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Real Estate Forum on Gpa

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Q: Is the Delhi government planning to lift the ban on General Power of Attorney anytime soon?
Latest Answer: 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.
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Q: How will the GPA-based sales and registration help people
Latest Answer: There must be a contract to transfer for consideration any immovable property; the contract must be in writing, signed by the transferor, or by someone on his behalf; the writing must be in such words from which the terms necessary to construe the transfer can be ascertained; the transferee must in part performance of the contract take possession of the property, or of any part thereof; the transferee must have done some act in furtherance of the contract; and the transferee must have performed or be willing to perform his part of the contract
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Q: Sir. I want to make a power of attorney on my wife name so that in absence of me she can sell the house . How much value of stamp paper should I buy and which one is better GPA or Sale Cum GPA.

Latest Answer: Yes it is necessary. It is mandatory to get endorsed any document from their respective Indian Embassy. If you send the POA,kindly note that it requires to be registered at Registration Office in India of your father's residence with a fee of Rs 200/ or so and he can use it as and when required and please do not go for General Power Of Attorney but the specific one for the specific transaction.
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