Legal Question in Real Estate Law in India

realestate-in coop socity-BENAMEE

a new law enacted yr1988(Benamee transaction).ours is a big family of 11.father died yr 49 when nobody was earning except elder sister.she brought-up every body sacrifissing her marriage.as one-by-one started earning there was a natural requirmant of space to live.also unwritten rule to purchase propty. on MALE''s name. coop hsg socty. act came into being in1961. 1st proprty was purchased in name of MR. X.(NO PROVISION for JT NAME i understand) in1962.-part contribution& part com LOAN to be paid in 20yrs. other propty in name of MR Y pur.in1966.In66 MR Xgot married &shifted out to MR Y PLACE in 68. MR X expired 02 NOMINATINGonly1 i.e. me. acting purely as TRUSTEE. his LEGALHEIRS claim MR Y''s propty was purchased from from MR X''S earnnings . to my opinion/findings since both transactions took place from COMMON POo both propties are JT FAMILY PROPTIES. Moreover there were NO PROVI. to purchase propty JTLY. HEIRS donot agree.Q PROPTY Y.is it not a BENAMEE TRANSACTION if they dont want to understand REAL-PREVELLING-situation? they want PROPTY to be TRANFERRED on their name first. As TRUSTEE i have given my jgmnt BOTH PRPTIES as JNT ' eql shr. to all. Fo 6yrs i m incurring huge exp.REPRS& maints. advse. legaly


Asked on 4/24/08, 4:08 pm

2 Answers from Attorneys

Homi Maratha N.N. Maratha & Co.-Advocates

Re: realestate-in coop socity-BENAMEE

Your question is not clear.

Read more
Answered on 5/02/08, 1:45 am
Shrichand Nahar S.V.Nahar, Advocate

Re: realestate-in coop socity-BENAMEE

Query not clear.

Read more
Answered on 4/26/08, 1:19 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in India