My sole brother who happens to be a hindu got married 4 months back and both belong to the same religion and caste. He recently got a DDA Flat. The cost of flat is 60 lac and the downpayment of around 30 lac will be paid by my father and the rest will be financed jointly by my brother and bhabhi.
We wish to sell the flat after 18 months. What will be the share of bhabhi and dad? Are we supposed to make legal papers regarding equal share of dad since he has made the downpayment? Is the share of property equal to the contribution made by dad and bhabhi? Can bhabhi go to court and ask for equal share? Does it matter if the house is on rent or self occupied? Marriage certificate has been recently made as well.
Fo eg. if we sell the flat for 80 lac. then dad should get 40 lac, brother 35 lac and bhabhi 5 lac (installments paid by her). Am i right? Please suggest. We live in delhi.
