This document is a development agreement between several owners of a property and a developer company. The key points are:
1) The owners appoint the developer to construct residential buildings on the owners' land, with the goal of commercial exploitation.
2) The owners represent that they have clear title to the land and will obtain vacant possession within a year.
3) The agreement divides the developed space between the owners (37%) and developer (63%), and outlines their respective rights and obligations regarding development and sale of the portions.
This document is a development agreement between two parties - the owners of a property and a developer. It grants the developer exclusive rights to develop the property in exchange for a payment. Key details include:
- The owners grant the developer exclusive rights to develop the property, which includes submitting development plans and obtaining necessary approvals.
- In consideration, the developer must pay the owners a minimum amount or a higher amount based on the property's permitted floor space index. Payment is made in stages upon certain conditions being met.
- The developer is responsible for financing and carrying out the approved development plans, and can sell constructed units to recover costs and make a profit.
- Upon full payment, the owners will transfer
13 development agreement - precautions to be taken by the societyspandane
The document provides a detailed list of over 50 precautions and points that should be included in a development agreement between a housing society and developer for a redevelopment project. Key points to address include clarifying ownership and development rights, specifying construction timelines and member accommodations, obtaining necessary approvals, allocating liability, and including penalty clauses for delays or non-compliance. The agreement should protect the interests of existing members throughout the redevelopment process.
This rent agreement is between a landlord and a proposed company to rent an office room, toilet, and bathroom located at a specified address. The key details are:
1) The tenant will pay a monthly rent of [amount] excluding electricity and water charges.
2) The lease is granted for 11 months starting on a specified date and can be extended by mutual consent.
3) The agreement can be terminated with one month notice by either party and outlines various responsibilities of and restrictions on the tenant regarding repairs, alterations, subletting, and use of the premises.
This document is a development agreement between an owner and developer. It gives the developer the rights to develop a piece of land described in the schedule by demolishing existing structures and constructing new buildings. In exchange, the developer agrees to pay the owner a sum of money. Upon completion, the developer will transfer ownership of the developed land and new buildings to a housing cooperative formed by flat purchasers. The agreement outlines various terms regarding permissions, construction responsibilities, payments, and liability between the owner and developer.
This joint venture agreement establishes a partnership between two parties to produce a film project. It outlines the purpose of the venture, establishes ownership over assets related to the project, and allocates responsibilities between the partners. The agreement also covers the terms of the partnership, distributions of profits/losses, dissolution provisions, and warrants that the partners have the right to enter into the agreement. However, the document notes that it is a suggested template and should be reviewed by an attorney prior to determining if it is legally binding.
Redevelopment under dcpr 2034 regulation section 33(7),33(7)a & 33(7)bOMKAR CHODANKAR
The document discusses redevelopment regulations under sections 33(7), 33(7A), and 33(7B) of the DCPR 2034 in Mumbai. It provides an overview of the rising population in Mumbai and shortage of land, highlighting redevelopment as an effective solution. It then outlines the documentation required, step-by-step redevelopment process involving structural audits, society meetings, consultant appointments, and more. Key provisions under each section are explained, covering incentives for cessed buildings, dilapidated structures, and existing housing societies. Redevelopment aims to create more living space and better conditions through revamping old buildings.
1) The document discusses the Real Estate (Regulation and Development) Act, 2016 which aims to establish a regulatory authority for the real estate sector in India and protect consumer interests.
2) Key objectives of the Act include regulating real estate projects, promoting transparency, and providing dispute resolution mechanisms.
3) The Act mandates registration of real estate projects with the regulatory authority and compliance with regulations regarding disclosures, funds usage, completion timelines, and more. It also requires registration of real estate agents.
This document is a development agreement between two parties - the owners of a property and a developer. It grants the developer exclusive rights to develop the property in exchange for a payment. Key details include:
- The owners grant the developer exclusive rights to develop the property, which includes submitting development plans and obtaining necessary approvals.
- In consideration, the developer must pay the owners a minimum amount or a higher amount based on the property's permitted floor space index. Payment is made in stages upon certain conditions being met.
- The developer is responsible for financing and carrying out the approved development plans, and can sell constructed units to recover costs and make a profit.
