Sir . My mother in law and my wife transferred their inherited property in the name of my twin sons through registered deed of gift in the year 2007 . My twin sons born in 2004 are still minors .now we r willing to develop that land into apartment and sale some residential flats . 40 or 30 percent of the apartment will still remain with the kids having valuation much more than bare land. And they will also recieve some rental income too . Can it be done ??? And how much time will it take for court to grant permission?? Plz help
Asked 7 years ago in Property Law
Religion: Hindu
Sir I have heard that guardian ship act does not allow even a natural father to sale minors property.but permission is still granted by court on account of benefit of child ....but it involves a fair bit of time . The problem is that my mother In laws building is very old and even repairs are not possible...plz help
Asked 7 years ago