I intend to buy an apartment in Banasavadi, Bangalore. This apartment was originally booked by an NRI residing in U.K. The proposed sale is from the GPA holder of the said NRI. Upon finalization of deal, the property will be registered by the builder in my name directly as per the agreement between the builder and GPA holder. Please let me know whether should I proceed in the matter? Will there be any legal hurdle upon purchase of this apartment in the manner stated above?
Before you proceed to purchase the property you may insist on production of No Objection Letter from the original Agreement Holder or from his GPA Holder expressing his no objection for the purchase of the said apartment by you.