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Velugoti Nagula Meeravali   15 January 2021

GPA DOCUMENT

Can SALE CUM GPA AGREEMENT holder is having right to mortgage the house site?


 2 Replies

Rahul Mehalwal   15 January 2021

can't comment unless the terms and conditions are known. If it is a registered GPA banks would take it as an equitable mortgage otherwise they'll ask for a registered document for conveyance.

Advocate Bhartesh goyal (advocate)     15 January 2021

No, GPA cum sale agreement does not confer ownership title and on basis of said document property can not be legally mortgaged.

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