Apni Law Staff asked 2 years ago
My brother works at SBI and we’re planning to buy land to build a house. He wants to take a home loan to cover both the land and construction. He says the property will be in our father’s name. I’m willing to share the loan interest, but I’m worried. If things go wrong between us later, can I claim a share of the property? Is it even possible to buy land in our father’s name if my brother’s the one taking the loan?
Best Answer
Apni Law Staff answered 2 years ago
Under Indian law, if the property is registered in your father’s name, it’s legally considered his asset regardless of who financed it. While you can contribute financially and share the loan burden, without your name on the property title, you have no legal claim to ownership. It’s crucial to discuss these concerns with your brother and consider registering the property jointly to ensure your rights are protected.
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