- Upon full payment, the owners will transfer
13 development agreement - precautions to be taken by the societyspandane
The document provides a detailed list of over 50 precautions and points that should be included in a development agreement between a housing society and developer for a redevelopment project. Key points to address include clarifying ownership and development rights, specifying construction timelines and member accommodations, obtaining necessary approvals, allocating liability, and including penalty clauses for delays or non-compliance. The agreement should protect the interests of existing members throughout the redevelopment process.
This rent agreement is between a landlord and a proposed company to rent an office room, toilet, and bathroom located at a specified address. The key details are:
1) The tenant will pay a monthly rent of [amount] excluding electricity and water charges.
2) The lease is granted for 11 months starting on a specified date and can be extended by mutual consent.
3) The agreement can be terminated with one month notice by either party and outlines various responsibilities of and restrictions on the tenant regarding repairs, alterations, subletting, and use of the premises.
This document is a development agreement between an owner and developer. It gives the developer the rights to develop a piece of land described in the schedule by demolishing existing structures and constructing new buildings. In exchange, the developer agrees to pay the owner a sum of money. Upon completion, the developer will transfer ownership of the developed land and new buildings to a housing cooperative formed by flat purchasers. The agreement outlines various terms regarding permissions, construction responsibilities, payments, and liability between the owner and developer.
This joint venture agreement establishes a partnership between two parties to produce a film project. It outlines the purpose of the venture, establishes ownership over assets related to the project, and allocates responsibilities between the partners. The agreement also covers the terms of the partnership, distributions of profits/losses, dissolution provisions, and warrants that the partners have the right to enter into the agreement. However, the document notes that it is a suggested template and should be reviewed by an attorney prior to determining if it is legally binding.
Redevelopment under dcpr 2034 regulation section 33(7),33(7)a & 33(7)bOMKAR CHODANKAR
The document discusses redevelopment regulations under sections 33(7), 33(7A), and 33(7B) of the DCPR 2034 in Mumbai. It provides an overview of the rising population in Mumbai and shortage of land, highlighting redevelopment as an effective solution. It then outlines the documentation required, step-by-step redevelopment process involving structural audits, society meetings, consultant appointments, and more. Key provisions under each section are explained, covering incentives for cessed buildings, dilapidated structures, and existing housing societies. Redevelopment aims to create more living space and better conditions through revamping old buildings.
1) The document discusses the Real Estate (Regulation and Development) Act, 2016 which aims to establish a regulatory authority for the real estate sector in India and protect consumer interests.
2) Key objectives of the Act include regulating real estate projects, promoting transparency, and providing dispute resolution mechanisms.
3) The Act mandates registration of real estate projects with the regulatory authority and compliance with regulations regarding disclosures, funds usage, completion timelines, and more. It also requires registration of real estate agents.
THE REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016Narmdeshwar Singh
This is a presentation on the new Real Estate Act, 2016 which after a long 9 years came into force. It is considered to be consumer concentric Act enabling the consumers to enforce their rights smoothly under the law.
Model Bye-Laws for Uttar Pradesh Apartment Owners AssocationsApnaComplex
The document outlines model bye-laws for condominium associations in Uttar Pradesh, India. It details rules for membership, voting procedures, administration of the association, election of a board of management, and obligations of apartment owners. Key points include establishing a board of 4-10 members including a president, vice president, secretary and treasurer to govern the association and collect monthly assessments from owners for maintenance of common areas.
This document is a tenancy agreement between a landlord and tenant. The landlord owns a multi-story house and is leasing the ground floor to the tenant for residential purposes. Key terms of the agreement include:
1) The tenant will pay a monthly rent of a specified amount, along with a security deposit, and is responsible for electricity charges.
2) The tenancy commenced on a specified date and the tenant will use the space solely for residential purposes.
3) The landlord is responsible for property taxes and will provide water to the tenant free of cost.
4) Notices between the parties must be in writing and the courts of a specified jurisdiction will handle any disputes arising from the agreement.
El modelo de contrato de renta de Lamudi ha sido creado para ayudar a los usuarios a acelerar el proceso a la hora de rentar o comprar una propiedad, ya sea una casa, un departamento o un local comercial. El modelo sigue las pautas generales de este tipo de acuerdos, por lo que solo es necesario imprimir el documento y rellenarlo con la información necesaria.
