Purchase of house on GPA
Priti
(Querist) 07 September 2018
This query is : Resolved
Dear Experts
My parents who are senior citizens are buying a house in Gurgaon sector 52 ardee city on GPA basis. Colony is authorised but In a plot size of 300 sq yard, two separate 150 sq yard plots were made and on each plot 3 floors are there. My parents are buying one ground floor. Property cannt be registered so has to go through GPA. What precautions should They take while purchasing so that there is no problem in future. As they are senior citizen, would not be able to tolerate losses. This person from whom property is being purchased is 2nd owner and had bought from original owner. What document we should ensure while purchasing.
Regards
Dr J C Vashista
(Expert) 08 September 2018
"Buyer Beware"
Title (Ownership) of the property shall not be transferred in the name of purchaser on the basis of GPA.
Show the documents qua property to a local prudent lawyer for analyses and guidance.
Tell your parents to spend few thousands of rupees for professional consultancy to seek appropriate advise before finalising the transaction.
BAALASUBRAMANNYAMM
(Expert) 08 September 2018
If the said GPA is a registered document, he can have a right to execute a Sale Deed in favour of your parents. All the other ownership documents should have also to be examined that too by an advocate. So better to approach an advocate.
