► We have an ancestral property for which I one of the legal heirs. The other 2 legal heirs want to construct an apartment building with one floor apartment for each. As I don't want to construct one for myself, what options do I have to get monetary return for my share of the property.
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1 Answer
Jan 06, 2026
Dear Sir, as per your query,
1. Buy-out by other heirs: Enter a registered family settlement/deed where the other legal heirs pay you a lump-sum amount for your share, based on a fair market valuation.
2. Sell your undivided share: You may sell your share in the ancestral property (first offering it to co-owners) and receive immediate monetary consideration.
3. Partition of property: Seek partition of the property; if division is not feasible, the property can be sold and proceeds divided, often prompting other heirs to buy your share.
For further details, feel free to contact our OLQ Team for a detailed discussion.
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