Anil (Engineer) 15 June 2011

Buying a property via GPA

Hi Team,

I am planning to buy a plot in Bangalore which is in Gramatana limit. The legality of the layout is good but as the Khata is not available i can't go for a Sale deed for now. Presently we aggreed to go with a GPA from the Principal backed by a registered Aggrement to Sell by mentioning the amount paid etc.

Once we receive a Khata, Principal aggreed to come and sign on the sale deed (the same will be mentioned in the aggrement to sell). Also as my Aggrement to sell is registered i heard that, we could see my name in the EC aswell. Whether my understanding is true?

I have a below query:

1) Can the Principal cancel my GPA without my knowledge (Origincal GPA copy will be with me only) ?

2) How can i still have the authority on the property if the Principal Dies? as i have already paid the full amount.

3) Whether i need to take any additional actions?

Thanks in advance.

Regards,

Anil

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Anil (Engineer) 17 June 2011

Originally posted by :Anil
"	Hi Team, I am planning to buy a plot in Bangalore which is in Gramatana limit. The legality of the layout is good but as the Khata is not available i can't go for a Sale deed for now. Presently we aggreed to go with a GPA from the Principal backed by a registered Aggrement to Sell by mentioning the amount paid etc. Once we receive a Khata, Principal aggreed to come and sign on the sale deed (the same will be mentioned in the aggrement to sell). Also as my Aggrement to sell is registered i heard that, we could see my name in the EC aswell. Whether my understanding is true? I have a below query: 1) Can the Principal cancel my GPA without my knowledge (Origincal GPA copy will be with me only) ? 2) How can i still have the authority on the property if the Principal Dies? as i have already paid the full amount. 3) Whether i need to take any additional actions? Thanks in advance. Regards, Anil	"