Legal Question in Real Estate Law in India
Real estate and property law
I became a Member of a Cooperative Group Housing Society, by virtue of the flat being mutated in my name. Can I now purchase a flat in the same Society in my wife's name separately? Will she be allowed to become a Member separately? Please guide.
4 Answers from Attorneys
Re: Real estate and property law
As per Income-Tax laws, wife is an independent entity and is entitled to hold property in her name.
However, holding of property will depend upon State rules as also the bye-laws of your society.
You should consult the society bye-laws as also the Rules framed under State Cooperative Societies Act.
Re: Real estate and property law
go through the rules and bye laws
Re: Real estate and property law
yes in the eyes of law husband and wife are seprate entity. she can purchase the flat in her name and can become the memeber of the society.
Re: Real estate and property law
Most of the society restrict purchase of more than one flat by same family. Please check bye-laws of the society before purchase.
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