Background: Transfer of free hold immovable property rights from mother to son via gift deed. Family consists of widow mother (donor) , son (donee) and two unmarried daughters.
Is it valid to have following consenting clause in a gift deed, along with daughters signature:
"Whereas the Donor has got two daughters (sisters of Donee) who though are not having subsisting right over the scheduled property are however do not have any objections for execution of this deed of gift as such they are also signing this deed as consenting witness"
Q1: Will there by any issue for raising loan from the bank against the property by son once the deed is executed ?
Q2. Will there be any issue in selling or transferring the property by son outside the family ?