The document outlines the process for obtaining an Intimation of Disapproval (IOD) from the Municipal Corporation of Greater Mumbai (MCGM) which is required before redevelopment of a building can begin. It discusses the stages prior to IOD including feasibility reports, tendering, and appointing a developer. It then describes the IOD process which involves submitting building plans to MCGM and obtaining various permissions and clearances from departments like environment, trees, and fire before a Commencement Certificate can be issued allowing demolition. Finally, it notes the IOD process can take 18-24 months to complete all requirements.
03 flow chart - redevelopment of the buildingspandane
This document outlines the flow chart process for redeveloping a building in a cooperative housing society in India. It involves numerous steps over many months, including convening meetings, obtaining quotes, approving plans and selecting developers. Key steps include obtaining member requests for redevelopment, hiring consultants, approving project reports, issuing tenders, selecting a developer through a bidding process, signing agreements, submitting plans for approval, and commencing construction. The process aims to obtain member input and approval at various stages to redevelop the building according to local regulations.
This document discusses rent control laws and fair rent fixation in India. It provides background on rent control legislation, which aims to protect tenants from excessive rents while ensuring landlords a reasonable return. The key debates around rent control are outlined, with opponents arguing it reduces rental housing supply over time. Fair rent is defined as a percentage of construction and land costs under state laws, with the Tamil Nadu act used as an example. The processes of determining fair rent, depreciation rates, and allowing rent increases are summarized. Shortcomings mentioned are low returns disincentivizing new rental housing and difficulties evicting tenants.
The document provides an overview of the Specific Relief Act 1963 in India. It discusses:
1) The Act defines and amends the law relating to specific relief for enforcing civil rights. It does not apply to penal rights.
2) The Act provides for seven types of specific relief: recovery of possession of property, specific performance of contracts, rectification of instruments, rescission of contracts, cancellation of instruments, declaratory decrees, and preventive relief.
3) Specific performance of contracts can be granted for immovable property transactions but generally not for movable property where compensation is adequate.
Intricate details associated with entering in to an agreement with Telco for leasing your rooftop for cellular tower. It also provides some of the social and financials challenges associated with the leasing. It explains how you are entangled in the telcos scheme of things.
10 flow chart - redevelopment decision - business to be transacted at 1st sgmspandane
1. The document outlines the process for a cooperative housing society in Maharashtra, India to decide on redevelopment of its building. This includes convening a special general body meeting where at least 1/4 of members can submit a redevelopment proposal.
2. At the meeting, members will select an architect from a government panel to prepare a project report, decide whether to redevelop, and if so select the architect to oversee the project.
3. The architect will then survey the land and building, consider development rules and member suggestions, and prepare a project report within two months for the committee's review.
This rent agreement is between a landlord and a proposed company to lease office space. The landlord agrees to rent one office room, one toilet, and bathroom to the tenant for Rs. _______ per month. The agreement is for 11 months and can be extended by mutual consent. The tenant must pay rent and utility bills on time, maintain cleanliness, make no alterations without permission, and use the space only for official purposes. Either party can terminate with one month's notice. Both parties agree to the terms and sign the agreement voluntarily.
This rental agreement is between an owner and tenant for a period of 11 months beginning April 1st, 2013. The tenant paid a security deposit of Rs. 50,000 and agrees to pay a monthly rent of Rs. 7,500 by the 5th of each month. The agreement outlines policies regarding notice for vacating, rent payments, utilities, repairs, and termination of the lease.
The document provides guidance on registering a resident welfare society in Uttar Pradesh, India under the Societies Registration Act of 1860. It outlines the requirements for the memorandum of association, which must include the society's name, address, objectives, and names of governing body members. It also describes the necessary components of the rules and regulations document, including membership rules, meeting procedures, and roles of the managing committee. Finally, it lists the registration process and supporting documents required, such as minutes book, membership records, and proof of publishing a registration notice in a newspaper.
The document discusses various legal aspects related to immovable property transactions in India. It defines immovable property under different acts and discusses the process of property registration. It summarizes key points like documents that require compulsory registration, effects of non-registration, purpose of registration, title investigation process and various legal checks that are important in property transactions.
