Banking regulation on home loan on gifted property


(Querist)
11 July 2018
Dear Expert,
Recently I going to be purchased a house property whichever given to the owner in Gift. The Gift deed is duly registered but contain condition of nontransferable of aforesaid house property. When I consulted from my home branch manger for home loan, he said he didn't gives loan on gifted property, because of condition of non transfer-ability. please help ?


CA R SEETHARAMAN (Expert)


Click to Talk 11 July 2018
You can't buy the property as the owner doesn't have the right to sell. Conditions put on gifted property prevail.


You need to be the querist or approved CAclub expert to take part in this query .


Click here to login now



Similar Resolved Queries :






×
close x
Online GST Class    |    x