Gift of land

SAGAR (CA) (129 Points)

27 February 2012  

HELLO FRIENDS, MY CLIENT HAS A PLOT OF LAND AND REGISTERED IN HIS OWN NAME.

NOW HE AND HIS BROTHER BOTH JOINTLY WANTS TO DO THE CONSTRUCTION ON IT.

THEY WANT THAT WITHDRAWALS FOR THE ABOVE SHOULD BE MADE FROM THEIR RESPECTIVE SEPERATE BUSINESS.

BUT BANK IS GIVING THE LOAN ON THE REGISTERED OWNER NAME.

NOW, PLS. HELP ME WHAT TO DO WHETHER HE CAN MAKE A GIFT DEED OF HALF PLOT IN HIS BROTHER NAME

OR ANYTHING ELSE HE DO.

THANKS.