Legal Question in Real Estate Law in India

can a person buy a stake in a residential flat & raise a home loan to buy that stake ?

For Example Mr A has residential property worth 1cr & his son wants to buy 20% stake in that property . Can his son buy that share by availing a home loan ?


Asked on 3/08/10, 3:50 am

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

yes, in that case A has to execute a sale deed in respect of 20% of share in the property in favour of his son.

Read more
Answered on 3/08/10, 4:03 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

Yes, there is no legal bar for such a transaction.

Read more
Answered on 3/08/10, 9:14 pm


Related Questions & Answers

More Real Estate and Real Property questions and answers in India