Indian_Real_Estate_Law (2)
Indian Real Estate Lawsviii2.6.1 Manner of Selection of Chairperson and Members of the Authority . . . . 482.7 CHAPTER VII SALARY AND ALLOWANCES OF CHAIRPERSON ANDMEMBERS OF REAL ESTATE REGULATORY AUTHORITY . . . . . . . . . 482.7.1 Salaries and Allowances . . . . . . . . . . . . . . . . . . . . . . . . . . . 482.7.2 Tenure of office . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 502.7.3 Oath of Office and Secrecy.- . . . . . . . . . . . . . . . . . . . . . . . . . 502.7.4 Administrative powers of the Chairperson of the regulatory authority.- . 502.8 CHAPTER VIII POWERS AND FUNCTIONS OF THE AUTHORITY . . . . 512.8.1 Functioning of the Authority . . . . . . . . . . . . . . . . . . . . . . . . 512.8.2 Additional powers of the Authority . . . . . . . . . . . . . . . . . . . . . 512.8.3 Manner of recovery of interest, penalty and compensation . . . . . . . . . 522.8.4 Manner of implementation of order, direction or decisions of the adjudicatingofficer, the Authority or the Appellate Tribunal.- . . . . . . . . . . 522.9 CHAPTER IX CONDITIONS OF SERVICE OF OFFICERS AND OTHEREMPLOYEES OF THE AUTHORITY . . . . . . . . . . . . . . . . . . . . . . . 522.9.1 Categories of Officers and employees of the Authority and pay scales . . . 522.9.2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 522.10 CHAPTER X FILING OF COMPLAINT . . . . . . . . . . . . . . . . . . . . . 532.10.1 Filing of complaint and manner of holding an inquiry by RegulatoryAuthority . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 532.10.2 Manner of filing a complaint with the adjudicating officer and the mannerof holding an inquiry by the adjudicating officer . . . . . . . . . . . . . . 542.11 CHAPTER XI REAL ESTATE APPELLATE TRIBUNAL . . . . . . . . . . . . 552.11.1 Manner of Selection of Member of the Appellate Tribunal . . . . . . . . . 552.11.2 Functioning of Appellate Tribunal . . . . . . . . . . . . . . . . . . . . . . 552.11.3 Appeal and the fees payable . . . . . . . . . . . . . . . . . . . . . . . . . 562.11.4 Procedure for inquiry of the charges against the Chairperson or Memberof the Regulatory Authority or the Appellate Tribunal . . . . . . . . . . 562.11.5 Salary and allowances payable and other terms and conditions of serviceof Chairperson and Members of the Appellate Tribunal . . . . . . . . . . 572.11.6 Retirement from Government Service . . . . . . . . . . . . . . . . . . . 582.11.7 Oath of Office and Secrecy . . . . . . . . . . . . . . . . . . . . . . . . . . 582.11.8 Declaration of financial or other interest . . . . . . . . . . . . . . . . . . 582.11.9 Residuary provision.- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 582.11.10 Categories of Officers and employees of the Tribunal.- . . . . . . . . . . . 582.11.11 Conditions of service . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 582.11.12 Additional powers of the Appellate Tribunal . . . . . . . . . . . . . . . . 582.11.13 Administrative powers of the Chairperson of the Appellate Tribunal . . . 592.12 CHAPTER XI OFFENCES AND PENALTIES . . . . . . . . . . . . . . . . . . 592.12.1 Terms and conditions and the fine payable for compounding of offence . . 592.13 CHAPTER-XII MISCELLANEOUS . . . . . . . . . . . . . . . . . . . . . . . . 602.13.1 Interpretation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 602.13.2 Residuary provision . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 602.14 CHAPTER-XIII BUDGET AND REPORT . . . . . . . . . . . . . . . . . . . . 602.14.1 Budget, accounts and audit . . . . . . . . . . . . . . . . . . . . . . . . . 602.14.2 Annual Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 600.0 CONTENTS
ixIndian Real Estate LawsII Classical Statutes 753 Introduction 774 The Transfer of Property Act, 1882 794.1 (Extent) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 794.2 Repeal of Acts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 794.3 Interpretation clause . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 794.4 “Transfer of property” defined . . . . . . . . . . . . . . . . . . . . . . . . . . . . 804.5 What may be transferred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 814.6 Persons competent to transfer . . . . . . . . . . . . . . . . . . . . . . . . . . . . 