My brother and I, both Hindus, want to rebuild our father’s old house in Bangalore. I’m currently working overseas and can’t be there for the property registration. Can we register the property in both our names legally? We’re planning to take a home loan for construction. Will my absence affect loan approval if my brother applies for it, considering the property will be in both our names? What are our legal options to get the loan approved?
Best Answer
Yes, you can register the property in both your names legally under the Indian Registration Act, 1908, through a Power of Attorney. Your absence may affect loan approval as banks typically require both borrowers to be present for documentation. To get the loan approved, your brother can apply with a Power of Attorney authorizing him to act on your behalf. Alternatively, you can provide a notarized consent letter and required documentation from your current location.
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