Legal Question in Real Estate Law in India
Me and my father bought flat in Thane (Maharashtra,India) in 2007 .
The flat is on our both names (1st mine and 2nd my father) I have taken homeloan of 13 lakhs (Total Flat value is 24 Lakhs) for buying this flat.i am still paying EMI for loan.
Now my father is expired. I have 6 sisters who claims that as the flat is on me as well as my fathers name, they should get 50 % share in the flat.
they want me to divide the 50% price of flat in 7 parts and give them there share.
Is it correct as per the law (Indian, Hindu Community). Please advice.
Asked on 3/13/12, 6:36 am
1 Answer from Attorneys
Shrichand Nahar
S.V.Nahar, Advocate
Your sister may be right in claiming share in the property of father.
Answered on 4/06/12, 11:39 pm
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