I have a house which is gifted to me by my wife(duly registered).This house is gifted to my wife by her Mother which is also duly registered. After my Mother in law’s death my brother in law claimed 50% of the said property and sued us.This case is still pending in court( Please note that this case is not the issue and we have upper hand in the case). In the mean time,I gifted my housing property to a local promoter. In return he gifted me two flats. These three gift deeds are duly registered. I also paid stamp duty and registration charges for the two flats but I have n’t still taken possession of the flats neither did I vacated my old house. Actually I have 2 months to vacate my property. In the meantime , the promoter is pressurizing us to surrender him the original property deeds.( the one which my wife gifted to me and the one which her Mother gifted to her) Point to be noted –the original of the deed which I gifted to the promoter rests with the promoter. This is the issue. I have a case pending at court,how can I give the original deed. The promoter is saying that he need the above document to apply for loan. Is this at all needed? Do you think he is upto any ill motive? If yes what he can do? How can we tackle the whole situation?
Asked 6 years ago in Property Law
Religion: Hindu
Thank you Sir for your answer. The promoter is asking the back deeds before we have taken possession of the property. He has even denied to make the flats ready to be used. In this scenario, should we give him the back deeds? Please note that we have a case pending at court where the back deeds may be needed.
Asked 6 years ago