Hello Respected Sirs,
Need to sell a property that we had purchased long time back. It is a land loser property which was alloted to a person X by MUDA in return of land acquired by BDA(Bangalore Urban Development Authority) belonging to person X for site allotment. It was alloted at a concesstional rate to him.
Now we purchased that land loser site from person X to whom it was given by BDA. While selling both the allotee and his children have signed. We have the title deed also in our name which was taken later after they sold the property. Many of the buyers are going back as they say that we don't know how many children were there and if one of the children puts a case in court we will be in trouble. On paper on the sale deed they have mentioned that the allotee and his children are the only heirs to the property. However buyers claim sometimes someone can surface saying that they have not got the share and put a case in case they are left out. So no one wants to take the risk. However my question is after land is surrendered to BDA how can anyone claim their share. Is it permitted as per law.
However we were suggested to get the family tree of the original land loser which depicts the number of his children along with him which will be attested by the Tahasildar. We don't know where is the seller as it was purchased 20 years back. Is family tree needed. If we get it. What is the authenticity of the family tree. Inspite of that someone can come and put the case I suppose. Under the current circumstances we cannot get the family tree as the original seller is not traceable.
Since Title deed is in our name will that be sufficient. In the sale deed I saw a clause in which the allottee and his sons mentioning that they are the only heirs to the said property and there is no other heirs to the said property. There is no mention of the wife or daughters. I am not sure whether there were any or they had died or not there. So they claiming that they are the only heirs is sufficient or not is my question.
Kindly let me know what can one do so that the buyer/seller of such property is not in any kind of trouble for buying/selling this. I would like to know the rules applicable for buying or selling a land loser property. How to be safe as per law.
Thanks in advance for your help, inputs and time.