MANOJa

RL Bhatia is now a relived man after he joined hands with a developer.At 85,Bhatia admits that with not much time left for him, he was planning to redevelop his house for the last couple of months. Well, he is not redeveloping his property for the sake of earning some quick bucks.The ex-cop Bhatia says that he is well off economically and hardly needs more money for himself and his wife.

"I joined hands with a developer in order to give a share of my property to all my three kids with a clear title . The idea behind giving them property with clear titles is that they do not fight over it after I and my wife depart from this world," he says. Sameer Jasuja, the CMD of PropEquity, says that redeveloping landed property is really very sensible thing as it gives owner enough scope to demarcate his or her property among their kids apart from the fact that they also earn a good amount of money.

"For instance,if you have three kids, you can easily bequeath one floor each to your kids with clear titles. It is not easy to bequeath your one landed property to more than one kid," he says. Realty experts say that it is wrong to believe that a large number of people sitting on properties worth a fortune in the capital redevelop their properties to earn more. Sanjay Khanna, the director of Kailash Nath Projects Pvt Ltd,says:"Given that even the dearest of siblings fight to finish on the issue of properties , it is expected that all those who have landed property bequeath their properties with clear and clean title to their children."

"It goes without saying that if parents bequeath properties without any title dispute to their kids, they would be doing them a great service. Then they can leave this world in peace,with the comforting thought that their kids would not fight over property that they left behind," Khanna says.

There is no denying the fact that in the absence of a clear title, apart from the siblings' fights over the property, many innocent buyers may get ensnared into legal brawls later. Alimuddin Rafi Ahmed,the MD of ILD group, says: "Before buying a piece of land, buyers must inspect whether proper approvals for development on the property,and for the building plans,have been obtained.

If you are booking a flat in some project of a realty firm, then it is advisable that you thoroughly check the copies of the construction plans and layouts of the project and the buildings. It will help buyers assess the property , and also see whether it matches with the approval granted by the authorities. This will also come handy for buyers on a later date if actual construction deviates from the plan." Neeraj Jha (name changed), a Delhi-based journalist,narrates the sad story of his own family where siblings fought for several years as the title of the property left behind by their parents was not clear."It was very sad.

I was involved in a protracted legal battle with my two brothers on the issue of dividing the family property. At the end of the day, I feel that all those owning properties must ensure that their kids do not suffer either in the absence of clear title or for any other reason."

ver_amit

Good article but the problem still can be created by any sibling on the ground that he/she deserve more or partition was not fair. It may not get any benefit to plaintiff but they can drag the defendant for many years in civil court. Just depends who want to bother whom and how much .