BusinessPhoto: News18Hi BusinessLegal Safety of Buying Property in Family Members' Names
Buying property in the name of a family member such as a spouse, child, or parent is legally valid under certain conditions. The Benami Property Law examines the source of funds, the real owner, and the transaction method. If irregularities are found, the property can be seized, and penalties or legal action may follow. Proper documentation like registry, bank transfers, income proof, and gift or loan papers should be maintained carefully.
News18Hi Business·



