ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Property transactions vs GPA.

T.N.REDDY (M.Com) (82 Points)

26 October 2021  
Sir, one of my client is entering in to buy one plot worth of Rs. 80 lakhs from the GPA holder. So, as per the recent SC Judgement, any transactions that are executed by the GPA is not valid, but still in the field/market, people are not very cautious about that judgment and entering in to such an agreements for sale /sale deed through such GPA’s. Kindly advice on that sir.

 2 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (107752 Points)
Replied 27 October 2021

You can deal with attorney on behalf of the owner, but it has to be registered.

The ban is over the transactions being held just with power without its registration; where there is no where-about of owner.

Even now a person can give power to an attorney to deal with prospective buyer, but deal gets transacted between the owner (through attorney) and the purchaser. 

T.N.REDDY (M.Com) (82 Points)
Replied 03 November 2021

Thank you sir.

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading



Subscribe to the latest topics :
Search Forum:

Trending Tags