Intend to sell a property which is jointly owned by my wife and my sister in law (brother's wife). Since my SIL lives in the US and is unable to come in the near future, how do we execute the sale? Is GPA a valid route in selling? Will buyer agree to such an arrangement?

Hi, i plan to purchase a property jointly with my sister. Have the following queries: 1. Can the house loan be solely on my name as i am the earning member 2. My sisters owns a house which she plans to sell off in few months. Can the gain from the sale be used to payoff the joint property loan.

Dear Sir, We have inherited a property in Bangalore. The property was in my Mother's name who attained lotus feet last November. This is a bit complicated situation. 1) The actual payment for the property was done in 1998. 2) The property registration in My Mother's name was done in 2016. The value of purchase in 1998 was 6 Lacs. Renovation and modest addition is approx. 6 Lacs. 3) The property in now co owned by self and Brother. 4) We have a sister who has signed release deed. 5) The current market rate is approx. 1.7 Cr. My question is, 1) If we sell, can we ask the buyer to make separate payments to the two of us? 2) We intend to pay our Sister (resident of Australia) some portion of the recievables. Can we ask buyer to make separate payment to her? 3) We have an existing home loan which we intend to close using the money. 4) How will the LTCG role out in this situation? Also as of today there is an amendment that we can chose either 20% with indexation or 12.5 without indexation. Which is the right one to chose? Request your valuable guidance, please.