Search Options
|
IREF® - Indian Real Estate Forum > Real Estate Open House > Indian Property Laws > Can I buy real estate from parents
Reply
 
LinkBack Thread Tools Search this Thread
Old October 8 2012, 12:09 PM   #1
New Member
 
Join Date: Oct 2012
Posts: 1
Likes Received: 0
Likes Given: 0
Default Can I buy real estate from parents

Hi

I intend to buy my one floor in my parents' multi-storeyed home. The primary purpose is to save tax. I do not intend to buy property straight away in the metro I am staying in.

Can you please advise if this is legal and if banks would process the loan?
It would also be helpful if anyone can enlighten on any other legal ramifications etc.?

Thanks
 
Old October 12 2012, 03:45 PM   #2
Member
 
Join Date: Aug 2009
Posts: 132
Likes Received: 11
Likes Given: 4
Default

you have to consider Long Term Capital Gain tax they will have to pay if they sell house to you.
 
Reply
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Join IREF Now!    
Related Threads
Real Estate India, Real Estate Company Gurgaon, Real Estate Developer Delhi, Real Estate Builders
Real Estate India, Real Estate Company Gurgaon, Real Estate Developer Delhi, Real Estate Builders
Real Estate Stock Price reflect Real Estate Growth Story !!!


Tags
buy , estate , parents , real
LinkBack
LinkBack URL LinkBack URL
About LinkBacks About LinkBacks