Legal Question in Intellectual Property in India
I have a question we have two brothers and my brother bought a house seven years ago in delhi was worth seven lakh, The house is now worth fifty lakh and The total price of the house was given by Brother, my mother and my name is on the registry of house. Now brothers want to sell the house and I want to know do I have any part on the house or sale value?
Asked on 7/16/13, 4:30 am
1 Answer from Attorneys
Fca Prashant Chavan
Expert Edge LLP
16.07.2013
Dear Sir / Madam,
If your brother has purchased the house and paid the entire purchase consideration of Rs. 7,00,000/- from his funds, even though your mother's name and your name is on the registry. it is purely left to your brother whether or not he wishes to part with the sales proceeds (to you or your mother) that he fetches on the sale of the house.
Regards,
Answered on 7/16/13, 4:39 am
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