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