Legal Question in Real Estate Law in India
As I had fund shortage, a relative of mine paid for the bank challan for the property under BDA which I own. Registration and all relevant papers including Deed of Conveyance are in my name and I have taken possession after paying other necessary fees. BDA has handed over the papers to me. Now I intend to pay him back the money I owe. Is this property considered Benami? If so, what are the stakes?.
Asked on 5/23/11, 5:29 am
1 Answer from Attorneys
Sanjay Kalra
Sanjay Kalra & Associates
You are the only owner of this Property . The Benami Transaction Act has been revoked many decades ago. So enjoy your property.
Answered on 5/25/11, 4:59 pm