Dear Sir / Madam
• In the year 2012 we entered into sale agreement for the said property. At that time the
property was not freehold. The buyer gave us 10% of the deal amount as token money and
told us that he will get the property converted into freehold as he has some contacts in govt.
office for this he requested us to give him an additional time of one month apart from the
usual three months period given in agreement to sale for which we agreed.
• In the given time frame of 4 months neither he got the property converted into freehold nor
he gave us the remaining balance amount rather he sent us blank letters which led us to
believe that he has some malafide intentions. We then filed caveat in the court and sent him
the legal notice thru a lawyer informing him that deal has been cancelled and the token
amount paid by him stands forfeited as he has not fulfilled his commitments in the given
period of 4 months. He never responded back to that legal notice.
• After terminating the deal and sending him the legal notice we ourselves got our property
converted into freehold.
• During the covid period he passed away due to illness and we have not received any
communication in all these years gone by either from him or any of his legal heirs after his
death in regard to the property.
Now we want to build this property in collaboration with some builder whereby he will rebuild the property and in return will take one floor from us for resale. we are bit confused how to proceed further as large amount of money will be required to build the house and we don't want to get stuck in the legal problems which may or may not arise due to collaboration with builder or when we sell one or more floors of the property.
Kindly guide on this matter.