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Power Of Attorney For Development Of Property By The Owner - Legal Draft

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Category : Agreements Power Of Attorney

To All To

Whom These Presents Shall Come, I Mr............... residing at ................Whereas I am the

owner of an immovable property consisting of a plot of land with old building

thereon and which is more particularly described in Schedule hereunder written.And Whereas I propose

to develop the said property by demolishing the existing building and

constructing thereon a new building with flats and other premises therein and

intended to be sold on ownership basis, so that ultimately after the property

is fully developed I will transfer the property to a Co-operative Housing

Society to be formed by the Purchasers of flats and other premises therein.And Whereas I am

unable to attend to all the matters necessary to develop and carry on such

development work due to my other occupations.And Whereas I,

therefore, propose to appoint (1) Mr... and (2) Mr... and (3) Mr... who are the

partners of the partnership firm of M/s A B & Co. and who have agreed to carry

on the work of development on the terms of an agreement entered into by me with

the said firm. as my attorneys or agents with full power to develop the said

property as hereafter stated on my behalf and in my name and which the said

attorneys have agreed to do.NOW KNOW YOU ALL AND

THESE PRESENTS WITNESSES that I Mr... hereby appoint and constitute the said

(1) ... (2)... and (3) ....... jointly and severally to be my true and 'lawful

attorneys with full authority and power to do and execute all acts, deeds and

things mentioned below, for me and on my behalf and in my name viz.1.

To

apply to the Competent Authority under the Urban Land (Ceiling &

Regulation) Act. 1976 for grant of permission to develop the said property by

demolishing the existing structure thereon and constructing a new building in

Its place as required by section 22 of the said Act 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 permission u/s 22 of

the said Act.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 building proposed to be constructed thereon, so as to exhaust the

full F.S.I. which is available on the said property under the present

development rules, provided the plans, before they are submitted to the

Municipal Corporation for approval, are also approved by me.3.

To

make necessary applications and sign all papers, to appear before the Municipal

Authorities. to pay necessary fees and premium required for getting the plans

sanctioned and to do all other acts and things as may be necessary for getting

the plans of the proposed building sanctioned by the Municipal and other

authorities.4.

To

apply for and obtain I.O.D. and Commencement Certificate for construction of

the building from the Municipal Authorities and for that purpose to sign

applications and other papers, to pay necessary fees and all other acts and

things necessary for that purpose and in that behalf.5.

After

the N.O.C. u/s 22 is obtained and the municipal plans are ,sanctioned to

demolish the existing building or structure/s on the said property and to

remove all the other material therefrom, and to sell such building material

like steel and cement at the best price available and to pay the sale proceeds

to me.6.

To

construct a building on the said plot as per the sanctioned plans and according

to specifications and other requirements of the Municipal Corporation and for

that purpose to employ contractors. architects, structural engineers, surveyors

and other professionals as may be required in the construction of the building.7.

To

enter into and sign and contract with the contractor or contractors for

construction as well as contractors for labour and to sign such agreements.8.

To

enter upon the said property as my licensee for the purpose of carrying on the

construction work as aforesaid.9.

To

apply for and obtain permission for water supply, electricity supply, laying

down drainage and for other amenities as are generally required for a building.10.

To

obtain occupation and completion certificate from the Municipal Corporation

after the building is completed in all respects.11.

To

sell the flats and other premises in the said building at the best price

available to, the intending purchasers thereof and to enter into agreements in

the prescribed form if any under the Ownership Flats Act, or otherwise with

such modifications therein as may be necessary.12.

To

open an account with any Bank in my name or in the names of the said attorneys

and to credit all the sale proceeds in respect of the flats and other premises

received by the attorneys in the said account to withdraw from such account

such monies as may be required from time to time for meeting the cost of

construction.13.

After

all the flats and other premises are sold and monies realised and all the

expenses are also incurred, to hand over the balance of the said proceeds of

the flats and other premises to me.14.

To

get a co-operative housing society of the flat purchasers in the said new

building registered under the Co-operative Societies Act and for that purpose

to get necessary forms, applications signed by all the purchasers of flats and

other premises and to file the same with the Registrar of Co-operative

Societies and to do all other acts and things necessary for registration of the

society and to obtain registration certificate.15.

To

engage any advocate or solicitor for the purpose of taking advice and for

preparation and execution of different documents required to be executed

pursuant to these powers and to pay their fees.16.

To

pay all the municipal and other taxes relating to the said property payable

until the completion of the building and transfer thereof to the proposed

Co-operative Housing Society.17.

To

do generally all other acts and things as are necessary or seem to be required

to be done for the development of the said property by constructing a building

on flat ownership basis in all respects.18.

I

agree to ratify all acts and things lawfully done by the said attorneys by

exercise of the powers herein contained.IN WITNESS WHEREOF I,

Mr... have put my hand this the ... day of... 2000THE SCHEDULE ABOVE

REFERRED TOSigned and delivered

by the withinnamed Mr...in the presence of

...BEFORE ME.


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