14 Aug 2026

Property Law, RERA & AI: What Lawyers & Property Buyers Must Know | Dipesh Parmar | Expert Talk 174

AI in Law: Asset or Liability? Exploring AI, Property Law, RERA and the Future of Legal Practice

Artificial Intelligence is changing almost every profession, and the legal industry is no exception.

From legal research and documentation to client communication and case preparation, AI is creating new opportunities for lawyers to work faster and smarter. But it also raises important questions around accuracy, ethics, confidentiality and professional responsibility.

So, is AI an asset or a liability for lawyers?

This was one of the key questions explored in Expert Talk Episode 174 with Advocate Dipesh Parmar, an experienced legal professional practicing before the Gujarat High Court.

The conversation went beyond AI. It covered property law, RERA, property due diligence, banking litigation, DRT, SARFAESI and the challenges of building a successful legal practice as a first-generation advocate.

From Banking and Finance to Law

Dipesh Parmar brings an interesting combination of corporate and legal experience.

Before entering legal practice, he spent more than nine years in the banking and financial services sector, working with organizations including Standard Chartered Bank, Kotak Mahindra Bank and Indiabulls.

Today, he practices before the Gujarat High Court and advises individuals, businesses, developers and financial institutions on areas including property matters, revenue law, civil litigation, banking and finance litigation, RERA and legal advisory.

This combination of banking knowledge and legal expertise gives him a practical perspective on how legal decisions affect businesses, borrowers, investors and property buyers.

Watch now: https://youtu.be/WZhl7LNSkKk

AI in the Legal Profession: Opportunity or Threat?

AI is already becoming a useful tool for professionals across industries.

For lawyers, it can assist with tasks such as research, summarizing information, organizing documents, drafting initial content and improving productivity.

But using AI effectively requires more than simply asking a chatbot to provide a legal answer.

Legal professionals must verify information, understand the limitations of AI-generated content and remain responsible for the final advice or document they provide.

A wrong AI-generated answer can have serious consequences when it is used in a legal matter.

The real opportunity, therefore, may not be replacing lawyers with AI. It may be helping lawyers become more efficient while allowing them to spend more time on judgment, strategy, negotiation and client relationships.

What AI Cannot Replace

One of the important themes discussed during the conversation was the human element of legal practice.

AI can process information quickly, but legal practice involves much more than information retrieval.

Understanding a client's circumstances, interpreting complex situations, negotiating with people, presenting arguments and making strategic decisions require human judgment.

Courtroom advocacy also involves communication, persuasion, experience and the ability to respond to unexpected developments.

Technology can support these activities, but professional responsibility ultimately remains with the lawyer.

Building a Legal Career Without Legacy Connections

Another interesting part of the discussion focused on young advocates.

For a first-generation advocate, building a legal practice can be challenging. There may be no established family practice, inherited client base or large network to begin with.

That makes credibility, consistency, relationships and continuous learning extremely important.

Young lawyers today also have access to something previous generations did not have to the same extent: technology.

Digital platforms, legal research tools, professional networking and AI-enabled productivity tools can help young professionals build knowledge and visibility.

However, technology should complement professional expertise rather than replace it.

Watch now: https://youtu.be/WZhl7LNSkKk

Property Due Diligence: What Buyers Should Know

Buying property is one of the biggest financial decisions many people make.

Yet many buyers focus primarily on the location, price, amenities and expected appreciation while overlooking legal due diligence.

A property may look attractive financially but still carry legal or regulatory risks.

Before purchasing property, buyers should understand the importance of verifying relevant ownership and property documents and checking whether there are potential disputes, restrictions, approvals or other legal concerns.

This is where professional legal advice can become extremely valuable.

A few hours spent on proper due diligence can potentially prevent years of legal and financial complications.

Common Property Purchase Mistakes

Property buyers often make mistakes because they assume that the documents provided by a seller, developer or intermediary are sufficient.

Another common mistake is relying entirely on verbal assurances.

Property transactions can involve multiple legal and regulatory considerations. Buyers should therefore avoid rushing into a purchase simply because of a limited-time offer, attractive price or pressure from a seller.

