Advise on sale of property

CA HARPREET SINGH (Job) (317 Points)

01 May 2013  

 

 
hii  Friends 
 
I have a query..My friend is having 2 properties. One is at janakpuri & other one is at fridabad. Loan on Janakpuri property is 20 Lacs & on Fridabad property 15 Lacs .  Market Value of Fridabad Property is around 40 Lacs. Now my friend want to dispose off the fridabad property at the rate of 40 Lacs and wants to get rid off from both the Loans.

Plz Advise the same..

Thanks in advance..