Legal Question in Real Estate Law in India
We bought a piece of land last year and have started construction of a house. Though we funded the entire amount the land was registered jointly on my husband's & father in law's name. Now I am pumping a lot of money for the house construction. I am worried about my stake in this property. Because it is also in my father in laws name, is there a possibility that my husbands siblings can claim share in the future ?
How difficult is to get myself added to the deed now and if possible how much will it cost ?
Regards
Rani
3 Answers from Attorneys
Rani: You should insist upon inclusion of your name in the title of the property before making any further investment. your name may be included by way of a registered gift deed in your favour by the existing owners which not be very costly.
As a matter of fact, any developments made to the land will be belonging to the land owners.
You may do onething, get a MOU between yourself, your husband and in-laws w.r.t. sharing rights over the land or have a gift deed or release deed for a portion of land. The cost will not be more.
inclusion of your name and relinquishment deed of your father in law seems the solution.
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