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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Gurgaon > Process of preparing GPA/SPA for Resale Transactions
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Old January 2 2012, 08:40 PM   #1
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Default Process of preparing GPA/SPA for Resale Transactions

Hi,

I am going to India in a weeks time.

Could somebody tell me the process of preparing GPA/SPA for resale transactions.

What is required?
From where is it made?
How much time does it take?
Are there different formats for buying and/or Selling?
Is it valid for a specific period?

Thanks for the help in advance.

Best Regards
Amit

GPA - General Power of Attorney
SPA - Special Power of Attorney
 
Old January 2 2012, 08:50 PM   #2
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Amit Bhai,

It would be good to contact the concerned builder for that as he also have to accept it eventually in case of a re-sale. They have pretty much the set format with changes in few lines, so get that done but do not forget to register the GPA/SPA(only if you do not trust the person for other things). Contact the legal department for the builder and he should be willing to help. I think you can also get it done from your local consulate though.
 
Old October 1 2012, 12:37 AM   #3
 
 
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gpa or spa, resale, transactions