Respected All,
I have a query and need information as well.
I live in a GPA property in Delhi and the power of attorney shifted from the Original person to my grandfather and post his demise it eventually was transferred in name his sons. We got the property re-build and the builder gave floor wise possession to each of the sons. Also, the builder took the ground floor and basement as per agreement and opened a market in residential plot which got sealed by the Municipal Authorities and has been sealed since.
The first and third floor got sold off as before the concept of GPA / leasehold property not really mattered at that time (correct me if I am wrong). Now, I am staying on the second floor and want to sell the property. All I want to know is:
1. What is the difference between a leasehold property and GPA property?
2. What I understand is that as my property which does not have a correct title holder / owner is a leasehold property or a general power of attorney?
3. What is the procedure to correctly identify the status of property as a lot of property dealers in the area term it as a "leasehold" property.
I might sound confused, but will eventually share details to seek guidance.
Regards,
Sumeet Attri
