I am planning to buy a plot.
Person who owns it now has 'registered agreement of sale cum GPA' by paying market price of the property in 2015. He registered the doc by paying stamp duty and registration fee. EC shows the person who owns the GPA as the owner.In the agreement terms, its also mentioned to execute the sale deed by GPA holder in future to anyone of his family or nominees.
I am planning to buy this plot and have already paid the agreement amount. After reading on multiple forums, I am in a dileama whether GPA holder can legally execute the sale deed and transfer the property to me.
Can experts help me with this? I have already paid 8 lacs out of 23 lacs agreed amount. Can we face any issues in future from the original owner? How come EC shows GPA holder as the owner? Is it legally safe given above things?