Advance Diploma In Real Estate Law Module IV: Real Estate Compliance And Documentation

About the Course

Advance Diploma in Real Estate Law – Module IV: Real Estate Compliance and Documentation. This module focuses on the essential compliance frameworks, taxation principles, and documentation processes governing real estate transactions in India. It is designed for professionals who aim to master the regulatory, legal, and procedural aspects of property management, investment, and development.

Overview
Compliance and documentation form the backbone of lawful and transparent real estate transactions. This module provides an in-depth understanding of critical areas such as RERA compliance, Income Tax, GST, Lis Pendens, Filing and Serving Procedures, and Vetting of Legal Documents. By mastering these topics, learners can ensure that every transaction adheres to statutory norms and withstands legal scrutiny.

1. Real Estate Regulatory Authority (RERA)
The Real Estate (Regulation and Development) Act, 2016, commonly known as RERA, was enacted to promote transparency, accountability, and fairness in the real estate sector. Understanding RERA compliance is essential for all developers, promoters, and agents involved in real estate projects.

• Objectives and scope of RERA
• Registration requirements for projects and agents
• Mandatory disclosures and quarterly updates
• Rights and duties of promoters and allottees
• RERA’s role in dispute resolution and penalties for non-compliance

This section equips learners with practical knowledge of how to comply with RERA regulations and avoid penalties while maintaining credibility and investor trust.

2. Income Tax in Real Estate
Income tax compliance plays a vital role in property transactions, affecting both individuals and corporate entities. This section explores the tax implications involved in buying, selling, leasing, and developing real estate.

• Capital gains tax on sale of property
• Tax deduction at source (TDS) on property transactions
• Taxation of rental income and property income
• Deduction under Section 80C and other provisions
• Tax audits and compliance for real estate developers

Through this section, learners gain insights into optimizing tax efficiency while adhering to statutory income tax obligations in real estate operations.

3. Goods and Services Tax (GST)
The GST framework has brought uniformity and transparency in taxation across real estate transactions. Understanding GST applicability helps professionals structure deals more effectively.

• GST applicability on under-construction and completed properties
• Input Tax Credit (ITC) rules and their implications
• GST on works contracts and joint development agreements
• Reverse charge mechanism in real estate transactions
• Compliance and filing procedures for developers and agents

By understanding GST regulations, students can ensure seamless compliance and minimize tax liabilities during construction and sales activities.

4. Lis Pendens and Its Legal Impact
The concept of Lis Pendens, as defined under Section 52 of the Transfer of Property Act, 1882, refers to the principle that property involved in litigation cannot be transferred or dealt with during the pendency of a legal dispute.

• Meaning and doctrine of Lis Pendens
• Legal implications of property transactions under litigation
• Preventive measures for buyers and developers
• Case studies highlighting disputes arising from Lis Pendens
• Practical due diligence before property acquisition

This section helps learners understand the importance of legal verification and safeguards to prevent acquisition of disputed properties.

5. Filing and Serving Procedures
Every real estate dispute or claim must follow proper legal filing and serving procedures to be considered valid in court. This section explains how to initiate, file, and serve legal documents efficiently.

• Preparation and filing of legal notices and complaints
• Jurisdiction and limitation aspects in filing
• Methods of serving notices under civil and RERA proceedings
• Online filing and e-courts systems for real estate cases
• Common errors to avoid during filing procedures

Understanding filing and serving protocols ensures timely and valid legal communication, which is essential for dispute resolution and enforcement.

6. Vetting of Legal Documents
Document vetting is a crucial step in ensuring the accuracy, legality, and enforceability of real estate contracts. This process involves reviewing all clauses, titles, and terms for compliance with applicable laws.

• Importance of vetting in real estate transactions
• Checklist for vetting sale deeds, development agreements, and lease documents
• Identifying inconsistencies, omissions, and potential risks
• Role of advocates and legal advisors in document verification
• Digital documentation and e-stamping best practices

By mastering the art of vetting, learners ensure legal precision and safeguard clients from future disputes or liabilities.

The Advance Diploma in Real Estate Law – Module IV: Real Estate Compliance and Documentation by Saptakala Real Estate Academy provides a comprehensive understanding of compliance, taxation, and documentation in the real estate sector. It empowers learners to manage legal procedures effectively, maintain transparency, and ensure every property transaction is aligned with statutory and regulatory standards.