India  |  Real Estate Law

Legal Question

Asked on: 5/06/13, 6:35 am

Sir,

My son in law is a NRI .He wants to purchase a half built house from his brother. The site is at Dharwad [Karnataka]

Please guide in the following matters.

1] Whether his brother can transfer the property rights to him through a transfer deed.

2] The building construction is in progress, his brother has availed a loan from Canara Bank, and my son in law he too wants

the loan .What procedure is to be followed.

2 Answers


Answered on: 5/06/13, 6:38 am by Fca Prashant Chavan

06.05.2013

Dear Sir / Madam,

1. Yes, with the prior consent of Canara Bank who have given the housing loan.

2. The procedure as is laid down by Canara Bank is required to be followed.

Regards,


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Expert Edge LLP prashant.pscl07@gmail.com "always A Step Ahead", Mumbai 52

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Answered on: 5/06/13, 11:02 pm by Shrichand Nahar

1. May be.

2. As required by Bank giving loan.


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S.V.Nahar, Advocate Pune, 411004

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