Buying property on spouse name without loan

Hello,

We are residing at Pune, Maharashtra.

My husband is currently selling his property which is solely on his (Hemant) name. We are thinking to buy new property (in same cost, no loan) on joint name (my [housewife] name first and his second).

Do you see any tax implications for my husband or me? We are not going to take any loan.

Note: My husband is only earning member in our family.

What are advantages and disadvantages of it?

Thanks in advance,
Purva