More companies are filing intellectual property (IP) lawsuits amid a shift in attitude towards protecting original ideas, trademarks and patents, according to official data. The rush has accelerated after the phase-one trade deal in the US-China…
CHENNAI: As if land grab bids and ‘double documents’ are not menace enough for property owners/buyers, the state registration department shocked the Madras high court on Monday, saying it is difficult to issue encumbrance certificates without any fault. An encumbrance certificate (EC) is the basic document which reveals the current status of an immovable property. It is supposed to contain correct ownership details of a piece of property and inform the applicant whether it is encumbered or mortgaged in favour of a bank or any individual. However, responding to an anticipatory bail petition of a landowner who ended up purchasing another person’s property as the EC did not reflect latest […]
CHENNAI: The Kotturpuram branch of Indian Bank has invited tenders for auction of a property belonging to film producer and director Gautham Vasudev Menon in Adyar. As per details on Tenders India (a government tender information system), the auction process for the property located on First Main Road in Indira Nagar, has begun with the tender value being quoted at 12.26 crore. The winning bidder, expected to put up 50 lakh as a deposit. The property is 7,091 sqft, and the market price of each ground (2,400 sqft) in the area is 4.5 crore to 5 crore. “This particular account has been a non-performing asset (NPA) for some time and […]
Mumbai: During 1Q 2014, the Mumbai office markets witnessed a further decline in office space absorption indicating cautious occupier sentiment. This lack of demand can be attributed to a low level of IT/ITeS sector participation in the overall absorption, which is currently the primary demand generating sector across the cities. This quarter only about 0.42 million sq ft of Grade A office space was leased with a few mid-sized deals concluded in Central and Western Suburbs, and Navi Mumbai. Construction activities remained slow. No projects / phases of projects were completed this quarter. Developers also refrained from launching new projects due to low demand. More than 7.5 million sq ft […]
BANGALORE: Online real estate portal CommonFloor has raised $30 million (over Rs180 crore) in its fifth round from existing investor Tiger Global. In January, the Bangalore-based company had raised about Rs 65 crore from Tiger Global and Accel Partners. Sumit Jain, cofounder and chief executive officer of CommonFloor, confirmed the investment. “We will invest in technology, product development, hiring and expanding to at least 22 new cities in the next one year,” he said. While the company did not disclose the valuation it received, Jain said that Common Floor expects to earn a revenue of $25 million in the next one year. “We have grown 100% in terms of revenue […]
Dentons’ Real Estate team advised CPI Property Group (CPI), the largest commercial property owner in the Czech Republic, Berlin and the CEE region, on the acquisition of a 50.3% share in the ownership of Chałubińskiego 8 office building in Warsaw. The divestment was made by First Property Group, an investment company and the manager of real estate funds operating in Great Britain and Central Europe.
The 2020/ 21 edition of IP Stars, the leading specialist guide to IP firms and practitioners worldwide developed by Managing IP, has recognized 33 of Dentons’ global Intellectual Property practitioners for their outstanding experience in contentious and non-contentious IP advice in the areas of trade mark and patent work.
