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Real Estate Forum on Joint Ownership

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Latest Answer: If a husband and wife are the joint owners of a property and if the wife has a separate source of income, then they can both claim tax deductions individually. The tax benefit will depend on the ownership share of each co-owner. It is always advisable to buy property in the name of wife to get tax benefits.
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Latest Answer: Hi Guys , In my point of view, builders had repeatedly approached the DTCP seeking joint rights, citing both delays in completion of projects and starting new ones, particularly in instances where actual costs exceeded estimates. He also said this was a change in beneficial interest of the existing developer and policy parameters to enable decisions on such requests needed to be prescribed.
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Q: Hey,
It seems that Godrej Properties are going to develop Vikroli projects with Joint Venture with Godrej& Boyce .
Latest Answer: Hi, With this new project in Vikroli,the company will have about 5 million sqft of saleble area which is under various stages of execution or planning.
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Q: Because currently joint development is a win-win situation for both as seen in some cases.

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Q: Is Joint ownership is possible in buying plot, me and my friend planning how to go home loan.
Latest Answer: In majority of the cases it is allowed to a husband and wife or parent and child. Friends are not permitted to take a joint home loan.
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