Legal Question in Real Estate Law in India

Dear Sir/ Ma'am,

My name is Ram and I have one younger sister. My Father owns a house in Hassan, Karnataka. Now, I have got several loans and my father also have few loans.

Now, we need money for my sisters marriage. My father wants to sell his house (he purchased from his own earnings). I would like to know whether I can purchase the house from my father. My sister is ready to give a NOC to avoid any legal complications.

My Questions are:

1) Can I purchase this house from my father?

2) Which are the banks that gives home loans for purchasing property from relatives/parents.

3) What are the other documents to be produced in this case apart from Address proof/ID Proof/Income Proof/House Documents? I mean any documents specifically for avoiding legal implications?

Complete guidance will help me a lot.

Thank you very much in advance.

Regards,

Ram


Asked on 9/22/09, 4:51 am

1 Answer from Attorneys
Shrichand Nahar S.V.Nahar, Advocate

1. Yes.

2 & 3. Ask banks.

Read more
Answered on 9/22/09, 5:47 am


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