Hi,
Firstly I think this site is a amazing concept and very helpful for common people who find it very complicated to deal with law matters.
My query is as follows:
My dad owns a plot in Bangalore for close to 20 years, however my dad only has a GPA agreement and somehow has not registered the property in his name. Now a builder has approached us for a joint venture in construction of a building on the plot. Entire construction will be carried out by the builder and he is ready to share it in 50:50 ratio.
Can my dad go ahead for the JV with his GPA agreement or is it mandatory to register the property in his name?
And in case we want to register the property now, should the original owner be present for registration?
It will be difficult for us to track him now.
Please do try to answer my queries. Thanks in advance.
