AJIT MUMBAI (ENGINEER) 26 February 2014
Vineet (Director) 03 March 2014
You can define your share in the new house with your son. However, since it is NRI Loan, it really be difficult to show your ownership in the flat.
If you could really do so, you can sell your existing house within one year and repay the loan. You will be eligible for exemption u/s 54.