Regarding documents for land sale to a developer

Querist : Anonymous (Querist) 30 December 2023 This query is : Resolved
Hi, we have a land of 22 acres in our village and its in behalf of all the 6 family members unpartioned. we all want to sell the land to a developer and all my family members don't want to give it for development for 60:40 share so all decided to sell it for outrate and there are some conditions set by our family members that they won't give GPA until 25 percentage of payment and the developers says that we will give 10 percentage now and he gave a development cum irrevocable GPA agreement paper and now my family decline as he mentioned GPA in it and developer says that we need GPA so that we can apply for all the permissions are there any alternate agreement for the developer to get permissions for now and later we give GPA after the payment please suggest

Follow Query

Report Abuse

T. Kalaiselvan, Advocate Online

(Expert) 30 December 2023
If the shareholders are not willing to accept the terms of the developer, you cannot force them
Alternately you can go for partition and get your share in the property with separate possession and can individually sell or develop the same as per your your own plan

kavksatyanarayana (Expert) 30 December 2023
Your family members are not agreeing to give the land for development, it is better to partition the property as mutually agreed by all the shareholders. Each individual can do his or her share as he/she thinks best.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now

Ask Query
Unanswered Queries

Regarding documents for land sale to a developer

Download LCI APP

Our Network Sites