Gokul Shenoy (Technical Lead) 03 January 2011
Hi, I purchased a flat along with my Sister who is an NRI. I took a bank loan for my part of the share and hence for that purpose the flat is registerd in my name.
Now, i want to make a gift deed (to my Sister of course), so that we both become joint owners. Please note that the loan is still ongoing .
Can anyone let me know the process to be followed . I'm a complete novice in this area.
Thanks,
Gokul
adv. rajeev ( rajoo ) (practicing advocate) 03 January 2011
Unless the repayment of the loan you cannot gift the property. Bank will object for it. Because property is mortgaged to the bank.
Bharatkumar (ADVOCATE ) 03 January 2011
First, U take a NOC from Bank, then u registered a Gift deed in Registrar Office.
steven.j555 (sssssssssssssssss) 04 January 2011
Dear Sir,
Im an indian and my wife is chinese. i want to ask if my wife want to transfer me funds from china to buy a residential property in india as a way of gift? are there any special guideline for this?
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