Buying a cancellation of gift deed

Once, a gift is registered and property is delivered to and accepted by the donee, donar won't have any authority to cancel it unilaterally without the concurrence of the donee.

In my view, under muslim law, a person can't gift more than 1/3rd share of his/her property.  So,  gift is not valid wrt 2/3 rd share.

you can buy it if the gift deed is cancelled with the concurrence of both donar and donee otherwise not.

I beg to differ with Ld.Parasmurthy when he says that gift can't be of more than 1/3rd - the 1/3rd cap applies only in cases of wills/death bed gifts(marz ul maut). 

I agree with him when he says that a Muslim Gift once completed by 1) Declaration 2) Acceptance 3) Delivery of Possession. It is irrevocable. What is once given cannot be called back. However if one of these elements is missing even the registration of gift deed won't vest title in the daughter. 

Hence a detailed examination is required. If the gift stands valid as per principles of Shariat - it can't be sold without concurrence of daughter - I would advise you to steer clear & save your investment.

Feel free to talk !

Bharath sir,

Thank you for correcting me.  I have mistaken.

Thank you for both of your comments, very informative.