Understanding the legal status of a property before committing significant money is essential.

Understanding RERA and Homebuyer Protection

Real Estate (Regulation and Development) Act, commonly known as RERA, has become an important part of India's real estate regulatory framework.

For homebuyers, understanding their rights and the obligations of developers can help them make more informed decisions.

RERA-related matters can involve issues such as project registration, delivery timelines, contractual obligations and disputes between buyers and developers.

The key takeaway for property buyers is simple: don't just look at the property. Understand the legal framework surrounding the transaction.

Banking Litigation, DRT and SARFAESI

Dipesh's previous banking experience also brings an important perspective to matters involving borrowers and financial institutions.

The discussion touched upon DRT and SARFAESI proceedings, areas that can become highly complicated for borrowers who do not understand the legal process.

When facing recovery proceedings, ignoring notices or delaying professional advice can potentially make the situation more difficult.

Understanding one's legal position and taking timely advice can be critical.

Technology Every Young Advocate Should Understand

Technology is becoming an important part of modern legal practice.

Young advocates can benefit from learning tools that help with:

  • Legal research
  • Document management
  • Drafting and editing
  • Case organization
  • Information analysis
  • Client communication
  • Productivity and workflow management
  • AI-assisted research and documentation

But the goal should not be to use technology simply because it is popular.

The better question is: Can this technology improve the quality, speed or efficiency of my legal work?

The Future of Law Will Be Human + Technology

The debate around AI often focuses on whether technology will replace professionals.

A more useful question may be how professionals can learn to work effectively with technology.

For lawyers, the future could belong to professionals who combine strong legal knowledge with technology awareness, critical thinking and excellent communication.

AI can process information.

Lawyers provide judgment.

AI can assist with productivity.

Lawyers remain responsible for professional decisions.

AI can support legal practice.

But trust, ethics and human relationships remain at the heart of the profession.

Key Takeaways from Expert Talk Episode 174

The conversation with Dipesh Parmar highlights several important lessons:

  1. AI can become a powerful productivity tool for lawyers when used responsibly.
  2. AI-generated legal information must be carefully verified.
  3. Human judgment remains essential to legal practice.
  4. Property buyers should take legal due diligence seriously.
  5. Understanding RERA can help homebuyers make better decisions.
  6. Borrowers facing DRT or SARFAESI proceedings should understand their legal position and act promptly.
  7. Young advocates can use technology to improve their productivity and build professional visibility.
  8. Building a successful legal practice requires patience, credibility, expertise and relationships.
  9. Technology should support lawyers rather than replace professional responsibility.
  10. The future of legal practice will likely be a combination of human expertise and intelligent technology.
Watch now: https://youtu.be/WZhl7LNSkKk

Watch Expert Talk Episode 174

Expert Talk Episode 174 with Dipesh Parmar offers a practical conversation for lawyers, young advocates, property buyers, entrepreneurs, investors and anyone interested in the future of the legal profession.

The discussion connects AI with real-world legal practice while also addressing important property and financial legal issues.

The biggest takeaway?

AI may become an incredibly powerful asset for lawyers—but only when combined with knowledge, judgment, ethics and responsibility.

So, what do you think?

Will AI become the biggest advantage for lawyers—or create new risks for the legal profession?

Watch Expert Talk Episode 174 and share your perspective.

About Dipesh Parmar

Dipesh Parmar is an Advocate practicing before the Gujarat High Court, with expertise in Revenue Law, Property Matters, Civil Litigation, Banking & Finance Litigation, RERA matters and Legal Advisory.

Before entering legal practice, he spent more than nine years in banking and financial services with organizations including Standard Chartered Bank, Kotak Mahindra Bank and Indiabulls.

His experience across banking and law allows him to provide practical, business-oriented perspectives on complex legal, financial and property matters.

About Expert Talk

Expert Talk is hosted by Vipul M. Mali, Founder and Business Head of POST A RESUME HR Consultancy.

Through Expert Talk, professionals, entrepreneurs, industry leaders and subject-matter experts share practical insights on careers, business, leadership, technology and the changing world of work.

