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rangavittala (exe)     11 February 2011

GPA and Joint development agreement

One of developer who is developing a  residential project :

titles are

a GPA holder got registered GPA and Joint development agreement from land lords, but in in Joint development agreement developer has rights,share of 80%  property  only and 20% to landlords.

now GPA holder sold 100% property to other parties, now this ratio is applicable to parties also  or only GPA holder?



Learning

 2 Replies

M. A. Khan (advocate)     11 February 2011

Under development agreement if 20% is given to landlord, it is landlord who should sell that 20%.  developer is not entitled to sell that portion. 

Adv. K.S.A.Narasimha Rao (legalquestadvisor@gmail.com )     14 February 2011

RangaVittala

Your Querry can be clearly explained only after going through the terms and conditions in specific regarding the GPA powers specified therein.


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