Power of Attorney for Development of Property by and in Favour of Developers (India)
This template is a Power of Attorney designed for property owners in India who have agreed to sell their land to a developer. It grants the developer or their nominees the legal authority to manage the development process, including obtaining building permits, dealing with municipal authorities, and executing the final deed of conveyance.
Power of Attorney for Development of Property by and in favour of Developers
To All to Whom These Presents Shall Come, we Mr... and Mr... residing at ... -
Whereas we (1)... and (2)... are the owners of an immovable property consisting of a plot of land situated at ... and which is more particularly described in the Schedule hereunder written and is held by us, being within ceiling limit.
And Whereas we have agreed to sell the said land to M/s A B & Co. by an agreement bearing date ... with a right to develop the said land by constructing thereon a new building with flats and other premises therein on ownership basis, before the sale or transfer Is completed in favour of the said Developers or their nominees including a co-operative housing society or limited company that may be formed by the purchasers of flats and other premises therein, as the said Developers may desire and which they have agreed to do on their own account and at their own risk.
And Whereas as the said land will continue to be of our ownership until the Deed of Transfer is executed, the Developers have requested us to execute a power of attorney in favour of their nominee or nominees and they have nominated Mr... and Mr... for this purpose.
And Whereas we, therefore, propose to appoint the said Mr... and Mr... as our Attorneys or agents with full power to do and execute the following acts, deeds and things, on our behalf and in our names and which the said attorneys have agreed to do.
NOW THEREFORE KNOW YOU ALL AND THESE PRESENTS WITNESS that We Mr... and Mr... hereby jointly and severally appoint the said Mr... and Mr... to be our true and lawful attorneys with full authority and power to do and execute jointly and severally all acts, deeds and things mentioned below for us and on our behalf and in our names viz.
1. To apply to the Competent Authority under the Urban Land (Ceiling & Regulation) Act. 1976 for grant of permission under sections 20121 or 22 of that Act if any required to develop the said land by constructing a new building and for that purpose to sign all applications and other papers, to appear before the Competent Authority and to give him all the papers and information as required and to do all acts and things necessary for the purpose of obtaining such permission.
2. To appoint an architect and to get the plans of the proposed building sanctioned by the Municipal Corporation of ... and other authorities concerned in respect of the new buildings proposed to be constructed thereon.
3. To prepare the building plans with the help of the Architect for the new building proposed to be constructed on the said land under the present development rules.
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