Require legal view and opinion on following:
1. Mr. X purchased land in 1974 and build a house in the same year and resided in the same house till death.
2. in 1983-84 he transferred development rights in the land to the builder and a building was constructed keeping the existing superstructure intact on the land
3. there were only 2 conditions in the agreement; one covering compensation for the contract and second clause on conveyance to be carried out before forming the society and part of compensation Rs. 10K to be handed over to Mr. X.
4. as usual agreement is binding on legal heirs of the deceased
However in reality following happened:
1. society was formed in 1989 -90 without conveyance
2. land is still in Mr. X's name. who died in March'12.
What should be the course of action?
1. Is agreement binding on legal heirs includes wife and 2 married daughters
2. If the building goes for redevelopment; whether the legal heirs have any right / interest
3. Should the legal heirs get the land transferred in their names?
Best regards,
