Gift deed or will deed

Hi,

First of all, the property you are mentioning is mortgaged to some bank. In such case Gift deed cannot be done or for any kind of document to be executed you have to obtain the permission i.e. NOC of that bank or the financial institution.

And in case of will.. it's not an agreement. Your grandfather can write his will and mention about the property to be transfered to you after his death. Here, after the will, the provisions of the Indian Succession Act doesn't apply. Hence, you can be the owner of that property. But it's going to happen only after the death of your grandfather.

Adv. Yogen Kakade

Pune

juryconincorporation@gmail.com

www.juryconn.in