814.7 Operation of transfer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 814.8 Oral transfer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 814.9 Condition restraining alienation . . . . . . . . . . . . . . . . . . . . . . . . . . . 824.10 Restriction repugnant to interest created . . . . . . . . . . . . . . . . . . . . . . 824.11 Condition making interest determinable on insolvency or attempted alienation . 824.12 Transfer for benefit of unborn person . . . . . . . . . . . . . . . . . . . . . . . . 824.13 Rule against perpetuity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 824.14 Transfer to take effect on failure of prior interest. . . . . . . . . . . . . . . . . . 834.15 Direction for accumulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 834.16 Transfer in perpetuity for benefit of public . . . . . . . . . . . . . . . . . . . . . 834.17 Vested interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 834.18 When unborn person acquires vested interest on transfer for his benefit . . . . . 834.19 Contingent interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 844.20 Transfer to members of a class who attain a particular age . . . . . . . . . . . . 844.21 Transfer contingent on happening of specified uncertain event . . . . . . . . . . 844.22 Transfer to such of certain persons as survive at some period not specified . . . . 844.23 Conditional transfer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 844.24 Ulterior transfer conditional on happening or not happening of specified event . 854.25 Fulfilment of condition subsequent . . . . . . . . . . . . . . . . . . . . . . . . . . 854.26 Prior disposition not affected by invalidity of ulterior disposition . . . . . . . . . 854.27 Condition that transfer shall cease to have effect in case specified uncertain eventhappens or does not happen . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 854.28 Such condition must not be invalid . . . . . . . . . . . . . . . . . . . . . . . . . 864.29 Transfer conditional on performance of act, no time being specified for performance 864.30 Transfer conditional on performance of act, time being specified . . . . . . . . . 864.31 Election when necessary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 864.32 Apportionment of periodical payments on determination of interest of personentitled . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 874.33 Apportionment of benefit of obligation on severance . . . . . . . . . . . . . . . . 874.34 Transfer by person authorised only under certain circumstances to transfer . . . 884.35 Transfer where third person is entitled to maintenance . . . . . . . . . . . . . . 884.36 Burden of obligation imposing restriction on use of land . . . . . . . . . . . . . . 884.37 Transfer by ostensible owner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 894.38 Transfer by person having authority to revoke former transfer . . . . . . . . . . 894.39 Transfer by unauthorised person who subsequently acquires interest in propertytransferred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 894.40 Transfer by one co-owner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 894.41 Joint transfer for consideration . . . . . . . . . . . . . . . . . . . . . . . . . . . 904.42 Transfer for consideration by persons having distinct interests . . . . . . . . . . 90CONTENTS 0.0
- Page 1 and 2: 1 Indian Real Estate Laws0.0
- Page 3 and 4: Indian Real EstateLawCollated and T
- Page 5 and 6: Dedicated to ease the reading for t
- Page 7 and 8: ContentsI RERA Act 11 THE REAL ESTA
- Page 9: viiIndian Real Estate Laws1.9.2 Gra
- Page 13 and 14: xiIndian Real Estate Laws4.93 Notic
- Page 15: Part IRERA Act1
- Page 18 and 19: Indian Real Estate Laws 4make advan
- Page 20 and 21: Indian Real Estate Laws 6for commun
- Page 22 and 23: Indian Real Estate Laws 8Act or the
- Page 24 and 25: Indian Real Estate Laws 101.2.3 Ext
- Page 26 and 27: Indian Real Estate Laws 12to the re
- Page 28 and 29: Indian Real Estate Laws 14plot or b
- Page 30 and 31: Indian Real Estate Laws 16(4) On fo
- Page 32 and 33: Indian Real Estate Laws 18Provided
- Page 34 and 35: Indian Real Estate Laws 20officers
- Page 36 and 37: Indian Real Estate Laws 22made ther
- Page 38 and 39: Indian Real Estate Laws 24as the
- Page 40 and 41: Indian Real Estate Laws 26(2) Notwi
- Page 42 and 43: Indian Real Estate Laws 28(b) any d
- Page 44 and 45: Indian Real Estate Laws 30default c
- Page 46 and 47: Indian Real Estate Laws 32in this b
