developmentagrement and general power of attoney
raj kumar reddy
(Querist) 18 September 2010
This query is : Resolved
SIR,
I have entered into registered Development agrement and general power of attorny.
1) to construct residental flat in owners land 1134sqyards.
2) as this is development agrement owers were given38%share in carpetarea constructed,we got 62 share.
3)their are 7 landloreds with whom we have entered into this agrement.ie father and his 2 sons & 4 daughter,total 7 members
4) All the 7 landlords were alloted flats according to their shares(38%)
5)HAS A buildercompleated construction of flats and given flats fallen to the share of landlords.
6) 13 flats were given to the share of land lords
7) 10 days back father expired, this property is of ansisters.
please give your suggestion,
1) Do i have rights to sell and register the flats fall to my share (builder)
2) is their any section in law which says i have right to my share,because we have invested money in construction.
3) if one gpa holders dies,what is the validity of gpa in this case, please help me outsirs,
Devajyoti Barman
(Expert) 19 September 2010
1.yes
2. no
3.the gpa stands cancelled and a fresh one needs to be executed by the rest of the principals.
Chanchal Nag Chowdhury
(Expert) 22 September 2010
Mr.Barman has given the complete answer.
Henceforth be a little careful in your queries. It was extremely difficult to decipher as to what U exactly wanted to know.
