Apni Law Staff asked 2 years ago
My father and his close friend built two identical houses with a shared wall in 1988. Sadly, my father passed away, and his friend wants to sell his house to someone else. We don’t want a new co-owner, so we offered him 12 lakhs to buy his house. However, he refused because a real estate agent found a buyer willing to pay 15 lakhs. The government assessed our house value at 5 lakhs when we took a bank loan. Is there any way we can still buy his house for 12 lakhs? Any advice would be greatly appreciated.
Best Answer
Apni Law Staff answered 2 years ago
Indian law doesn’t force a property owner to sell at a specific price. The government assessment is not binding for sale transactions. You can try negotiating again or approaching a court for mediation, but there’s no legal guarantee you’ll get the house for 12 lakhs.
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