17 development agreement

DEVELOPMENTAGREEMENT

RECITAL

DEFINITIONS

LAND AREA

CONSIDERATION

PAYMENT SCHEDULE

TIME IS ESSENCE OF THE CONTRACT

REPRESENTATION

WARRANTIESDECLARATIONSCOVENANTS OF THE OWNERS

• Marketable Title

• No Encumbrances

• Possession

• Power and Authority

• Valid and Binding

• No Impediment

• No Prior Agreement

• No Acquisition and Requisition

• No Reservations

• No Violation of Land Laws

• No Lispendence

• No Third Party Rights

• Deliver Documents

• Execute Further Documents

• Further Assurances

• Family Consent

• No Minors Interest

• Joint Survey

• Assurances

• Declarations

• Covenants

• Indemnity

• Undertakings

RIGHTSDUTIESOBLIGATIONSOF THEDEVELOPERS

• Inspection of Title Documents

• Development Potential

• Development Plan

• Payment Term

• Name Board

• Symbolic Possession

• License Permission

• Development and Construction

• Development Control Regulations

• Modification of Sanctioned Plans

• Authority to Sell Flats

• MOFA

• Plinth Completion Certificate

• Quality Guarantee

• No Encroachment

• Building Completion Certificate

• Occupation Certificate

• Delivery of Flats

• Compliance with law

• Taxes and Outgoings

RIGHTSDUTIESOBLIGATIONS OF THE OWNERS

• Basic Infrastructure

• Power of Attorney

• Interim maintenance

• TDR and Other Rights

• Easements

• Balance FSI

NO COMPETITION

TIME PERIOD

DEFALUT BY THE OWNERS

DEFAULT BY THE DEVELOPERS

CURE PERIOD

BREACH OF CONTRACT

TERMINATION

SERVICES OF THE SOLICITORS

SERVICES OF THE ARCHITECTS

SERVICES OF THE ARCHITECTS

INDEMNITY BY DEVELOPERS

INSURANCE

PROJECT NAME

LIQUIDATED DAMAGES

DEFECT LIABILITY PERIOD

DISPUTE RESOLUTION METHOD

STAMP DUTYAND REGISTRATION

FORMATION OFCO-OP.HSG SOCIETY

CONVEYANCE

SPECIFIC PERFORMANCE

GENERAL PROVISIONS

• Notices

• No Amendment

• No Waiver

• No Partnership

• No Agency

• Force Majeure

• Confidentiality

• Severability

• Entire Agreement

• Cost and Expenses

• Governing Law

• Jurisdiction

• Read and Understood

• Counter Parts

SCHEDULE TO THE PROPERTY

EXECUTION SHEET

ANNEXURES

Location MapLand Area MapCopy of title deeds7/12extracts/Property CardCertificate of TitleN.A.PermissionDevelopment Permission

Commencement CertificateBuilding Plan

MoEF Permission MPCB Consent

NOC-Fire Department

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