pranav 30 December 2020

Property with development agreement cum gpa

Developer X has went for development agreement cum GPA on land plotting ,agreement was done
with 50-50 share , developer X has shared plotting and selling the plots

below are my questions

can i purchase plot with developer X holding above tittle ?
if i want to purchase what should be the correct tittle from developer in order to avoid any disputes going forward ?
what precautions should i take before purchasing above plot .

Please share your expertise advice , i really need help on this ?

Thanks
pranav

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4 Replies

P. Venu (Advocate) 31 December 2020

No definite suggestion is possible unless the documents are perused.

Advocate Bhartesh goyal (advocate) 31 December 2020

No, Developer has no perfect and valid title of property.He has only agreement and gpa and not ownership title . it is settled proposition of law that agreement and gpa does not confer title of property.

Dr J C Vashista (Advocate) 01 January 2021

Seek professional services of a local prudent lawyer since the documents stated to have been executed do not transfer title of the property for sale.

pranav 01 January 2021

Hi Sir ,

Thanks for your valuable feedback , in development agreement cum gpa it is clearly mentioned that , 'second party (developer ) can procure the customers for sale of plots and enter into agreement of sales with customers , collect advances from customers ' , even after this statement still transfer of title is not valid , please help us on this ?

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