Legal Question in Real Estate Law in India

advise.

My lawyer has informed me that if I PURCHASE IMMOVABLE PROPERTY 4 my benefits but IN THE NAME OF MY son from my own money & if I myself takes the possession of the same The transation will b a sham transation & not a benami transation? Is that a correct advise in view of the judgement in AIR 1989 KERALA 317.?


Asked on 9/15/08, 7:12 am

3 Answers from Attorneys
Shrichand Nahar S.V.Nahar, Advocate

Re: advise.

In case of freehold property, it may not be a sham transaction.

Read more
Answered on 9/16/08, 2:51 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Re: advise.

It will not be a sham transaction. You are legally entitled to purchase property in the name of your son out of your own funds.

Read more
Answered on 9/15/08, 7:15 am
SARATHI VP VP VPS LAW FIRM

Re: advise.

PROPERTY IS YOUR SON'S. YOU ARE LIABLE TO BE EVICTED IF HE FILES A CASE AGAINST YOU.

Read more
Answered on 9/15/08, 7:44 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in India