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

All of u can sell their1/8th share but not specific portion

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Answered on 2/06/12, 3:33 am
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.

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Answered on 2/07/12, 1:12 am


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