Expert Talk Ep. 174 | Dipesh Parmar
AI in Law: Asset or Liability? | Property Law, RERA & Legal Practice

Watch now: https://youtu.be/WZhl7LNSkKk

[embed]https://youtu.be/WZhl7LNSkKk[/embed]

#ExpertTalk #AIinLaw #ArtificialIntelligence #LegalAI #LegalTech #PropertyLaw #RERA #RealEstateLaw #LegalPractice #FutureOfLaw #GujaratHighCourt #PropertyDueDiligence #DRT #SARFAESI #BankingLaw #YoungLawyers #LegalProfession #VipulMMali #POSTARESUME #VipulTheWonderful

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31 Jul 2026

The Financial Confidence Gap: Why Women Must Take Control of Their Money

In Expert Talk Episode 172, I had the pleasure of hosting Bhumita Parekh, Founder & Wealth Advisor at DhanONE Wealth, for an insightful conversation on how women can become active participants in creating their financial future.

Women, Money & Confidence: How Taking Charge of Your Finances Can Transform Your Future

Financial independence is often associated with earning a good salary or running a successful business. However, true financial independence goes far beyond having an income. It is about understanding your finances, making informed decisions, and confidently planning for the future.

Despite the growing number of women excelling in their careers, entrepreneurship, and leadership roles, many still remain passive participants in financial decision-making. Investment planning, insurance, wealth management, and retirement planning are often left to spouses or other family members. This gap can significantly impact long-term financial security and personal confidence.

In Expert Talk Episode 172, we had the privilege of hosting Bhumita Parekh, Founder and Wealth Advisor at DhanONE Wealth, to discuss one of today's most important topics Women, Money & Confidence: Taking Charge of Your Financial Future.

Drawing from her experience serving families across India and the NRI community, Bhumita shares practical insights into why women must actively participate in financial decisions and how they can begin their journey toward wealth creation with confidence.

Why Financial Confidence Matters

Financial confidence is not something people are born with. It is developed through learning, experience, and consistent action.

Many women are highly successful professionals who manage complex responsibilities at work and at home. Yet when conversations shift to investments, mutual funds, insurance, taxation, or retirement planning, they often hesitate to participate.

The reasons vary:

  • Lack of financial education
  • Fear of making mistakes
  • Dependence on family members for financial decisions
  • Social conditioning
  • Belief that investing is too complicated

The encouraging news is that every one of these challenges can be overcome through awareness and education.

Financial confidence starts with understanding—not with having all the answers.

🎥 Watch Expert Talk Episode 172 here:

https://youtu.be/nhu0BwJ3XGY

Financial Independence Begins with Financial Participation

One of the strongest messages from our conversation with Bhumita Parekh is that earning money alone does not guarantee financial independence.

True financial independence comes from actively participating in financial decisions.

This means understanding:

  • Monthly income and expenses
  • Savings and emergency funds
  • Investments and asset allocation
  • Insurance coverage
  • Retirement planning
  • Tax-saving opportunities
  • Long-term financial goals

Every earning individual deserves to understand where their money is going and how it is helping build future wealth.

Saving vs. Wealth Creation

Many people believe that saving money is enough.

While saving is essential for emergencies and short-term goals, it is not the same as building wealth.

Savings protect your money.

Investments help your money grow.

Inflation gradually reduces the purchasing power of idle savings. Investing wisely enables individuals to achieve long-term goals such as children's education, retirement, buying a home, or achieving financial freedom.

Understanding this difference is one of the first steps toward becoming financially empowered.

Common Barriers That Hold Women Back

During the podcast, several common obstacles were discussed that prevent women from taking ownership of their finances.

1. Lack of Financial Education

Many people never receive formal education about investing, budgeting, taxes, or financial planning.

Financial literacy is rarely taught in schools, making self-learning increasingly important.

2. Fear of Investment Risks

Many first-time investors avoid investing because they fear losing money.

While every investment carries some risk, informed decision-making significantly reduces unnecessary risks.

Knowledge builds confidence.

3. Believing Finance Is Too Complex

Financial products often appear overwhelming due to technical language.

However, once the fundamentals are understood, investing becomes much more approachable.