This document appears to be a last will and testament. It names executors to administer the estate and outlines how the testator's assets and property should be distributed after their death. The bulk of the estate is to be divided into equal parts and held in trust for various beneficiaries, with detailed provisions governing the operation and management of the trusts. The will was signed by the testator in the presence of two witnesses.
Real Estate (Regulation and Development) Act 2016Keyur Shah
The document discusses key aspects of the Real Estate (Regulation and Development) Act, 2016 in India. It outlines the history of the legislation, its main objectives to regulate the real estate sector and protect consumer interests, basic features including project registration requirements, and details on obtaining project registration and maintaining the required website information. Only 13 states have so far notified rules to establish regulatory authorities to oversee implementation of the Act.
The land acquisition process begins with the issuing department requesting the collector to initiate acquisition proceedings for a specified public purpose. The collector then issues a section 4 notification and permits surveys. They will ask how the department wants to acquire - through private negotiations or compulsory process. If compulsory, the commissioner issues sections 5 and 6 notifications. The collector assesses claims, holds an inquiry, and issues an award within 2 years. Affected parties can object and refer disputes to court. Compensation is based on market value on the date of preliminary notification.
This agreement is for the sale of a residential flat located in the proposed "Akshar Evorra" building to be constructed by the promoters, M/s Vagad Enterprises, on a plot of land in Navi Mumbai. The purchaser agrees to buy Flat No._____ admeasuring ______ square feet, for a total consideration of Rs.___________ to be paid according to the payment schedule. The agreement is subject to the provisions of the Maharashtra Ownership Flats Act and Rules. The promoters will construct the building as per the approved plans with any modifications required by authorities.
This document provides information about easements, including:
1. Easements are rights to use another's property and can be created by grant, prescription, custom, or necessity. There must be a dominant and servient property.
2. Easements can be express (created by a legal document) or implied based on prior use. Types include affirmative (right to use property) and negative (right to prevent uses).
3. Characteristics of easements include the right benefiting the dominant property and different ownership of dominant and servient properties. Easements do not transfer ownership of land.
AGREEMENT TO LEASE FORMAT
FREE LEGAL AND ACCOUNTANT FORMATS
KANOON KE RAKHWALE INDIA
HIRE LAWYER ONLINE
LAW FIRMS IN DELHI
CA FIRM DELHI
VISIT : https://www.kanoonkerakhwale.com/
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THE REAL ESTATE (REGULATION AND DEVELOPMENT) ACT, 2016Narmdeshwar Singh
This is a presentation on the new Real Estate Act, 2016 which after a long 9 years came into force. It is considered to be consumer concentric Act enabling the consumers to enforce their rights smoothly under the law.
Model Bye-Laws for Uttar Pradesh Apartment Owners AssocationsApnaComplex
The document outlines model bye-laws for condominium associations in Uttar Pradesh, India. It details rules for membership, voting procedures, administration of the association, election of a board of management, and obligations of apartment owners. Key points include establishing a board of 4-10 members including a president, vice president, secretary and treasurer to govern the association and collect monthly assessments from owners for maintenance of common areas.
This document is a tenancy agreement between a landlord and tenant. The landlord owns a multi-story house and is leasing the ground floor to the tenant for residential purposes. Key terms of the agreement include:
1) The tenant will pay a monthly rent of a specified amount, along with a security deposit, and is responsible for electricity charges.
2) The tenancy commenced on a specified date and the tenant will use the space solely for residential purposes.
3) The landlord is responsible for property taxes and will provide water to the tenant free of cost.
4) Notices between the parties must be in writing and the courts of a specified jurisdiction will handle any disputes arising from the agreement.
El modelo de contrato de renta de Lamudi ha sido creado para ayudar a los usuarios a acelerar el proceso a la hora de rentar o comprar una propiedad, ya sea una casa, un departamento o un local comercial. El modelo sigue las pautas generales de este tipo de acuerdos, por lo que solo es necesario imprimir el documento y rellenarlo con la información necesaria.
