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Gift deed property under redevelopment
23-Jan-2025 (In Property Law)
Hi, My mummy owned the property from starting and we are 4 brothers and sister, mummy lives with me only so she had registered gift deed me and wife our home, due to dilapilated building trasfer were stopped by the cidco so we did not resume the transfer, now the property has gone to redevelopment and builder is registering the PAAA, can you suggest me what needs to be done , should i register in my and wife name or have to resume with mummy name as this was not trnsfered before redevelopment.
Since the gift deed was executed but the transfer was halted by CIDCO, the property remains in your mother's name legally. Before registering the Permanent Alternate Accommodation Agreement (PAAA) with the builder, you should check with CIDCO and the builder whether the transfer can now be processed. If CIDCO permits, resume the transfer in your and your wife's name before registering the PAAA. Otherwise, the PAAA must be executed in your mother's name as the legal owner. Consulting a property lawyer is advisable.
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Adv. Ranabir Datta
Pune | 100+ Answers
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