Agreement for development and gegeral power of attoney
Querist :
Anonymous
(Querist) 20 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,
4) what happened to the development agreement.
5)other six agreement holders are alive and they have wright over the property.
and remaing 6 gpa holders are the legal hairs of the dead ones.
6)every one, has given flats, as per the agreement. they are in pocession of the samenow.And the person who got expired has given 1 flat, which is now in his name.who will have wrights over this flat.
7) please suggest me why do me need fresh gpa in case of one off 7 gpa holder expired, does the other 6 gpa holders do not have wright on the gpa which they have made.
please suggest me what can be done in the above cases,
Expert : Sri Vijayan.A
Posted On
18 September 2010
1. There is no problem for you
2. The other 6 are the absolute owners now
3. As these 6 are alive, the gpa is still valid
4. However, pl make a fresh gpa executed by these 6 and get it registered
5. This is to avoid further and future problems
Querist :
Anonymous
(Querist) 20 September 2010
sir,
4) what happened to the development agreement.
5)other six agreement holders are alive and they have wright over the property.
and remaing 6 gpa holders are the legal hairs of the dead ones.
6)every one, has given flats, as per the agreement. they are in pocession of the samenow.And the person who got expired has given 1 flat, which is now in his name.who will have wrights over this flat.
7) please suggest me why do me need fresh gpa in case of one off 7 gpa holder expired, does the other 6 gpa holders do not have wright on the gpa which they have made.
please suggest me what can be done in the above cases
Sri Vijayan.A
(Expert) 20 September 2010
I can't understand ur question please.
Please put ur question in clear terms.
Sorry, don't take it otherwise.
Thank you
Y V Vishweshwar Rao
(Expert) 20 September 2010
1-Is it in AP
2- The Development agreement is executed - promises complied on the part of the Builder - Builder Delivered the Agreed flats to the Owners - The Builder Acquired rights and interest in the Completed Complex/project to the extent of his 62 % Share as per the Terms of the Development Agreement and there is GPA from all the Owners but one of them died . The other GPA Holders are available in their original individual Capacity and after death of one of them - their father as Legal heirs .
GPA Cum Dev Agreement there will be with one another clause that - not withstanding the Death of the Land owner/s and Principal under GPA - the Agreement shall be in force and shall be executed by the Builder as Person/Party having acquired interest in the property and having proceeded with project in terms of the Agreement . The Lrs have already given GPA and a note by Lrs/ other GPA Holders be obtained that their GPA is in their individual capacity and also after the death of their father as Legal Heirs of their father
*** However the Terms of the Dev. Agreement cum GPA to be Verified
