Legal Question in Real Estate Law in India
My husband has a sister. She is married. Myself ,my husband , my son and my daughter were staying in my father in law's house for 25 years. We have no house of our own. We were taking care of my in-laws. My father-in-law retired from a private firm and my mother-in-law was a house wife. My father-in-law died in 2009 and my mother-in-law died in 2010. Both of them did not leave any WILL regarding their house or the company shares my father in law was having. We are ready to give half of the company shares to my sister in law. She also wants equal in share in the house. What to do now? please help. Incidentally the house in which we were staying is going under redevelopment. The redevelopment work has not started yet. It will take one or two years to start. My siste in law wants the money now on the basis after the redevelopment.For eg. now the sale price of the house is only Rs. 60 lakhs. She is demanding Rs.50 lakhs taking into consideration that after 5 years the value will go up to Rs. one crores. Please give your comment.
3 Answers from Attorneys
Legally your sister-inlaws has 50% share in her parents property but i have few questions to ask you before i give you my legal opinion.
this is strange. your sister in law can only seek half of the sale value at the present rate and not the future rate. try n convince her for 30L else let her seek legal recourse.
Let court decide the price.
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