Conversion of leased land into freehold and its duration
PRIYANKA PANDEY
(Querist) 14 March 2019
This query is : Resolved
SIR/ MA'AM
WE OWN A PLOT IN RK NAGAR, KANPUR. WE HAVE SIGNED A SALE AGREEMENT WITH THE BUYER IN JULY 2018 ON CONDITIONS THAT HE WILL PAY US THE REQUIRED MONEY ONCE THE LAND IS CONVERTED TO FREEHOLD. EVER SINCE THEN, HE IS TELLING US THAT KANPUR DEVELOPMENT AUTHORITY IS PROCRASTINATING IN ISSUING THE GAZETTE AFTER WHICH HE CAN OPT FOR LOAN TO PAY US THE REMAINING MONEY.
MY QUERY IS, HOW MUCH TIME AN AUTHORITY TAKES TO FREE A LAND SO THAT THE SAID DEAL CAN BE PROCESSED. AND ALSO THE AGREEMENT HAS NO DEADLINE ON WHEN HE HAS TO PAY THE MONEY. SO HOW LONG CAN IT TAKE TO FINALIZE THE AGREEMENT OR CAN WE QUASH IT?
Dr J C Vashista
(Expert) 15 March 2019
Seek professional services of an astrologer for forecasting the time to be taken by KDA for conversion of lease to freehold the property held by you.
How you can sell leasehold property without prior permission of land owning agency i.e., Kanpur Development Authority ?
Consult a local prudent lawyer for better appreciation of facts / documents and law applicable on the subject matter.
