Legal Question in Real Estate Law in India
what is the course of action?
I purchased house in the name of my brother in the year of 1985 & took possession. The whole of the money was spent by me from my resources & my brother was only a name lender. Now, i want that my brother's name be replaced by my name in the property papers.What should i do.? Also, tell whether the procedure of doing so will attract the provisions of prohibition of benami transation act.1988?
Asked on 9/29/07, 2:24 pm
3 Answers from Attorneys
Homi Maratha
N.N. Maratha & Co.-Advocates
Re: what is the course of action?
The best way is to lodge a gift deed or sale deed
Answered on 10/01/07, 1:14 am
Re: what is the course of action?
Transaction is prohibited under prohibition of benami transation Act.1988
Answered on 9/29/07, 10:18 pm
Shrichand Nahar
S.V.Nahar, Advocate
Re: what is the course of action?
Get a gift deed or sale deed done.
Answered on 9/30/07, 12:47 am
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