Legal Question in Real Estate Law in India
We have a joint property in kolkata. There are 5 shareholders. We 4 brothers and sisters out of 5 want to sell our shares of the property to an outsider. Is it possible legally? What is the procedure like?
Asked on 2/06/12, 3:18 am
3 Answers from Attorneys
Shrichand Nahar
S.V.Nahar, Advocate
You need to check with regard to local law and personal law governing you and property.
As far as Transfer of Property Act is concerned, it permits sale of undivided shares.
Answered on 2/07/12, 1:12 am
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