• Deed of Conveyance

One M/s. ABC Properties had acquired development and selling right from the principal owners of the property in Virar, M/s. ABC Properties had assigned same development and selling right to our co. and we had develop the property on the basis of development agreement. Now we have to give conveyance to the society, We have a registered power of the principal owners for conveyance,in the conveyance it is require to make M/s. ABC Properties as a confirming Party. In agreement of Principal owners and M/s. ABC Properties, it is mentioned that the Principal owner shall grant a power of attorney to the nominee of M/s. ABC Properties for execution of conveyance in respect of the said property. Kindly advise us............
Asked 1 month ago in Property Law from Vasai Virar, Maharashtra
Religion: Hindu
The Company namely M/s ABC properties have entered into an agreement with the principal owners for development and selling of the developed properties.

In turn they have assigned the same task to your in the form of an agreement with you which may be termed as a sub-lease too.

Since the principal owners have executed a power of attorney deed to yo directly (on the basis of recommendation by M/s ABC properties as their nominees), you will be developing and selling the properties to the desired purchasers keeping the principal owners in the picture and light.

There is no legal infirmity in it.

You can go ahead on the basis of agreed terms and conditions suiting  best to the prevailing circumstances, that you have drawn with your own contractor i.e., M/s ABC properties. 

However to be on the safer side you may refer the papers/documents to  local advocate and take a second opinion from him before proceeding. 
T Kalaiselvan
Advocate, Vellore
15358 Answers
141 Consultations
5.0 on 5.0
1) it is necessary to peruse agreement signed between principal owners and ABC properties 

2) it is advisable to make ABC properties confirming party for deed of conveyance
Ajay Sethi
Advocate, Mumbai
24857 Answers
1337 Consultations
5.0 on 5.0
Based on the Power of attorney, your company has right to give conveyance to society or individual without any legal fight or tension.

being the power of attorney Holder your company have all rights as the owner had.

feel free to call
Nadeem Qureshi
Advocate, New Delhi
3646 Answers
138 Consultations
4.9 on 5.0
Since the principal owner of the property has already given you POA then there is no hindrance to transfer the proeprty to the society.
The ABC properties is also becoming the confirming party to remove anomaly, if any.
So Iam not sure where is any doubt.
So go ahead as sated above.
Devajyoti Barman
Advocate, Kolkata
5913 Answers
63 Consultations
4.9 on 5.0

Ask a Lawyer

Get legal answers from top-rated lawyers in 1 hour. It's quick, easy, and anonymous!
Ask a Lawyer

Property Lawyers

T Kalaiselvan
Advocate, Vellore
15358 Answers
141 Consultations
5.0 on 5.0
Ajay Sethi
Advocate, Mumbai
24857 Answers
1337 Consultations
5.0 on 5.0
Ashish Davessar
Advocate, Jaipur
18884 Answers
474 Consultations
5.0 on 5.0
Krishna Kishore Ganguly
Advocate, Kolkata
12737 Answers
263 Consultations
5.0 on 5.0
Devajyoti Barman
Advocate, Kolkata
5913 Answers
63 Consultations
4.9 on 5.0
Shivendra Pratap Singh
Advocate, Lucknow
2895 Answers
44 Consultations
4.9 on 5.0
Atulay Nehra
Advocate, Noida
528 Answers
18 Consultations
4.7 on 5.0
Rajgopalan Sripathi
Advocate, Hyderabad
916 Answers
55 Consultations
5.0 on 5.0
Ajay N S
Advocate, Ernakulam
1959 Answers
20 Consultations
5.0 on 5.0
Thresiamma G. Mathew
Advocate, Mumbai
1324 Answers
89 Consultations
5.0 on 5.0