Purchasing apartment in a joint development - Chennai
I (along with my wife) have signed a sale(for UDS) and construction agreement to purchase a flat in Chennai. The total number of flats in the project are 4 and land area is 2760 sq.ft. The landowner resides at France currently. The builder has a registered GPA from the landlord. The builder did not register the Joint Development Agreement yet. Sale agreement for UDS has been signed by the builder being the POA of the landlord. I would like to know what are the factors that I need to be careful.
1. Is there any problem if the JDA not registered ?
2. Is there anything to be careful as the landlord does not seem a resident indian
I heard any sale of immovable property through GPA (if the GPA holder is not a blood relation) is invalid after Oct 2011. In such case can builder sell the UDS as the GPA of the landlord.
Asked 7 years ago in Property Law
Religion: Hindu
Many thanks. Is it advisable or mandatory to register JDA and is there anything to be cautious as the landowner is not Resident Indian ? Can I back out from the sale and construction agreement (not registered yet) if the builder is not willing to register the JDA (hence pay stamp duty)?
Asked 7 years ago