Flat registered in my name

Please state more details on the JV between landlord and builder. Is there any clause on selling the apartments?

Show the document of agreement, sale deed etc. to a local lawyer and seek proper consultancy, guidence and advised

Dear Sirs,

I am going to my lawyer to show him all documents and also taking the Landlord with me to get things clarified.

JV clearly mentions that Out of 24 flats, 10 flats are for the landlords share and balance are for the builder.

Regards 

Sridhar

Inspite of mentioning in the JV that Out of 24 flats, 10 flats are for the landlords share and balance are for the builder, nobody has authority to sell seperately.  A tripartate agreement has to be executed.  And after clearance of all the EMIs the registered sale deed should be executed where the vendors will be Landlord and Builder and the purchaser will be put in the purchase column.

If the purchaser purchases contrary to the above position, he will be put into trouble and his title will get weak.  It may be rectified later is a different issue.  But right now he will be put into trouble.  For any other doubts contact me ravinder2345@gmail.com.

The procedure stated by learned Advocate Ravinder does not have any legal implication.  Once the agreement between the land lord and the builder is clear in that aspect, the landlord has full selling  rights over his share of the flats.  It will be illegal that he sold the property in common with the builder and the landlord.  However further proper opinion can be made only on seeing the JV agreement and other conditions.