“A boon to the Indian Women, but a potential bane to the Indian Banker"
The Protection of Women from Domestic Violence Act 2005 ( DVA) came into force 26.10.2006. It is widely expected that DVA will go a long way to provide relief to women from domestic violence and enforce their ‘right to live’. Primarily DVA is meant to provide protection to the wife or female live-in partner from violence at the hands of husband or male live-in partner or relatives. DVA also extends its protection to women who are sisters, widows or mothers.
However in spite of the positive aspects enshrined in the enactment for protecting women’s rights DVA can have a negative impact on the real estate scenario especially on transactions of house-properties. DVA also can adversely affect (Public) Financial Institutions ( FIS) that now unhesitatingly advance hefty sums on the mortgage security of house-properties both for productive and non-productive purposes. See how and to what extent DVA can adversely affect FIS ....read full article at our website