Desi billionaires hold 44 per cent of their wealth in property, while the global average is 24 per cent. From Africa to America, the rich world-over have their wealth where their heart is — in their homes. Nearly a third of the wealth held by the super-rich (those with over $30 million of assets) in Europe is locked in real estate assets worth $2,391 billion, according to data from Savills, a global property consultant. The Asians are second, with $1,800 billion, or nearly 27 per cent of their wealth, in property. Over-investment The super-rich in India, as expected, beat the global averages by a big margin. Nearly 44 per cent […]
A reverse mortgage is a special type of loan against a home that allows the borrower to convert a portion of the equity in the property into cash. The equity built up over many years of home loan payments can be paid directly to the borrower. However, unlike a traditional home equity loan no repayment is required until the borrower(s) cease to use the home as their principal residence. With a traditional second mortgage, or a home equity line of credit, one must show sufficient income versus debt ratio to qualify for such a loan, and needs to make monthly payments towards the mortgage. Reverse mortgage differs in that it […]
KOCHI: You have got some disposable amount, and want to own a real estate asset abroad. Now, it is possible as the Reserve Bank of India (RBI) allows resident Indians to remit money abroad for the purchase of immovable properties. According to a new RBI directive, banks are allowed to remit up to US$125,000 (around Rs 75 lakh) every financial year for any permitted current or capital account transaction, or a combination of both. The money can be used for purchasing immovable property outside India. Financial experts point out that the new norms might be helpful for the state as it would be easier for Keralites to spot properties due […]
Bangalore/Mumbai: HDFC Property Fund, the private equity arm of Housing Development Finance Corp. Ltd, has raised $250 million (around `1,500 crore today) through an offshore fund. It hopes to raise another $150 million by the end of the year, said a person directly familiar with the development who did not want to be named. On Friday, HDFC Property Fund informed the BSE that it had raised the capital through its second international fund, saying “the recently closed fund will focus on investing primarily in residential property developments in major cities across Indiaâ€. The cumulative assets under management now exceed $1 billion, the statement added. The new fund, which started raising […]
HYDERABAD: Forcible land acquisition has returned to haunt property owners on St Mary’s Road in Secunderabad, who are likely to face the bulldozers for the second time in less than eight years. Incidentally, a sweet shop owner had committed suicide after the lost his only means of livelihood in the first round of acquisition. The arterial road from Secunderabad railway station to Clock Tower was expanded in 2005 by acquiring the properties from 70 owners so that it could be widened from 60 feet to 120 feet. This time, the acquisition is because the metro rail corridor II (JBS-Falaknuma) passes through this road. The Greater Hyderabad Municipal Corporation (GHMC) has […]
Bengal has rationalised property valuation by doing away with the discrepancies between the registration authorities and their actual market value. The move comes into effect across Kolkata and suburbs , sources in real estate body Credai said. Earlier, the registered value of a property was anywhere between 10 and 50 per cent higher than the prevailing market rate. The difference between the market rate and the registered value was deemed as income and taxed. “As a result of this discrepancy many people were either holding back their purchases or not registering their properties ,†Harsh Patodia, President, CREDAI-Bengal, said. http://www.thehindubusinessline.com/news/credai-hails-rationalisation-of-property-valuations-in-bengal/article5614557.ece
HOWRAH: With an eye on boosting revenue, the Howrah Municipal Corporation announced a partial waiver for property and commercial tax on Tuesday. Under the waiver scheme, no penalty or interest need to be paid. The KMC has already enforced such a scheme and has benefited greatly, said Howrah mayor Rathin Chakraborty. He said the last board, controlled by the Left Front, bungled in tax collection, resulting in tax default of around Rs 200 crore. “The state is supporting us, but we must be self-sufficient. The tax outstanding will be collected without burdening civilians,” the mayor added. http://timesofindia.indiatimes.com/city/kolkata/Howrah-Municipal-Corporation-announces-partial-waiver-of-property-and-commercial-tax/articleshow/31431111.cms
Kolkata is all set to turn into a blue-and-white city during the Mamata government. The Kolkata Municipal Corporation (KMC) announced Monday that if you paint your house’ exterior blue-and-white, you will be fully exempted from paying property tax to the government. The Trinamool Congress-run KMC has come up with a proposal to waive the property tax for 2014-15 if a residential building or house is painted in the party’s favorite color combination — white and sky blue. “We will allow full waiver of property tax for 2014-15 if anybody wishes to paint his/her house or even apartment buildings, of course residential, in white and sky blue – the theme color […]
PUNE: Across the city, the rush to pay the annual property tax in advance and avail the discount has swelled the Pune Municipal Corporation coffers. Over 4.50 lakh property owners, who paid the tax before May 31 and availed of the 10% discount, helped the civic body collect Rs 400 crore in two months. “More than 50% of property owners paid the tax in the first two months of the new financial year. The good response to the scheme is due to the awareness programmes the administration undertook. The efforts to provide bills at the doorstep of residents helped boost collection. A maximum number of bills were sent to the […]
Few that have bought or even rented real estate in India would be surprised by a recent survey showing the property market here can be maddeningly murky. Jones Lang LaSalle’s Global Real Estate Transparency Index showed that while things have improved, Indian cities still have to work on transparency. The Chicago-based real-estate consultant said India needs to go further to create more clarity on the rules connected to property purchases and real estate prices. “India still scores among the lowest in the transparency of its transaction process,†the report said. Jones Lang LaSalle looked at just over 100 markets around the world and rated them on a dozen parameters ranging […]
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According to Batdongsan.com.vn’s real estate market Q3-2019, Ho Chi Minh City’s District 1 saw the highest housing listing prices in the third quarter due to limited supply.
