We have done the agreement with the party regarding sale of Landed Property situated in the village, with the condition written :-
"That the buyer will pay the full amount within 6 months and get the Property register. But, if the seller refuses to register the property within the prescribed time, then the buyer will have the right to get the registry of a property from the Court".
The said Agreement of Sale has been registered in the registry office by paying required Stamp Duty along with the Signature of both the parties.
But, within 2 months the BUYER has refused to take the property and asked the money back. More than 50% of advance given has been returned back and it has been decided that rest will be returned after sale of property.
THE TIME LIMIT (6 months) FROM THE AGREEMENT HAS BEEN PASSED FOR 2 YEARS. But the buyer is saying that he will not allow us to sell the property to others and IS SAYING TO SELL TO THE PROPERTY either to him or to the Party which he will bring, also SAYING TO PAY THE HUGE amount in the name of developement.
So, kindly let me know what we can do.