The document outlines the process for obtaining an Intimation of Disapproval (IOD) from the Municipal Corporation of Greater Mumbai (MCGM) which is required before redevelopment of a building can begin. It discusses the stages prior to IOD including feasibility reports, tendering, and appointing a developer. It then describes the IOD process which involves submitting building plans to MCGM and obtaining various permissions and clearances from departments like environment, trees, and fire before a Commencement Certificate can be issued allowing demolition. Finally, it notes the IOD process can take 18-24 months to complete all requirements.
03 flow chart - redevelopment of the buildingspandane
This document outlines the flow chart process for redeveloping a building in a cooperative housing society in India. It involves numerous steps over many months, including convening meetings, obtaining quotes, approving plans and selecting developers. Key steps include obtaining member requests for redevelopment, hiring consultants, approving project reports, issuing tenders, selecting a developer through a bidding process, signing agreements, submitting plans for approval, and commencing construction. The process aims to obtain member input and approval at various stages to redevelop the building according to local regulations.
This document discusses rent control laws and fair rent fixation in India. It provides background on rent control legislation, which aims to protect tenants from excessive rents while ensuring landlords a reasonable return. The key debates around rent control are outlined, with opponents arguing it reduces rental housing supply over time. Fair rent is defined as a percentage of construction and land costs under state laws, with the Tamil Nadu act used as an example. The processes of determining fair rent, depreciation rates, and allowing rent increases are summarized. Shortcomings mentioned are low returns disincentivizing new rental housing and difficulties evicting tenants.
The document provides an overview of the Specific Relief Act 1963 in India. It discusses:
1) The Act defines and amends the law relating to specific relief for enforcing civil rights. It does not apply to penal rights.
2) The Act provides for seven types of specific relief: recovery of possession of property, specific performance of contracts, rectification of instruments, rescission of contracts, cancellation of instruments, declaratory decrees, and preventive relief.
3) Specific performance of contracts can be granted for immovable property transactions but generally not for movable property where compensation is adequate.
Intricate details associated with entering in to an agreement with Telco for leasing your rooftop for cellular tower. It also provides some of the social and financials challenges associated with the leasing. It explains how you are entangled in the telcos scheme of things.
10 flow chart - redevelopment decision - business to be transacted at 1st sgmspandane
1. The document outlines the process for a cooperative housing society in Maharashtra, India to decide on redevelopment of its building. This includes convening a special general body meeting where at least 1/4 of members can submit a redevelopment proposal.
2. At the meeting, members will select an architect from a government panel to prepare a project report, decide whether to redevelop, and if so select the architect to oversee the project.
3. The architect will then survey the land and building, consider development rules and member suggestions, and prepare a project report within two months for the committee's review.
This rent agreement is between a landlord and a proposed company to lease office space. The landlord agrees to rent one office room, one toilet, and bathroom to the tenant for Rs. _______ per month. The agreement is for 11 months and can be extended by mutual consent. The tenant must pay rent and utility bills on time, maintain cleanliness, make no alterations without permission, and use the space only for official purposes. Either party can terminate with one month's notice. Both parties agree to the terms and sign the agreement voluntarily.
This rental agreement is between an owner and tenant for a period of 11 months beginning April 1st, 2013. The tenant paid a security deposit of Rs. 50,000 and agrees to pay a monthly rent of Rs. 7,500 by the 5th of each month. The agreement outlines policies regarding notice for vacating, rent payments, utilities, repairs, and termination of the lease.
The document provides guidance on registering a resident welfare society in Uttar Pradesh, India under the Societies Registration Act of 1860. It outlines the requirements for the memorandum of association, which must include the society's name, address, objectives, and names of governing body members. It also describes the necessary components of the rules and regulations document, including membership rules, meeting procedures, and roles of the managing committee. Finally, it lists the registration process and supporting documents required, such as minutes book, membership records, and proof of publishing a registration notice in a newspaper.
The document discusses various legal aspects related to immovable property transactions in India. It defines immovable property under different acts and discusses the process of property registration. It summarizes key points like documents that require compulsory registration, effects of non-registration, purpose of registration, title investigation process and various legal checks that are important in property transactions.
