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Legal Documentation
When dealing with real estate in India, it is important to know about the financial and tax laws, as well as the local building laws and regulations. In Maharashtra, these laws include tax laws, foreign exchange laws (FEMA) for foreign/NRI investment, income tax laws, corporate tax laws, and building and construction laws like the National Building Code, MRTP Act, New Bombay Disposal of Lands Act, Transfer of Property Act, Registration Act, Indian Contract Act, Land Acquisition Act, CIDCO Navi Mumbai Development Control Regulations, MIDC Act, MHADA Act, NMMC Development Control Regulations, Maharashtra Land Revenue Rules, Maharashtra Registration Act, Pollution Control Regulations, The Co-operative Societies Act, and relevant case laws. At Sky Properties, we are up to date with all laws and regulations concerning real estate.
CIDCO Transfer/NOC
The real estate market in Navi Mumbai is different from other areas in Mumbai or elsewhere. In the 1970s, all the land in Navi Mumbai was acquired through the Land Acquisition Act. CIDCO, the agency responsible for planning and developing the land, has the authority to approve every step in the real estate process. Whether it’s the allocation of land, selling flats, or forming a society, CIDCO’s approval is required. This authority is granted to CIDCO through the New Bombay Disposal of Lands Act. With over 20 years of experience working with CIDCO at every level, we have the expertise to review documents and obtain the necessary clearances from CIDCO.
Society Formation/Conveyance
Every society in Navi Mumbai need CIDCO conveyance to transfer the ownership rights over the land and building to the Society. This is the final step which is required for the Society to gain full ownership over the running of the society.
We are well versed with all the necessary requirements for this crucial and vital step which involves coordinating with multiple govt agencies.
Consultation
When dealing with real estate in India one needs to be aware not only of the financial and tax laws but also the local building laws and regulations. In Maharashtra these laws are Tax laws, Foreign exchange laws (FEMA) for foreign/NRI investment, income tax laws, corporate tax laws, building and construction laws like National Building code, MRTP Act, New Bombay Disposal of Lands act, Land Acquisition act, CIDCO Navi Mumbai Development Control Regulations, MIDC Act, MHADA act, NMMC Development Control Regulations, Maharashtra Land Revenue Rules, Maharashtra Registration Act, Pollution control regulations, The co-operative societies act, case laws etc.
At sky properties we are up to date with all laws are regulations concerning real estate.
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