Legal Question in Real Estate Law in India
hi,sir,my friend is a legal guardian of the property gifted to her children,s executed by her mother in law grand ma to her children,s aged about 13,12,and 09..now my friend wants to take consruction loan from bank,is it possible ,and khata reflects all the names of the donors,plz help regarding this......
Asked on 5/12/11, 8:24 pm
3 Answers from Attorneys
KarVai Legal Solutions
Rajiv Gupta 9811284735 Ch.No: 359, Western Wing, Tis Hazari, Delhi www.karvai.in
as she is mother of the children she is the natural guardian of the minor's estate and she want to mortagage the property for construction loan she has to take the permission of court filing an application to this effect .so the answer is yes if the court allows and it has to be shown to court that it is for the welfare of the minor's.
Answered on 5/13/11, 8:47 am
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