- Page 48 and 49: Indian Real Estate Laws 34cised and
- Page 50 and 51: Indian Real Estate Laws 36@) any ot
- Page 52 and 53: Indian Real Estate Laws 381.10 1. T
- Page 54 and 55: Indian Real Estate Laws 40estate pr
- Page 56 and 57: Indian Real Estate Laws 42sold to t
- Page 58 and 59: Indian Real Estate Laws 44thousand
ix
Indian Real Estate Laws
II Classical Statutes 75
3 Introduction 77
4 The Transfer of Property Act, 1882 79
4.1 (Extent) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 79
4.2 Repeal of Acts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 79
4.3 Interpretation clause . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 79
4.4 “Transfer of property” defined . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80
4.5 What may be transferred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 81
4.6 Persons competent to transfer . . . . . . . . . . . . . . . . . . . . . . . . . . . . 81
4.7 Operation of transfer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 81
4.8 Oral transfer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 81
4.9 Condition restraining alienation . . . . . . . . . . . . . . . . . . . . . . . . . . . 82
4.10 Restriction repugnant to interest created . . . . . . . . . . . . . . . . . . . . . . 82
4.11 Condition making interest determinable on insolvency or attempted alienation . 82
4.12 Transfer for benefit of unborn person . . . . . . . . . . . . . . . . . . . . . . . . 82
4.13 Rule against perpetuity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 82
4.14 Transfer to take effect on failure of prior interest. . . . . . . . . . . . . . . . . . 83
4.15 Direction for accumulation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 83
4.16 Transfer in perpetuity for benefit of public . . . . . . . . . . . . . . . . . . . . . 83
4.17 Vested interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 83
4.18 When unborn person acquires vested interest on transfer for his benefit . . . . . 83
4.19 Contingent interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84
4.20 Transfer to members of a class who attain a particular age . . . . . . . . . . . . 84
4.21 Transfer contingent on happening of specified uncertain event . . . . . . . . . . 84
4.22 Transfer to such of certain persons as survive at some period not specified . . . . 84
4.23 Conditional transfer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 84
4.24 Ulterior transfer conditional on happening or not happening of specified event . 85
4.25 Fulfilment of condition subsequent . . . . . . . . . . . . . . . . . . . . . . . . . . 85
4.26 Prior disposition not affected by invalidity of ulterior disposition . . . . . . . . . 85
4.27 Condition that transfer shall cease to have effect in case specified uncertain event
happens or does not happen . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 85
4.28 Such condition must not be invalid . . . . . . . . . . . . . . . . . . . . . . . . . 86
4.29 Transfer conditional on performance of act, no time being specified for performance 86
4.30 Transfer conditional on performance of act, time being specified . . . . . . . . . 86
4.31 Election when necessary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 86
4.32 Apportionment of periodical payments on determination of interest of person
entitled . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87
4.33 Apportionment of benefit of obligation on severance . . . . . . . . . . . . . . . . 87
4.34 Transfer by person authorised only under certain circumstances to transfer . . . 88
4.35 Transfer where third person is entitled to maintenance . . . . . . . . . . . . . . 88
4.36 Burden of obligation imposing restriction on use of land . . . . . . . . . . . . . . 88
4.37 Transfer by ostensible owner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89
4.38 Transfer by person having authority to revoke former transfer . . . . . . . . . . 89
4.39 Transfer by unauthorised person who subsequently acquires interest in property
transferred . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89
4.40 Transfer by one co-owner . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 89
4.41 Joint transfer for consideration . . . . . . . . . . . . . . . . . . . . . . . . . . . 90
4.42 Transfer for consideration by persons having distinct interests . . . . . . . . . . 90
CONTENTS 0.0
Change language