| Subject : Subject : Gift deed and Transfer of partial % of co-op. Soc. Share |
| Message : Sir, I am single owner of flat in co-op. society in Maharashtra and purchased by me . I have share certificate in my name. Nomination is wife. Now the building is given to builder for redevelopment. I will get free area 1000 sq.ft flat after construction. I want 700 sq.ft 2 bhk flat in my name and 1 bhk 500 sq.ft flat in joint name of my son and me as I will not get loan for 200 sq.ft excess area as I am not earning member. My son is earning member. How I transfer partial % of share in the name of son in society so that builder and bank would be ready to deal with me and my son for two flats in same society. Is it that registered gift deed is required in this case in Maharashtra. Or only transfer of partial share to son will suffice my purpose. --Sudhir |
