Legal Question in Real Estate Law in India

i bought a house in 2009. I took a home loan of rs 34 lakhs. Out of love and affection for my elder sister and the fact that she could also get some tax benifit, i put her name as the co-owner of the house. I took the entire loan under my name and bank account and started paying heavy EMI (which i will continue till 20 years). Now my sister's mind is changed and she is threatening to keep the half of the property with herself after i finish paying those EMIs for 20years! Please note she is not paying even a single rupee in the EMIs. she is settled in USA- california. What to do?

Asked on 10/31/12, 9:31 pm

3 Answers from Attorneys

RAJIV GUPTA (Cell: +91 9811284735) [email protected]

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This is a strange situation. One needs to go through loan documents and property papers to help you in this situation.

Log on to www.karvai.in for further guidance.

Answered on 10/31/12, 10:38 pm

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Sanjay Kalra Sanjay Kalra & Associates

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Settle the issue amicably as your sister is the 50% owner of this land . The source of fund(s) are not important but the ownership. Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the legal services we are rendering for our clients from all over the World.

Answered on 10/31/12, 11:18 pm

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