Purchase of flat in navi mumbai

Sharin Seth (Querist) 19 December 2012 This query is : Resolved
Dear Experts,

I am a housewife.My parents have decided to sell their flat in Navi Mumbai at half(Rs.25 lakhs) the price of its original(Rs.50 lakhs) to me as a token of gift.

Now me & my husband have decided to go for a loan in his name for the entire Rs. 25 lakhs.
My query to you is, is it possible for me & my husband to jointly get the flat registered in our names instead of my husband alone & me just the co-owner?

If yes, then what are the formalities involved in getting the names registered?

Please advice!!

Sincerely,
Sharin Seth

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Raj Kumar Makkad (Expert) 19 December 2012
There is no special formality for this. You both should get the registered agreement and thereafter sale deed in equal share and banker shall also accept it.

R.K Nanda (Expert) 19 December 2012
contact local lawyer.

Sharin Seth (Querist) 20 December 2012
Thankyou so much Mr. Makkad for your advice. It was of great help to me.

Thankyou Mr. Nanda for ur reply.

Regards,
Sharin Seth

Raj Kumar Makkad (Expert) 20 December 2012
Welcome for your appreciation.

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