I purchased a property in Bangalore in January 2012 using a registered and stamped General Power of Attorney (GPA). At that time, property registrations were temporarily closed. After three months, I converted the ownership to my name through a registered and stamped Sale Deed. Is this legally valid?
Additionally, I’m securing a bank loan and they require a confirmation deed from the previous owner. However, he’s refusing to sign it. Is there a legal way to compel him to sign the deed and resolve this issue?
Best Answer
While using a GPA for property purchase during a temporary closure is not inherently illegal, its validity might be questioned. However, the subsequent registration of a Sale Deed in your name after the closure ended likely validates the transaction. Regarding the confirmation deed, you can file a suit for specific performance against the previous owner to compel him to sign, but the outcome depends on the specifics of your agreement and legal arguments.
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