Legal Question in Real Estate Law in India
If Ancestral Property Sold and out of that consideration another property purchased wether it can be considered as ancestral property or not?
Asked on 9/19/09, 11:51 am
4 Answers from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
yes in caes the unpartitioned ancestral property is sold and another purchased out of those funds, its again an ancestral property unless after the sale the proceeds were not divided giving effect to partition.
Answered on 9/20/09, 1:58 pm
Sudershan Goel
India Law Offices of Sudershan Goel - Advocate
I agree with the above opinion.
Answered on 9/21/09, 5:22 pm