Leasehold properties represent a type of property tenure in which one party purchases the right to occupy a property for a specific period, generally ranging from 30 to 99 years. In a leasehold setup, the ownership of the land remains with an authority, typically a government agency, which grants the land to developers to create […]
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A Cost-Plus Contract offers a flexible compensation structure that sets it apart from fixed-price contracts. In a fixed-price arrangement, the project’s cost is determined upfront, while a Cost-Plus Contract reimburses the contractor for all legitimate project expenses as they arise. Additionally, a fixed profit margin or fee is added to cover the contractor’s overhead and
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Concrete scaling refers to the local flaking or peeling of the concrete surface due to exposure to environmental conditions such as freezing and thawing. Factors that contribute to concrete scaling include low-strength concrete, the use of deicing salts, and a high water-cement ratio in the mix. The initial phase of concrete scaling starts with small
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Concrete structures, though inherently durable, are not immune to deterioration over time. This deterioration often stems from various factors such as the composition of the concrete mixture, the placement and type of reinforcement, and the quality of finishing, curing, and protection received. Additionally, concrete may be subject to external factors like abrasion, moisture changes, freeze-thaw
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Fly Ash is one of the most important byproducts generated from the combustion of coal, particularly in power plants. As industries evolve and the demand for sustainable construction materials increases, Fly Ash has become a widely recognized component in various applications, especially in the construction industry. This article delves into the essential properties, classifications, mechanisms,
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Why are Properties Auctioned by Banks? Bank auction properties are sold when borrowers fail to meet their loan repayment obligations. Typically, if a borrower defaults on three consecutive EMI payments, the bank may initiate the foreclosure process. The property is then auctioned to recover the outstanding loan amount. The bank issues a 60-day notice to
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A sale agreement is an essential document in any property transaction, establishing the legal framework and ensuring that all parties involved understand their responsibilities and rights. Whether you’re buying or selling a property, this legally binding contract serves to protect your interests, offering clarity and reducing the potential for misunderstandings. Here’s a comprehensive look at
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In every family’s journey, ensuring that the assets and legacy of a deceased member are passed down correctly to the next generation is crucial. This process becomes more structured when the deceased hasn’t left behind a Will. Here, the Legal Heir Certificates play a vital role in ensuring the legal transfer of property and assets
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The Build-Operate-Transfer (BOT) model has emerged as a valuable strategy for businesses aiming to undertake large-scale construction projects, expand their operations, or establish a presence in new markets. This innovative approach provides numerous benefits and a structured framework for businesses to achieve their goals efficiently and effectively. At its core, the Build-Operate-Transfer (BOT) Model allows
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In international business, the “Turnkey Contract” is a widely adopted method for delivering fully operational projects. The term describes an arrangement in which a contractor, or firm, is responsible for the entire scope of designing, building, and equipping a facility, ultimately handing it over to the client ready for use. A turnkey contract signifies a
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