Abstract
Sale of real estate property requires registration of sale documents which prevents fraud of the same property being sold to multiple buyers. However, a means to avoid registration was devised and put to use in certain parts of North India. This involved creating a set of three documents - an unregistered sale deed, a Power of Attorney to the buyer from the seller and a will from the seller bequeathing the property to the buyer. The Delhi High Court considered this a ‘recognised mode of transaction.’ The Supreme Court, in the Suraj Lamp Case, brings out that unless a sale deed is registered, no interest can be created in a property.
Additional Information
| Product Type | Case |
|---|---|
| Reference No. | BP0410 |
| Title | The Suraj Lamp Case: Real Estate Markets |
| Pages | 8 |
| Published on | Jul 12, 2017 |
| Year of Event | 2012 |
| Authors | Pathak, Akhileshwar; |
| Area | Strategy (STR) |
| Discipline | Public Policy and Law |
| Sector | Miscellaneous |
| Learning Objective | Law on sale of immovable property. Power of Attorney Sale does not create ownership. Distortions in land property sales and their removal by the Suraj Lamp Case |
| Keywords | Power of Attorney Sale; Sale of immovable property; Real Estate; Transfer of Property Act |
| Country | India |
| Access | For All |
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