My father's name has been registered in the sub registrar office as general power of attorney holder of land.
He had purchased the land property by notarized stamp paper documents of one is sales agreement and another is power of attorney documents. But he registered himself as gpa (general power of attorney) in the the sub registrar office. Instead of owner by creating sale deed document. Because of his wrong business advisors.
Only after adding my father's name as the owner of the land. I can add my name as the owner. For this I need to obtain sale deed document which is missing from father's office. Or maybe this sale deed was never created by my father. Which must be created within 3 years of creating sales agreement notarized document.
Because my father's office consisting of documents was sold to another person by the bank. Vardaman bank of Mr. Bagi chairman. Who is owner of petrol pump in deshpande nagar hubli.
This must be obtained from those who have purchased from my father. Or from the sub registrar office.
My father passed away in June 2004. He was a proprietor and myself partner in Rainbow Constructions, builders and promoters. At that time he was into construction of appartments in (1) cotton market, (2) vijaynagar. While the (3) Deshpande nagar, dasara appartment, was already completed in 1998 (Hubli Karnataka).
Since after 2004 the buildings are not constructed any further. They are in the same half completed state. Buildings are in partially completed state. Thus these buildings much be completed and finished to provide justice to the investors.
He created the documents for purchased lands in cotton market and vijaynagar areas. (1) sale agreement and sale deed (2) general power of attorney agreement (GPA).
In the Hubli Karnataka city survey office, and tahsildar office documents, his name is mentioned as general power of attorney holder (GPA). Instead of owner.
It's a common routine procedure for builders and promoters to sell builtup area as GPA holders. Because it reduces the cost of the purchasers. And increase the profit margins.
My father had paid money to purchase the land for construction, the approximate amount paid for (1) cotton market land was 20 lacks, and (2) vijaynagar land was 15 lacks. Apart from this, he had also invested in construction (approximately 20 lacks each), and had also taken loans from banks. Hubli urban Bank and vardaman bank.
This GPA document was notarized, but I was not able to recover a copy from city survey office, and tahsildar office records. I think in the years of 1995, all the builders and promoters in Hubli constructed buildings as GPA power of attorney holders to save government fees. To reduce the cost of sales price. And to increase profit.
All the original documents of all business dealings are missing. For example: (1) sale agreements, (2) power of attorney agreements, (3) sale deeds of sold shops and flats. As the office which consisted of these documents was sold to another person by the vardaman bank, from which my father had taken loan after hypothecation of this office shops.
Before death my father had rented his office to finance company mr kotresh wartak who had the office keys. Where the missing documents were kept.
After the death of my father. The bank named as (1) Hubli urban Bank, has sold the second and third floor of "Kay kay complex, cotton market" to individual person, Gopalkrishna gujjadi, Swarna jewellers, to recover the loan amount. And the office shops which were in my name was sold to individual person by bank name (2) vardhaman bank Hubli. To recover the loan amount.
I need to investigate if my father had invested in the petrol pump of Mr. Shital Bagi, in Deshpande nagar Hubli. As he was previously the chairman of vardhaman bank in Hubli.
He had created the ownership documents as sale agreement in his name (rainbow constructions) for the purchased land. But in the city survey office, he registered the document (1) "GPA power of attorney", and he did not register the document (2) "sale agreement", and "sale deed". This is because, i think probably to reduce expenses, as registering "sale agreement" was more expensive compared to "GPA" documents. To save money.
I am searching for sale deed and ownership documents to transfer my father's name into his family members name.
I need to investigate how much is the pending arrears money to be recovered by those who have purchased from my father.
Because usually construction and sales would complete in few years. Father thought "GPA" was sufficient enough to sell the constructed building.
According to law, if I am correct, GPA will end along with the demise (expiry) of the GPA holder. Or if the demise of the owner. It's not transferred in my name (his son) or family members name.
I need to get sale deed to register the name of my father as owner.
After the demise of the GPA holder the authority of land goes back to the previous owner of the land.
I need to create a new gpa (or sale agreement) in my name given by the previous landlord owner.
I need to investigate.
@. If the previous landlord owner has sold our constructed building which we had invested. After the demise of father since 2004.
@. How much square feet area was not sold by father. Which was remaining unsold by father.
@. Recover the amount from the new owner for the remaining unsold property which was constructed by father upto ground floor plus first, second and third floors plan which was approved for construction by father.
I need to obtain a photocopy of these documents from the previous owners. As all the documents in the previous office of my father in 2004 are missing. As this office shop premises was sold to another person by bank.
I need to investigate, how much is outstanding, amount to be recovered from sold shops and flats. How much is the received and pending balance amount for sold shops and flats.
I think it's not fair and justice for the owner to sell the building which was constructed by the expired GPA holder.
The financial transactions need to be clearly analysed and justice must be done by giving the financial benifit to the expired GPA holders family.
The first residential appartment that was constructed by father in 1999 was in Deshpande nagar, this land was ownership of my grandfather.
Thus legally I have the rights of inheritance (warsa) to construct building on the fourth floor of the appartment. As this was ground plus three floors, before in 2004. I need to process the documentation for this.
Link to City Survey Documents:
Cotton Market.
Kay Kay Complex. Hubli. (PDF).
Vijay Nagar.
Kay Kay Appartment. Hubli. (PDF).
From 1996 to 2021.
Building location.
My age of thirties.
Sharing a few links below, to explore the journey of my life. It's an effort to provide better understanding of life. This might even help in finding solutions and answers to problems and questions.
Link to this article.
GPA Power of Attorney.
@. Blogger.
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