My father wants to buy a flat for me by taking the bank loan. Some says - first the property should be registered in my fathers name and later on, after loan is cleared, should be transfered to my name. Some says - Father can purchase property for his daughter. Property can be registered in my name irrespective of loan status. My father wants to write the property in my name and pay the loan. He have enough resources to pay the loan. What is possible as per law here?
1. First register the property in his name and later transfer the property after loan is fully paid OR
2. Register the property in my name but my father pay the loan
Please answer my issue.
