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Can my friend transfer a part ownership of a flat in my name

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Can my friend transfer a part ownership of a flat in my name

Last updated: September 10 2019
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  • Can my friend transfer a part ownership of a flat in my name

    Hi All,

    Thanks in advance, My friend purchased one Flat in Raipur, after some time he started getting hardship in paying the EMIs, he asked me if i could lend half of the money to him and he will transfer half of the ownership of his flat in my name. I already have transferred half of the money to him. Now i am bit confused if its really been allowed to transfer part ownership to a person other than the spouse or family member. And if its allowed how could it be done.


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