Browsing Tag
Land Ownership
3 posts
Sold Land for ₹300 in 1962, Lost It Forever: Bombay HC Reminds Why Agreements Must Be Clear
A man who claimed his father sold land for ₹300 in 1962 under a loan-like arrangement has lost his bid to reclaim it. The Bombay High Court ruled the deal was a valid sale, highlighting the importance of clear and legally drafted property agreements.
Govt to Allow Conversion of Leasehold Land to Freehold at 25% Above Ready Reckoner Rate
The Maharashtra government has issued a final notification allowing leasehold and Occupancy Class II lands to be converted to freehold upon payment of a premium of up to 25% of the Ready Reckoner rate. The revised premium rates, applicable until December 31, 2025, aim to grant full ownership rights to individuals, housing societies, and industries.