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Ban lifted on GPA-based transactions

Q: Is the Delhi government planning to lift the ban on General Power of Attorney anytime soon?

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Replies (3)
1
You are actually in delay, within a week of this order being released about 107 properties have been registered based on GPA. As per the data available with the revenue department, 26 properties have been registered in Geeta Colony, 18 in Seemapuri, 15 in Kapashera, 14 in Kashmere Gate, 13 in Hauz Khas, 5 in Pitampura, 5 in Rohini, 5 in Preet Vihar, 4 in Asaf Ali Road and 2 in Narela.
Aman Sohal


I must tell MR. Sohal that its all a myty as GPA to GPA sales has not yet been allowed. Only register onwers can sell a property on GPA. Now, there might be only 1% or even less than that registered owners as all others are GPA holders only. So, virtually nothing has changed.
Vijay KHanna,  Delhi
7th August 2013


2
Hey, let me try to answer this. General Power of Attorney order passed by the Supreme Court on property transactions. The Delhi government in April 2012 the end of GPA-based property transaction. On October 12, 2011, the Supreme Court had ruled that the property transactions done through GPA will have no legal sanctity and immovable properties can be sold or transferred only through registered deeds. Later on 5th May, 2012, the Delhi High Court banned property dealings through GPA, after which the number of property transactions declined drastically. The residents had to face many issues due to the ban as the GPA-based transfer was much convenient to them than any other ways. Now on 22nd July 2013, the ban GPA transaction was removed by the Delhi government. In September 2012 around 895 unauthorised colonies had been regularised by the Delhi government and the lifting of ban will support sale and purchase of properties in these areas.
Imran Khan


So now all properties can be registered with General Power of Attorney. That’s great news, I shall do it right away.
Khushbu ,  Ghaziabad
7th August 2013


3
Yes, this has been decided. The ban on property transactions based on General Power of Attorney has been lifted and this will be a sign of relief for people staying in group housing societies and the newly regularized colonies.
Bhaumik


Can someone give a backgrounder into this matter? What is the General Power of Attorney ruling all about?
Shenoy,  Ghaziabad
7th August 2013


4

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