The Supreme Court has summoned the chief secretaries and revenue secretaries of Delhi, Haryana, Punjab, Uttar Pradesh and Maharashtra to evolve a formula to stop the misuse of the power of attorney facility in the sale of property.
According to the court, power of attorney sales impact government revenue and benefit the land mafia. Though this system started in the national capital to circumvent rules governing the sale of plots and flats of the Delhi Development Authority, it has spread to other states. An attempt to pass a law to control the menace was unsuccessful.
The issue arose in the case of Suraj Lamp Industries, a public limited company in Haryana, which bought land through a power of attorney. The owner then tried to transfer the same property by yet another power of attorney deed, leading to criminal cases and an application under the Right to Information Act.
More : business-standard.com
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The SC says power-of-attorney sales adversely affect the economy, civil society as well as law and order.
Buy land, theyre not making it anymore, said Mark Twain. So there is a mad rush for property in urban centres and rules are broken with impunity. Several illegalities are taken for granted. One of them is the transfer of property through power-of-attorney (POA). The legal profession and document-writers invented it in the national capital and the Delhi High Court has virtually anointed this practice in its orders over the years.
However, the Supreme Court has made some harsh observations about this devious device and
Location : Rohini
Address :
City : Delhi North
State : Delhi - 110085
Area : 538 Sqft. ( 50 Sq. Meter )
Type of Ownership - Power of Attorney
Number of Bedrooms -4
Number of Bathrooms - 2
Private Garden/ Terrace
Location : Rohini
Address : Rohini-North delhi
City : Delhi North
State : Delhi - 110085
Area : 398 Sqft. ( 37 Sq. Meter )
Type of Ownership - Power of Attorney
Number of Bedrooms -1
Number of Bathrooms - 2
Location : Rohini
Address : Pocket A-3,Sector-4
City : Delhi North
State : Delhi
Area : 387 Sqft. ( 36 Sq. Meter )
Type of Ownership - Power of Attorney
Number of Bedrooms -2
Number of Bathrooms - 2
Floor number - 1
Total number of floors - 2
Location : Rohini
Address : B4/26, sec 18 Rohini, Delhi
City : Delhi North
State : Delhi - 110085
Area : 540 Sqft. ( 60 Sq. Yards )
Type of Ownership - Power of Attorney
Number of Bedrooms -2
Number of Bathrooms - 1
Floor number - Ground floor
Total number of floors - 3
