When Rahul Agarwal and Yukti Garg bought a house in Indirapuram, Ghaziabad, earlier this month, they preferred to go for joint ownership. Apart from the emotional reasons that go hand-in-hand with such decisions, the chartered accountant couple also knew the benefits of becoming the co-owners of a property. “Both of us are joint owners of the house because of several benefits that joint ownership offers,” said Agarwal.
Unlike Agarwal and Garg, many homebuyers are unaware about the implications of co-ownership and, therefore, lose out on the benefits.