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gita (--)     08 April 2013

Joint development of property which is in brothers name

 

My mother had a property (house on 80’ x 70’) gifted to her by her brothers.

She had made no will. We are one son and 5 daughters

We sisters signed an agreement deed and the property was transferred to my brother.

1.   1.  Is this considered as ancestral property? Could any of the sisters or sister’s children  contend the  deed of transfer to brother at a later date?

2.   2.  By mutual consent we siblings are interested in doing a joint development in this property now. How to amend the deed ?

3.    3. Is there a way we can make an agreement  so that my brother retains a greater share in the property ?



Learning

 1 Replies

Adv Rohit Dalmia 9324538481 (Lawyer)     08 April 2013

since your mother was gifted the property, thus it is not an ancestral property. As you all sisters have relinquished your rights in favour of your brother thus your childrens in future cannot dispute the same against your brother.

 

Now if you want to develop jointly then you need to execute a fresh agreement for joint development wherein what amount you are putting as capital/money and share of percentage of profits in Joint Development of property needs to be mentioned alongwith other details.

 

Regards,

Advocate Rohit Dalmia

9324538481


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