I purchased a flat in NAVI Mumbai; part payment was made by my daughter by raising a loan. Flat registered in my daughter’s and my wife’s name. Now loan is fully repaid. I need to get this flat transferred to my and my wife’s name. If my daughter gives this flat to me as gift, will it serve my purpose. Gift deed being cheaper than registration and stamp duty. If wife and myself want to dispose off the flat can we do it on on the strength of this gift deed.
What are other ways for getting a solution.