ABC Real Estate Ltd., a prominent real estate company, has recently acquired a piece of land in a suburban area. The land has a small lake that is…
CA Intermediate · Corporate and Other Laws · MTP · September 2024
ABC Real Estate Ltd., a prominent real estate company, has recently acquired a piece of land in a suburban area. The land has a small lake that is expected to generate significant tourism revenue in the future. Additionally, the land has several old structures that are permanently fastened to the earth, such as a stone pavilion and a historical monument. ABC Real Estate Ltd. plans to develop the area by refurbishing the existing structures and enhancing the natural surroundings to attract tourists. Considering the above scenario, identify which of the following components are classified as "Immovable Property" under the General Clauses Act, 1897:
Suggested Answer and Working Notes:
Correct Answer: Option (D)
The land, the benefits arising from the lake, the stone pavilion, and the historical monument.
Topics: The General Clauses Act, 1897
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