Property is a piece of real estate that is owned legally by the owner. Usually, property passes from a generation to next generation and so on. Usually, property is acquired within a family, when it passes from one generation to the other. All these transferring activities are regulated under The Indian Succession Act, 1925, Transfer of Property Act 1882, and the Registration Act, 1908 and The Hindu Succession Act, 1956.
The various modes through which the property acquisitions take place are as follow: