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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.

Bayana

In the world of finance, there is a term commonly used in India to describe a practice known as "pagdi". This refers to a small amount of money given to a landlord as a gest...

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Capitalisation

Understanding the concept of present value involves converting a series of future net receipts into their equivalent capital worth at a given date. This involves taking into...

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Asset valuation

Valuation in the property market refers to the process of determining the value of a property, whether it be land and buildings or plant and machinery. This term is commonly...

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Strata Title

In finance, we often encounter the concept of freehold title, which refers to the ownership of a property that includes both the horizontal title above and below it. To ensu...

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