General Power of Attorney
New Delhi: Following the legal approval given by the East Delhi Municipal Corporation to the first layout of an unauthorized colony, East Azad Nagar, the property prices in the area have almost doubled. The residents of the colony are hopeful that the colony’s new status will help them in selling off their properties with good [...] Continue Reading »
The Karnataka Housing Board has started work on the development of a mega layout on the outskirts of the city. KHB is coming up with a layout in the city after 33 years. The layout has been named as KRS Nisarga as the place is near KRS dam. The demand for sites and houses are [...] Continue Reading »
The Delhi government has planned to lift the restrictions on sale and purchase of properties in over 1,200 unauthorized colonies. The regularization process of the unauthorized properties in Delhi has started, and once it is completed, there will be no obligation in Sale and purchase of properties in those colonies. Almost 40 lakh people are [...] Continue Reading »
The Federation of Sector Welfare Associations Chandigarh (FOSWAC) has hailed the Supreme Court’s decree that any immovable property transferred under the General Power of Attorney (GPA) will be considered illegal. The Federation observed that the decree will hit hard to unscrupulous property transactions. In its observation it also mentioned that the law will serve to generate [...] Continue Reading »
The Supreme Court of India has announced that the sale of immovable property under General Power of Attorney (GPA) will be considered illegal and will attract strict punishments. The decree might actually lead to a 20 percent downfall in the value of properties. The decision might have implications in resale and secondary properties. The decision will not [...] Continue Reading »
