Joint Development Agreement, General Power of Attorney and sharing agreement
We land owners(agriculturists) have entered into Joint Development Agreement and General Power of Attorney in 2015 with a builder by name M/s Peninsula, Bangalore for villa development, 30- 60 ration sharing, for 2 acres of land along with other land owners, 30% is ours. Now developer has completed approval parts and obtained temporary BMRD approval and laying roads and other works which are almost over and ready for construction of villas. In GPA/JDA it is mentioned that after necessary approvals sharing/selection of plots/villas b/w parties will be mutual, it is also mentioned that if not possible aggrieved party can select their portion themselves including land owners or approach court. It is not possible for land owners since construction of not over. Further it is also mentioned in the GPA/JDA that builder can sell his portion of villas.
Now developer not offering opportunities to select our portion, instead he has offered one option which Is not acceptable to us. We also came to know that developer has been booked few plots/villas to his customers without sharing our portion.
Questions are:
Now how go about this?
Is it possible for developer to sell his portion without bifurcation of our share through sharing agreement.
Can we stop work by proceeding legally.
How to obtain our portion of share to be selected by us/mutual.
Cab we issue legal notice.
If we selection out portion as per GPA/GDA will he give trouble while construction of villa.
Since Katha is in our name can we register our portion to ourselves. etc
Asked 6 years ago in Property Law
Religion: Hindu
Sir, Is it possible to terminate JDA/GPA? Should we issue legal notice? If he replies something to our notice, we have to approach courts, will it help us.
Our concern is if we approach court can we get injunction or not.
Asked 6 years ago