Government of Central province Khanh Hoa has just asked a property developer to terminate 20 contracts selling apartments to foreigners as the sale was unauthorized.
Competition ushers in new era to recognise the country’s standout real estate projects and senior leaders.
Bearing in mind that maintaining a united front against the virus can bode well for the country.
Honouring real estate developers who are relentless in their pursuit to be socially and environmentally responsible.
As they implement stricter measures and distribute millions worth of donations to communities in need.
Hearing the kingdom’s cry for help, these developers are offering their resources to everyone in need.
The amended 2014 Housing Law, which took effect from July 1, 2015, allows foreign individuals and organizations to own property in Vietnam. The more "open" regulations of the Law have created new demand and momentum for the local real estate market. Here are the latest updates on Vietnam property foreign ownership that you need to know.
If you do not want to pay appraisal fee to the third party nor incur losses, here are 4 ways to determine value of a property yourself before entering a transaction.
It is important to know what you want in order to find the right rental property, even if you are only renting a property temporarily while your current home is undergoing renovation works, or if you are in the midst of moving to a new home.
When you view a property to rent, it pays to be as organised as possible. Our rental viewing checklist below should provide you with basic questions to ask and things to look out for at the property. Whether you are viewing a house or a flat, it could be your home for the foreseeable future, so be prepared and make a rational assessment of the property. staircaseAlthough you're going to be renting a house or a flat rather than buying it, remember that it will be your home for the foreseeable future. Of course you'll have an instant emotional reaction to any property, but you should balance this with a rational assessment of the potential of living in the property, including the local area and amenities, the condition of the property both inside and out and the costs that come with living in it. Obviously, your own priorities will vary depending on whether you're viewing houses, flats, studio flats or just rooms, but the checklist should act as a basic guide to help you keep all of your bases covered.
The costs of buying a property are often covered and explained by lenders, advisors and agents. However, there are also costs associated with selling your property.
To help you decide whether selling at auction is right for your property and, if so, how to go about it, we have come up with a step-by-step guide.
Normally, you put your property on the market but the estate agent is the one who actually sells it to buyers. It is a critical decision to choose the right agent and protect you from any future trouble. The questions below may help you.
When it comes to building a retirement nest egg for the future, property is still regarded as one of the safest long-term investments.
With many years of experience in field of real estate, Mr. Le Xuan Truong- CEO of Batdongsan.com.vn has shared very useful advice for those who intend to take part in this market in 2015.
With a budget of 1 billion VND, the best way for investors to get high-return and low-risk investment in Ho Chi Minh property market in 2015 is choosing one of three segments below: project land, apartment or townhouse in suburbs.
Along with the recovery of market, property investment also rebounds with new trends. Here are three new trends of property investment that become more and more popular in 2015.
Property values fell slightly in some parts of Queensland in April but rose in others amid a sharp drop in sales due to the COVID-19 pandemic.
Within the space of a month, the coronavirus pandemic has upended the property market for buyers, sellers, tenants and landlords.
Building upon the successes of earlier efforts, the Department today announced the opening in Bangkok of a regional conference of approximately 100 key law enforcement and industry officials from more than a dozen nations with the goal of strengthening international cooperation in fighting large-scale intellectual property crimes.
The department filed a lawsuit today in federal court for the Eastern District of Missouri alleging a pattern or practice of violations of the Fair Housing Act by the owner and managers of Forum Manor Apartments for refusing to rent to African-Americans and males, refusing to allow tenants to have African-American visitors, sexually harassing female tenants and retaliating against tenants who complained about such discrimination.
Attorney General Eric Holder today announced the formation of a new Department of Justice Task Force on Intellectual Property as part of a Department-wide initiative to confront the growing number of domestic and international intellectual property (IP) crimes.
Among other things, Zazi admitted that he brought TATP [Triacetone Triperoxide] explosives to New York on Sept. 10, 2009, as part of plan to attack the New York subway system.