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Can we ask money invested in house few years ago
10-Mar-2023 (In Property Law)
15 years ago,my Father's elder brother means my uncle and our family has decided to built home jointly.In 2004 house is almost built.father took retirement from job and ask for leave the one side of house then my uncle said No.My father gave almost 4 lacs during construction before 15 years and now if we build new house then to build it we have to invest 10-15 lacs .Now we want that my uncle gave us money back according to today 's market rate.Please Advise me what action can we take to get our money because now father don't want to live in that house.
Get the property in question partitioned or else you can sell your share to any 3rd party or can even rent it out. In that way you can get today's value of property. Legal position is clear that partition can be done. If partition is not possible due to some reasons, the property can be sold jointly at market rate.
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Adv. Amit Kumar Bedi
Patiala | 25+ Answers
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