Legal Question in Real Estate Law in India

Dear sir, one my cousin have a GPA in his name from some body(2.6 Acre Agriculture Land) according to GPA he can sell, now he would like to mortgage the property to me for the amount of 30 lakhs, i am an individual business man, can he mortgage to me and can i get registered the same in the registered off for my security of money. u can mail to me the reply at [email protected]... thanking you


Asked on 10/04/09, 4:14 am

4 Answers from Attorneys
KAMAL GROVER

yes u can register

Regards

[email protected]

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Answered on 10/04/09, 4:19 am
Seshadri Srinivasan www.lawconcern.com

GPA must be studied for an opinion.

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Answered on 10/04/09, 6:15 am
Sudershan Goel India Law Offices of Sudershan Goel - Advocate

I agree. The legality of mortgage may depend upon the powers given in GPA and subsequent ratification by the true owner.

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Answered on 10/04/09, 1:28 pm
Shrichand Nahar S.V.Nahar, Advocate

Check with GAP is coupled with interest i.e. taken after making payment of price of the property.

If GAP is not coupled with interest, then acting on such GPA may be highly risky.

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Answered on 10/05/09, 1:22 am


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