Yogesh
29 May 2020 at 14:38
My father has gifted 3000sft land to me and my brother using gift deed. I have now built apartment alone with 100% investment from my side. My brother do not have capacity to invest. After construction there are 8 flats. My brother and I had mutual agreement that 2 flats will be given to him and 6 will be kept with myself. Since he hasn’t invested any amount he is also OK. Now I want the land to be proportionally distributed to secure the land title against my flats. Means I will have to own 75% of land instead of 50% which is in proportion to 6 flats. Which deed to preferred out of gift deed, or relinquishment deed or sales deed. Property is located in Chinchwad maharastra.
Transfer of immovable property
My father has gifted 3000sft land to me and my brother using gift deed. I have now built apartment alone with 100% investment from my side. My brother do not have capacity to invest. After construction there are 8 flats. My brother and I had mutual agreement that 2 flats will be given to him and 6 will be kept with myself. Since he hasn’t invested any amount he is also OK. Now I want the land to be proportionally distributed to secure the land title against my flats. Means I will have to own 75% of land instead of 50% which is in proportion to 6 flats. Which deed to preferred out of gift deed, or relinquishment deed or sales deed. Property is located in Chinchwad maharastra.