SAKETA VAKSANA LLP Vs. KAUKUTLA SARALA

JUDGEMENT

(1.) Leave granted.

(2.) The factual background is that the Appellant ­ Developer and the Respondent ­ Landowners entered into an Agreement of Sale dated 17.11.2017, whereby the Respondents agreed to sell agricultural land comprising of 54 acres 13 guntas situated in Turkapalli Village, Shamirpet Mandal, Medchal Malkajgiri District to the Appellant ­ Developer. The sale consideration was fixed at Rs. 46,00,000/ per acre.

(3.) Out of the total extent of land, the Respondents executed four registered Agreements of Sale cum General Power of Attorney with respect to 36 acres 21 1/2 guntas of land in favour of the Appellant ­ Developer. The first two Agreements of Sale were executed on 03.01.2018; the third on 24.03.2018; and the fourth on 31.03.2018.