Legal Question in Real Estate Law in India

I have a House in a busy area, which my father inherited from his father. Now I want to sell this house to purchase a new house. This is because the earlier location is quite busy and commercial & want to purchase a house in a more residential area. I am a hindu & I have 2 sons. One is a major and the other is a minor. I would require the entire amount and little more to buy the new house. Can I take this decision as the Kartha.. Please advise a way to move forward. The buyer wants to make my both sons the vendors�

Request you for your advice..

Warm regards,

Sridhar


Asked on 5/14/14, 7:48 am

1 Answer from Attorneys
Fca Prashant Chavan Expert Edge LLP

14.05.2014

Dear Sir / Madam,

Yes, you can sign as the Karta, if the house is in the name of your HUF - Hindu Undivided Family. If you are getting your price, I see no reason why you should not satisfy the buyer's condition to get the signatures of your sons too on the Agreement for Sale of the house.

Regards,

Read more
Answered on 5/14/14, 8:10 am


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