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IREF® - Indian Real Estate Forum > Real Estate Open House > Indian Property Laws > Can son buy house from father on loan??
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Old December 7 2009, 05:34 PM   #1
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Default Can son buy house from father on loan??

Hi folks,

Wanted to understand that can i buy a prime property ~80L from my father?

Property is registered in father's name, i want to raise cash & property will remain ours this way.

This cash can then be used for buying land/another property on full down payment etc.

Any suggestions? many banks i approached have denied that they can do it.

Please suggest how can this be managed.

Also i want to buy it on POA (Power Of Attorney) from him so that i don't go for re-registration of the property to avoid heavy amounts being lost just for nothing.

Thanks
 
Old February 28 2012, 08:49 AM   #2
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Khosla ka Ghosla
 
Old February 28 2012, 07:25 PM   #3
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hahaha... very old thread but I must say that the human mind is really innovative
 
Old March 8 2013, 02:39 PM   #4
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make a gift deed and in that write that the father is giving this gift to his son that is u in love and affection and after that raise money from it and do with money whatever u want to do.................
 
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