Dear Sir/Madam
A,the owner of the Land enters into Joint Venture Agreement with B (builder) for construction Flats.They share the UDS and the built up area in the proportion of 35:65. The builder can convey his portion of UDS and recover the cost of construction from the prospective purchaser. This is the consideration from the owner to the Builder. The owner has given General Power of Authority to the Builder for all necessary transactions including execution of Sale deed for his portion of UDS.(while at the same time reiterating that he (owner) is the absolute owner of the land.
I want to purchase a Flat of the Builder. Narrating the events of Joint Venture agreement and the fact of General Power of Authority, Can I enter into a Sale Deed with the Power Agent in view of the GPA ? The Power Agent is signing the Sale deed representing the Owner. Is it alright?
