Himachal Pradesh’s pristine landscapes and peaceful environment make it a dream real estate destination. For remote buyers and non-residents, however, purchasing property here involves navigating strict state laws and logistical hurdles. To bypass these hurdles, buyers are frequently offered a “convenient shortcut”: buying the property through a General Power of Attorney (GPA) instead of a…
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What is SARFAESI Act The SARFAESI Act full form is – “Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act”. The SARFAESI Act allows banks and other financial institutions for auctioning commercial or residential properties to recover a loan when a borrower fails to repay the loan amount. Thus, the SARFAESI Act, 2002 enables…
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Combined of Sections 2(2), 2(4), 2(5) and 2(10) of H.P. Tenancy and Land Reforms Act, 1972 and Section 4(9) of H.P. Land Revenue Act, 1954 it is clear that daughter-in-law of an agriculturist will be covered under the definition of agriculturist being a successor of an agriculturist.
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Where a non-agriculturist / non- Himachali intends to acquire land in his name by way of sale, gift, will, exchange, lease or mortgage with possession, he shall apply for permission under clause (h) of sub-section (2) of section 118 of the Act, in Form LR-XIV duly supported with the documents specified, to the Collector in…
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Prescribed format of application for permission
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Prescribed format of application for permission
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