Hello Folks,
I wanted to check what possible problem can arise with this scenario and is it advisable to buy such a plot ?
Builder and has entered into a GPA & Sharing agreement (Registered GPA) for a 32 acre land with the land owners and the area and has around 250 Plots.
The plot I am thinking to buy as per sharing agreement comes under the builder who is selling.
The plot has undergone DC Conversion and also has Khata Form 9 and 11A as well (A khata).
For example, The plot i plan to buy falls under Survey 16/2
Now the registered GPA for my plot we have around 14 parties mentioned as the absolute owner for piece and parcel of land under Survey 16/2. Out of the 14 parties two are minors 11 & 15 years (who where represented by natural guardian father) respectively.
When the builder prepares the sale deed, As he is the GPA & SPA holder, he will sign and complete the sale, But the 14 members (land owners names) will appear in the sale deed including the minors.
I wanted to check based on the above scenario, My deal happened on grounds of a valid registered GPA, Will I have any Litigation issues by the Minors in future ?
