91+ Lawyers are online 
Can a government employee purchase more commercial property
06-Apr-2023 (In Property Law)
I am GOVT employee I have a FLAT in panchkula can I purchase more commercial PROPERTY। Sir my husband also GOVT employee
In general, there is no bar on purchasing commercial/ residential or any kind of property for a Govt. Employee. The only notable thing is that any such purchase should be in consonance with your source of income and if situation arises, you should be able to show your means to purchase any such property..
With regard to give prior intimation or seeking prior permission before purchasing any such property, it depends upon the nature of your job profile and rule books, you are governed by.
With regard to give prior intimation or seeking prior permission before purchasing any such property, it depends upon the nature of your job profile and rule books, you are governed by.
Helpful?
285+
285+
Adv. Deepak Verma
Chandigarh | 100+ Answers
CONTACT NOW
Yes, why not. You both can purchase commercial as well as residential proptetiies, only one condition that, property value should Not be more then your savings of previous years. Meaning there by you should have funds explanations...
Helpful?
62+
62+
Adv. Jagan Nath Bhandari
Chandigarh | 200+ Answers
CONTACT NOW
Madam, there is no bar in purchasing property unless and untill you have legal resources to buy the same. The thing is your assests in toto should be proportionate to your disclosed income. If it is so, then there is no neex for you to fear anything. Check it with your CA.
Helpful?
80+
80+
Adv. Ruchi Sekhri
Mohali | 100+ Answers
CONTACT NOW
Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.
Connect with top Property lawyers for your specific legal issue
No Comments! Be the first one to comment.
"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."