This document appears to be a last will and testament. It names executors to administer the estate and outlines how the testator's assets and property should be distributed after their death. The bulk of the estate is to be divided into equal parts and held in trust for various beneficiaries, with detailed provisions governing the operation and management of the trusts. The will was signed by the testator in the presence of two witnesses.
Real Estate (Regulation and Development) Act 2016Keyur Shah
The document discusses key aspects of the Real Estate (Regulation and Development) Act, 2016 in India. It outlines the history of the legislation, its main objectives to regulate the real estate sector and protect consumer interests, basic features including project registration requirements, and details on obtaining project registration and maintaining the required website information. Only 13 states have so far notified rules to establish regulatory authorities to oversee implementation of the Act.
The land acquisition process begins with the issuing department requesting the collector to initiate acquisition proceedings for a specified public purpose. The collector then issues a section 4 notification and permits surveys. They will ask how the department wants to acquire - through private negotiations or compulsory process. If compulsory, the commissioner issues sections 5 and 6 notifications. The collector assesses claims, holds an inquiry, and issues an award within 2 years. Affected parties can object and refer disputes to court. Compensation is based on market value on the date of preliminary notification.
This agreement is for the sale of a residential flat located in the proposed "Akshar Evorra" building to be constructed by the promoters, M/s Vagad Enterprises, on a plot of land in Navi Mumbai. The purchaser agrees to buy Flat No._____ admeasuring ______ square feet, for a total consideration of Rs.___________ to be paid according to the payment schedule. The agreement is subject to the provisions of the Maharashtra Ownership Flats Act and Rules. The promoters will construct the building as per the approved plans with any modifications required by authorities.
This document provides information about easements, including:
1. Easements are rights to use another's property and can be created by grant, prescription, custom, or necessity. There must be a dominant and servient property.
2. Easements can be express (created by a legal document) or implied based on prior use. Types include affirmative (right to use property) and negative (right to prevent uses).
3. Characteristics of easements include the right benefiting the dominant property and different ownership of dominant and servient properties. Easements do not transfer ownership of land.
AGREEMENT TO LEASE FORMAT
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AGREEMENT BETWEEN PROMOTERS AND PURCHASERS OF FLATAaron Anyaakuu
This agreement is between promoters who are developing a plot of land to construct a residential building called "[Building Name]" and purchasers who are buying a flat in the building. The promoters agree to construct the building according to approved plans and sell Flat No. [##] of [Size] sqm to the purchasers for [Price]. The purchasers will pay the price in installments with the final payment on receiving occupancy permission. The promoters and purchasers agree to terms regarding payment of installments, delays, and defaults. The promoters agree to comply with authority approvals and provide specified fixtures and fittings.
This document is an expression of interest from Bhandari Construction and Developers Pvt. Ltd. for their new residential project called BCD Heaven Valley - Phase 1, codenamed BCD North Star. It lists the various unit sizes available from 1 BHK to duplex units and provides the basic and premium pricing. Interested customers must fill out an application form providing their contact and financial details. By submitting the form along with a registration amount, the customer is expressing interest to provisionally book a unit in the project subject to terms and conditions regarding payment plans and timelines to be finalized in the sale agreement.
This document outlines procedures for procuring land willingly sold by owners in Telangana, India for public projects. It establishes a District Level Land Procurement Committee to (1) ascertain owner willingness, (2) negotiate consideration amounts including market value and resettlement costs, and (3) approve agreements signed by owners. The committee is chaired by the District Collector and includes representatives from procuring agencies, revenue departments, and land administration. Owners must sign affidavits agreeing not to pursue higher compensation in court.
Sale agreement draft vishweshwar karkal g 1001[1]rajivkotak
This document is a sale agreement between a vendor/sale deed holder and purchasers for the sale of an apartment located in Bangalore, India. The vendor had previously purchased shares in the development land and constructed an apartment which they are now selling to the purchasers. Key details include the apartment is a two bedroom unit on the 10th floor of the residential complex known as Purva Highlands, with a built up area of 1083 square feet. The purchasers agree to pay the vendor 49.5 lakhs (Rs. 49,50,000) for ownership of the apartment and shares in the development land. The payment will be made in installments, with the balance due within 30 days of signing
Civil construction draft contarct documentHaftamu Tekle
The document is a contract agreement between Ezana Mining Development Plc and a contractor for construction projects for the Meli Gold Project in Mekelle, Ethiopia. Key points:
- The contractor will construct warehouse, canteen, office buildings, and foundations for employee, guest, and official houses.
