Legal Previews for Housing Finance in India
Keywords:
Housing Finance, competitive, enforcement, institutions, enforceableAbstract
Housing finance in India is now marked by a highly competitive and consumer-friendly market. A liberal credit policy and an enabling legal environment have helped the growth of the housing sector in the past five years. The time-tested property law has been primarily guiding the lender in obtaining enforceable documentation. To help the lending institutions for speec4’ recovery of bad loans, State has enacted the Securitization Law for enforcement of security interest of mortgaged properly without the intervention of court. In this scenario, the paper presents a comprehensive appraisal of the existing legal regime that governs housing finance in India, with emphasis on documentation and enforcement issues.
References
aironline.in. AIR 2004 SUPREME COURT 2371. aironline.in. 2024. Available from: https://www.aironline.in/legal-judgements/2004+%283%29+Supreme+243
(1883) 5 All 121, 137 (FB)
Sahu Madho Das And Others vs Pandit Mukand Ram And Another(And ... on 22 March, 1955. Indiankanoon.org. 2024. Available from: https://indiankanoon.org/doc/946004/
K.J.Nathan vs S. V. Maruty Reddy And Others on 11 February, 1964 . Indiankanoon.org. 2024. Available from: https://indiankanoon.org/doc/1798395/
Deb Dutta Seal vs Ramanlal Phumra and Ors. on 6 November, 1969. Indiankanoon.org. 2024. Available from: https://indiankanoon.org/doc/1380348/
United Bank of India Ltd. vs Lekharam Sonaram and Co. And Ors. on 1 February, 1965. Indiankanoon.org. 2024. Available from: https://indiankanoon.org/doc/1714223/
Rachpal Mahraj vs Bhagwandas Darukaand Others on 5 May, 1950. Indiankanoon.org. 2024. Available from: https://indiankanoon.org/doc/1582547/
