The Suraj Lamp Case: Real Estate Markets

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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
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