Legal Question in Real Estate Law in India

Due to fund shortage a relative of mine paid for a property registered in my name. I took possession recently and sold the property subsequently. All papers including conveyance deed were in my name. I sent him the money I owed. Now is this property considered Benami under new Prohibition of Benami property Act of 2012? If so, what are my stakes ? Can the relative put me in any kind of legal trouble ?


Asked on 4/01/12, 11:26 am

1 Answer from Attorneys
Shrichand Nahar S.V.Nahar, Advocate

If one borrow money and use it for purchase of property, then provisions of Benami Act may not be applicable.

Read more
Answered on 4/02/12, 3:37 am


Related Questions & Answers

More Real Estate and Real Property questions and answers in India