Buying a Home Together? A Guide for Same-Sex Couples in India

Here are a few things same-sex couples should know before buying property in India:

1. Same-sex marriage is not yet legal in India. This means that same-sex couples will not be able to purchase property jointly in their own names. However, they can purchase property individually or in the name of a third party, such as a trusted friend or family member.
2. There is no specific law that protects the rights of same-sex couples when it comes to property ownership. This means that it is important to have a clear and comprehensive understanding of the property ownership laws in India before purchasing property.
3. It is important to choose a property that is located in a safe and inclusive neighborhood. Same-sex couples may face discrimination from some landlords and property owners, so it is important to do their research and choose a property that is located in a neighborhood where they feel comfortable and accepted.
4. It is important to have a clear understanding of the financial implications of purchasing property. Same-sex couples may face additional challenges when it comes to obtaining financing for property purchases, such as higher interest rates and stricter loan terms.
5. It is important to have a will and estate plan in place. This will ensure that the property is distributed according to the couple’s wishes in the event of death or separation.

Here are some additional tips for same-sex couples who are considering purchasing property in India:

• Work with a knowledgeable real estate agent. A good real estate agent can help you find a property that meets your needs and budget, and can also help you navigate the legal and financial challenges of purchasing property as a same-sex couple.
• Consider purchasing property in a joint venture with another couple. This can be a good way to pool resources and reduce the financial burden of purchasing property.
• Have a clear and comprehensive property ownership agreement in place. This agreement should outline the ownership rights and responsibilities of all parties involved.
• Register your property with the local government. This will help to protect your ownership rights and make it easier to transfer ownership in the future.

It is important to note that the legal landscape for same-sex couples in India is constantly evolving. It is important to consult with a qualified lawyer to get the most up-to-date information on the laws and regulations governing property ownership by same-sex couples.

Disclaimer: The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information.