- The parties agree the contract price will be specified later for the construction works.
- The contractor will execute and complete the works by the intended completion date according to the contract documents which include plans, specifications, and conditions.
The real estate sector of India is perhaps one of the fastest-growing sectors, creating several opportunities for every stakeholder and professionals. The country has witnessed the successfull impact of rera implementation. The efficiency of RERA revolves around the prominent role plays by each
professional whose service is of utmost importance. The article brings you such a goldmine of opportunities available for professionals, stakeholders, who can utilize their expertise and contribute to the growing economy of the world.
This document outlines regulations for the sale of subdivision lots and condominiums in the Philippines and penalties for violations. It requires subdivision and condominium projects to be registered with the National Housing Authority, including filing documents like development plans, financial statements, and marketing materials. It also mandates publishing notices of registered projects. The decree aims to protect buyers from fraudulent practices and ensure developers provide adequate infrastructure and comply with building codes.
This document is a lease agreement between a landlord and lessee. It details the terms of the lease, including that the lessee will pay a monthly rent and utility charges, not sublet the property, and use it only for residential purposes. The landlord agrees to allow quiet enjoyment of the property and make repairs. Both parties sign to agree to the terms on the last page.
COMMERCIAL LEASE AGREEMENT FORMAT
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This document is an agreement for the sale of a property between two vendors and a purchaser. The vendors agree to sell a property measuring [size] located at [address] to the purchaser for Rs. [price]. The purchaser pays an initial earnest money and agrees to pay the remaining balance upon execution of the deed of conveyance and delivery of possession. The agreement outlines various terms regarding documents, taxes, repairs, possession and timeline for completion of the sale.
Rooftop lease agreement for telecom towerSenthil Kumar
This document is a deed of lease between a lessor and lessee. It summarizes that the lessor is leasing 100 square feet of land and 450 square feet of roof space to the lessee for 20 years for Rs. 7,000 per month. The lessee will use the space to install telecommunications equipment like towers and shelters. The lease outlines the responsibilities of both parties to maintain the equipment and space. It also allows the lessee to make changes, sublease the space, and renew the lease at the end of the term.
English prestige - presentation on real estate (regulation and development)English Prestige
The document discusses key aspects of the Real Estate (Regulation and Development) Act, 2016 in India. Some high-level points:
- The Act aims to establish a regulatory authority for real estate projects and ensure transparency. It mandates registration of real estate projects and real estate agents.
- It defines various parties like promoter, allottee, real estate project, apartment, etc. and outlines their rights and obligations.
- Promoters must register projects, disclose all relevant information, deposit 70% funds in a separate account, not advertise without registration, and adhere to plans and timelines.
- The Act provides for grievance redressal mechanisms and consequences if promoters fail to fulfill their obligations
This document outlines the terms of an agreement between an owner and contractor for a construction project. It specifies that the contractor will execute the work shown in the drawings and described in the specifications and schedule of quantities, in exchange for payment from the owner. The architect's decisions will be final in matters of disputes regarding materials, workmanship, or contract interpretation. The agreement also defines the scope of work, security deposit, responsibilities of both parties, and jurisdiction in case of legal disputes.
This document is the Republic Act No. 7279, also known as the Urban Development and Housing Act of 1992. It aims to provide a comprehensive and continuing urban development and housing program through cooperation between the government and private sector. Some key points:
- It defines terms related to affordable housing, blighted areas, socialized housing, and more.
- It covers lands in urban and urbanizable areas that are suitable for socialized housing programs.
- It establishes guidelines for acquiring lands, prioritizing government and idle lands, and disposing lands for socialized housing.
- It provides for the registration of qualified beneficiaries and incentives to encourage private sector participation in socialized housing.
This document is a lease agreement between a lessor (landowner) and lessee (company) for a parcel of land. Some key details:
- The lessor leases the land to the lessee for a term of X years, with an option for the lessee to renew for Y additional years.
- The lessee will pay a monthly rent of Rs. Z, subject to escalation every 3 years, for use of the land.
