Articles by Ramesh Agrawal (LL.B , CA)

Supreme Court Ruling Warns Homebuyers: Registration Is Not Ownership

Posted by Ramesh Agrawal (LL.B , CA) 12 July 2025 2546 Views

In a landmark ruling, the Supreme Court has clarified that property registration alone does not establish legal ownership. Learn what this means for homebuyers in India and the critical checks needed before buying property.

RERA Awards Rs 65 Lakhs Compensation to Homebuyer for 9 Years Delay in Flat Possession

Posted by Ramesh Agrawal (LL.B , CA) 28 May 2025 188 Views

In a recent decision, the Haryana Real Estate Regulatory Authority (HRERA) has directed a builder to compensate a homebuyer with ₹65 lakh for an inordinate dela...

Reporting on Audit Trail in the Statutory Audit Report

Posted by Ramesh Agrawal (LL.B , CA) 30 September 2024 11658 Views

From the Financial Year 2023-24 the Auditor is duty bound to report on Audit Trail. For reporting on Audit Trail there can be 3 situations for the Auditor. In each situation reporting language will be different.

Settle your dispute with Builder by RERA Conciliation Forum

Posted by Ramesh Agrawal (LL.B , CA) 23 August 2021 4380 Views

When both parties agree to mutually settle the dispute then they need not go to the Court. The Maharashtra RERA has established a Conciliation Forum and is the first RERA forum to do so.

Section 206AB: Higher rate of TDS for non filers of ITR - Template of Mail & Declaration

Posted by Ramesh Agrawal (LL.B , CA) 09 June 2021 12684 Views

GoI has recently made an amendment in the Finance Act 2021 by inserting a new Section 206AB which prescribes a higher rate of TDS for those Vendors/ Suppliers who have not filed their ITR for the last 2 years.

Homebuyers have the right to choose between RERA and Consumer Forum

Posted by Ramesh Agrawal (LL.B , CA) 26 May 2021 2721 Views

In Consumer Forum generally Builders argue since RERA is there homebuyers can not file complaint against them in the Consumer Forum.

2nd wave of Covid-19 badly hits future Sentiment for Indian Real Estate

Posted by Ramesh Agrawal (LL.B , CA) 01 May 2021 1247 Views

Due to uncertainties & spread of the 2nd wave of Covid-19, the "Future Sentiment Score" declined from 65 in Q-4 of 2020 to 57 in Q-1 of 2021 as per a survey conducted by Knight Frank-FICCI-NAREDCO.

Impact of Budget 2021 on Real Estate

Posted by Ramesh Agrawal (LL.B , CA) 09 February 2021 3373 Views

In the Union Budget 2021, Ministry of Housing and Urban Affairs has been allocated more than Rs 54,000 Crore for Urban Centers all over India. Let us understand its impact.

Future of Indian Real Estate

Posted by Ramesh Agrawal (LL.B , CA) 09 September 2020 2892 Views

Real Estate is one of the most globally recognized sectors. Housing, Retail, Hospitality & Commercial are four sub-sectors of it. The growth of this sector can be seen by the growth in Corporate Environment & need for Office Spaces as well as Urban & Semi-Urban Accommodations.

What is Companies Fresh Start Scheme, 2020?

Posted by Ramesh Agrawal (LL.B , CA) 24 August 2020 4801 Views

The Ministry of Corporate Affairs (MCA) has introduced a new scheme known as Company Fresh Start Scheme, 2020 (CFSS, 2020) for the companies to reduce the burden of compliance delays during the COVID-19 period.