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Can an apartment be registered in multiple people's name who are not related ?

Q: We are 3 friends who are interested in purchasing an apartment in Jaipur with cash (without any loan). Question: Can a property be registered into 3 of our names even though we are not related or do not have any enterprise or company tying us together ?
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Replies (4)
1
Yes, you can buy Apartment in Jaipur. Since you are paying in cash so there does not occur any problem related to registration. You can buy Residential Apartments in Jaipur from Okay Plus Group at https://goo.gl/Wyq1Bb
neha goyal


2
Is this provision applicable only in certain states or a general norm. Specifically in Jaipur, Rajasthan.
Vijay Prathap Mohan


3
Appreciate the quick response, Thank you.
Vijay Prathap Mohan


4
Hi Vijay!!
Yes, you can register the apartment in multiple people's name. It can only create a problem when you go for home loan bcz banks issue loan for individual or for blood relation jointly but as per your query you are purchasing in cash so you can do the registration in multiple people's name.
Jeet Bhaskar


I am agree with Jeet...... But remember, while you go for sale, 3 of you should be present and need to sign in front of the registrar. And in future, if any one of you are not agree or not interested to sell then both of you can't sale it.
Akash Kanojia,  Delhi
7th October 2016


5

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