Results for #villa
Legal
#villa#hyderabad#buying#attorney#buyer
I live in Houston, Texas. I own a villa in Hyderabad, someone is interested in buying it. Can I give the power of attorney to my mother and go ahead with this sale? The buyer is concerned about the validity of the agreement. I won’t be able to be there physically for a long time. What do I do about it?
I live in Houston, Texas. I own a villa in Hyderabad, someone is interested in buying it. Can I give the power of attorney to my mother and go ahead with this sale? The buyer is concerned about the validity of the agreement. I won’t be able to be there physically for a long time. What do I do about it?
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Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
Yes, you can give a POA to your mother to conclude the sale on your behalf. The POA can be executed by you before the Indian Embassy in USA and the same can then be forwarded to Hyderabad for adjudication and payment of stamp duty and thereupon your mother can utilise the same for concluding the sale. The buyer would get good title if the transaction is concluded by your mother on your behalf a...
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Legal
#villa#builder#bangalore#land#landowner
I am planning to buy a villa from a builder in Bangalore. The land is under landowner share. All the land required for the villa has already been sold out. What is the risk for this purchase? The builder is also under JDA.
I am planning to buy a villa from a builder in Bangalore. The land is under landowner share. All the land required for the villa has already been sold out. What is the risk for this purchase? The builder is also under JDA.
Dhiren Shah,Advocate & Solicitor
291 Answered
Answered on November 08, 2017
If the Villa forms part of the land Owner's share, then a Tri-partite agreement bettween the land Owner, the Builder and yourself can be executed, where the builder confirms tha the Villa forms part of the land owners share and further, the land owner agrees to sell the same to you. If the tile of the land Owner is clear and the JDA is properly executed and registered, then the risk would only ...
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