Legal Question in Real Estate Law in India
Sir,
I have a peice of lant and 3 years ago i wanted to i wanted to construct flats on it and for that i went in to an agreement with one of my friend who is a promoter also for a joint venture. land is mine, construction is his and i gave land possession also to him , this agreement is done on 20 Rs stamp paper. for some or other reasons its delayed and work not been done.... as i dint liked his attitude. now i dont want to go in to the venture. can i now ignore that guy or wht i should do now, as the agreement done before 3 years is it still valid ? If i proceed with my own construction what will happen?
Thanking you.
3 Answers from Attorneys
What are the contents in the agreement agreed upon by you and your promoter friend ? Please clarify.
talk to the guy about ur wish of nt continuing venture with him ...may he himself is not intersted
rest the agreement is valid .. and if u by pass that he can sue for performance of contract or damages for breach of contract
rest the proper legal advise wuld be given once u tell the contents in the agreement
Validity or otherwise of agreement can be ascertained by reading the terms and conditions contained in such agreement.
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