I own a flat in a cooperative society in Mumbai purchased number of years back. The property documents and the society share certificate are in joint names of my wife and myself. No nomination has been made so far. My wife expired a few years back.
I would like to make the nomination for my 50%, but the society is requesting that I first transfer the flat to my individual name, before I can make the nomination. I want to make the nomination for my 50% interest in the flat only.
Ideally I would not like to transfer it to my individual name, as I am getting old and dont want any one to coerce me into selling it once it is on my individual name. I have three children.