They separated in 1996. During which one house in Bangalore was allocated (Not registered) to my father.The house is currently joint property of wife of A and wife of B (wives of my father`s Brothers)
But now to avoid any future complications, we are planning to get the house registered in my name.
What is the best way to move forward.
If your father was allocated this house property by an oral partition no doubt he will be absolute owner of the property, however while he is making a settlement or gift deed in your favor, let other also sign the said registered document so that there cannot be a claim in the later stage or in future by others.
Can the house be registered in my name by the way of gift deed?
Yes, if the other sharers do not create any problem over this.
If yes, can the gift deed be revoked in future?
Once it is executed and duly registered, it cannot be revoked until by a court order.