Legal Question in Real Estate Law in India

Hello,

This is regarding a real estate property issue. We are unmarried couple and we intend to buy a property in Mumbai on loan. can two unrelated people purchase a property? What are the complications in it ?


Asked on 2/25/12, 11:00 pm

3 Answers from Attorneys
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

yes, it can be purchased and the share can be mentioned in the deed itself.

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Answered on 2/27/12, 12:15 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Normally, the lenders do not finance a property owned by two unrelated persons. The reason lenders advance is that in the event of dispute, they may face problems for recovery, though there is no legal bar for the lenders to finance property owned by two unrelated persons.

However, there should be no difficulty in buying the property if loan is not sought.

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Answered on 2/27/12, 5:20 am
Shrichand Nahar S.V.Nahar, Advocate

Check with bank. Otherwise, anybody may purchase a property either singly or jointly.

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Answered on 6/27/12, 12:06 am


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