Starting small and learning gradually is often the best strategy.

4. Depending on Others

Many women trust spouses or family members to manage finances.

While trust is important, financial awareness ensures preparedness during unexpected life events.

Every adult should understand their family's financial position.

First Steps for Women Beginning Their Investment Journey

If you've never invested before, don't worry.

Every experienced investor started as a beginner.

Here are a few practical first steps discussed during the conversation:

Define Financial Goals

Ask yourself:

  • Why am I investing?
  • What are my short-term goals?
  • What are my long-term goals?

Clear goals help determine suitable investment strategies.

Build an Emergency Fund

Before investing aggressively, create a financial cushion for unexpected situations.

This provides stability and reduces stress during emergencies.

Learn Before Investing

Spend time understanding:

  • Mutual Funds
  • SIPs
  • Fixed Income Products
  • Insurance
  • Retirement Planning
  • Asset Allocation

Knowledge helps eliminate fear.

Ask Questions

Never invest simply because someone recommends a product.

Always ask:

  • What are the risks?
  • What are the expected returns?
  • What are the charges?
  • Is it suitable for my financial goals?

Good financial advisors welcome informed questions.

Money Conversations Build Stronger Families

One overlooked aspect of financial planning is communication.

Families often discuss vacations, education, careers, and celebrations—but avoid discussing money.

Healthy financial conversations create:

  • Better transparency
  • Shared responsibility
  • Stronger decision-making
  • Improved financial preparedness
  • Reduced future conflicts

Financial planning should become a family habit rather than an individual responsibility.

[embed]https://youtu.be/nhu0BwJ3XGY[/embed]

Common Investment Myths

Several myths continue discouraging women from investing.

Myth 1: Investing Requires Large Amounts

Reality:

Many investment options today allow individuals to start with small monthly contributions.

Myth 2: It's Too Late to Start

Reality:

The best time to start was yesterday.

The second-best time is today.

Myth 3: Investing Is Only for Experts

Reality:

Anyone willing to learn can become a confident investor.

Financial literacy is a learnable life skill.

Preparing for Major Life Events

Life brings many transitions:

  • Marriage
  • Parenthood
  • Career breaks
  • Entrepreneurship
  • Relocation
  • Retirement
  • Medical emergencies

Being financially prepared allows individuals to navigate these changes with greater confidence and fewer financial challenges.

Preparation creates options.

Key Takeaways from Expert Talk Episode 172

Our conversation with Bhumita Parekh reinforces several important lessons:

  • Financial independence requires active participation.
  • Confidence grows through continuous learning.
  • Saving and investing serve different purposes.
  • Financial literacy empowers better life decisions.
  • Women should confidently participate in every financial discussion.
  • Wealth creation is a long-term journey built through discipline and informed choices.

Watch the Complete Podcast

If you're looking to strengthen your financial knowledge or help someone become more confident with money, this episode offers practical insights, actionable guidance, and real-world experiences that can inspire meaningful change.

🎥 Watch Expert Talk Episode 172 here:

https://youtu.be/nhu0BwJ3XGY

About the Guest

Bhumita Parekh is the Founder and Wealth Advisor at DhanONE Wealth, an Ahmedabad-based wealth advisory and financial planning practice serving families across India and the NRI community.

She advises clients across Mutual Funds, PMS, AIFs, Bonds, Fixed Deposits, and Insurance solutions, helping individuals make informed financial decisions with clarity and confidence. Her mission is to empower people—especially women—to actively participate in financial planning and build long-term wealth.

Final Thoughts

Financial confidence is not reserved for financial experts.

It is built through curiosity, education, and the willingness to participate.

Whether you're just starting your career, managing a family, running a business, or planning for retirement, taking ownership of your finances is one of the most valuable investments you can make.

The journey toward financial independence begins with one decision—to become an active participant in shaping your financial future.

If this article inspired you, share it with someone who could benefit from taking the first step toward financial confidence. Together, we can encourage more informed financial decisions and create a future where everyone has the knowledge and confidence to build lasting wealth.

[embed]https://youtu.be/nhu0BwJ3XGY[/embed]

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