Is it safe to buy a property on GPA

19-Apr-2023 (In Property Law)
We are planning to buy a builder floor in Green field Faridabad, Haryana under loan, Builder has not got the plot registered in their name inorder to save tax and got the GPA and Agreement to sell from the plot owners.. Now we want the registration of the floor in our names and wanting to know if there will be any problem in future while selling the floor, can plot owner come up any time saying this is their property or once the property is registered in new name old plot owners have no role .. pls advice
Answers (1)

Answer #1
564 votes
With GPA there is a problem that if it's cancelled you won't know about it. You should also take an affidavit from the plot owner regarding no objections. Rest you can move forward. If need more details you can contact us anytime.

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