Archit Kumar Sood
Property has traditionally been considered one of the most preferred assets. Legally, most properties broadly fall under two categories, ancestral and self-acquired. In the case of self-acquired property, the owner has the right to further develop or dispose of the property as they see fit as long as it is through legal means.
However, when it comes to ancestral property, matters become more complicated. An ancestral property has a complicated ownership structure, which makes it difficult to manage repairs, maintenance, or sale. As a result, ancestral properties are often left to ruin. However, there are alternative means to manage such properties, such as handling them through a property management firm.
Complex property rights