Is it possible for two friends to buy an apartment together in Bangalore, even if they’re not related? One friend can pay the initial amount, and the other can get a home loan. I’d love to know if this is allowed!

Apni Law
Apni Law
Law Forum › Category: Property › Is it possible for two friends to buy an apartment together in Bangalore, even if they’re not related? One friend can pay the initial amount, and the other can get a home loan. I’d love to know if this is allowed!
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Apni Law Staff asked 1 year ago

Is it possible for two friends to buy an apartment together in Bangalore, even if they’re not related? One friend can pay the initial amount, and the other can get a home loan. I’d love to know if this is allowed!

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Best Answer

Apni Law Staff answered 1 year ago

Yes, two friends can jointly buy an apartment in Bangalore, even if they are not related. One friend can pay the initial amount while the other secures a home loan, as long as they both agree on the terms of ownership and share the financial responsibility as outlined in the property agreement.

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