- The agreement outlines various obligations of both the lessor and lessee regarding payment of taxes, permitted uses of the land, repairs, yielding possession at end of term, and other standard lease terms.
- The lessee is given rights
The landlord leases a property located at a specific address to a tenant. The lease is for a set term of months, beginning and ending on designated dates, and will automatically renew monthly unless either party provides notice. The tenant agrees to pay a monthly rent amount by a specified due date. The landlord agrees to provide certain utilities and services. The tenant paid a security deposit upon signing, which will be refunded less damages upon returning possession of the property. Both parties must sign the agreement.
LICENSE TO USE AGREEMENT FORMAT
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RENOVATION AGREEMENT FORMAT
FREE LEGAL AND ACCOUNTANT FORMATS
KANOON KE RAKHWALE INDIA
HIRE LAWYER ONLINE
LAW FIRMS IN DELHI
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The central rationale for trademark protection is and ought to be the need of...Chenoy Ceil
This document argues that the central rationale for trademark protection has always been and should continue to be the need for businesses to protect their brand value, rather than public interest. It discusses how trademarks originally served to indicate commercial origin and courts denied relief even if consumers were confused, showing public interest was secondary. Today, trademarks allow businesses to distinguish their products and services in order to build brand recognition and goodwill. While ostensibly protecting consumers, trademark law inherently focuses on protecting business interests in establishing and maintaining brand value.
Status of the coal controller and its functions vis à-vis coal industry indiaChenoy Ceil
The Coal Controller's Organisation is responsible for regulating the coal industry in India. It has its headquarters in Kolkata and five regional offices. The Coal Controller has statutory functions like checking coal quality, regulating mine openings, distributing coal, resolving disputes, and collecting industry statistics. It also oversees residual work from the former Coal Board and World Bank loans. The office was established in 1916 to oversee coal production, distribution, and pricing during World War 1. Over time, its functions have evolved but still include regulating mining, grading coal, collecting excise duties, and resolving claims from nationalized mines.
This notice letter informs the tenant that their monthly tenancy of the [property details] measuring [square footage] that was let to them [years ago] for commercial use at Rs. [rental amount] per month will be terminated in 15 days. It requests that the tenant quit, vacate, and deliver peaceful possession of the property to the owner within 15 days, or they will be treated as a trespasser and legal proceedings will be initiated against them to recover possession of the property. The notice is being issued under Section 106 of the Transfer of Property Act 1882.
Role of due diligence in mergers and acquisitionChenoy Ceil
Due diligence is the process of evaluating a potential merger or acquisition by investigating financial, legal and other material information. It helps identify risks and structure the transaction. Key aspects of due diligence include analyzing company documents, reports, contracts and intellectual property. Conducting due diligence helps validate the business plan and mitigate risks to make the transaction successful. It is an ongoing process that continues throughout the alliance between the merging companies.
Note on custodial interrogation in indiaChenoy Ceil
Custodial interrogation allows police to detain and interrogate suspects for up to 15 days initially. Under certain laws like the Unlawful Activities Act, this can be extended to 180 days. However, several safeguards exist like producing the accused before a magistrate, not handcuffing without cause, and prohibiting torture. While lengthy detention may aid investigation, it also risks violating civil liberties and runs counter to standards in other democracies where detention periods are much shorter.
Land reforms vis a-vis urban land ceiling act and its connotations in west be...Chenoy Ceil
The document discusses land reforms in West Bengal, India relating to the Urban Land Ceiling Act. It provides background on land ownership laws over time. Key points:
1) West Bengal continues to implement the Urban Land Ceiling Act to prevent land concentration and ensure equitable distribution, despite it being repealed at the national level.
2) The Act establishes ceilings on the amount of vacant urban land an individual can own, varying based on the urban area's classification.
3) The Competent Authority is empowered to acquire lands exceeding the ceiling limits and determine if lands recorded as agricultural are actually being used as such.
Domestic violence complaint format under section 12Chenoy Ceil
This document is an application filed in court by a complainant against her husband and in-laws under the Protection of Women from Domestic Violence Act. The complainant describes years of physical, verbal, emotional, and economic abuse by her husband and in-laws including beatings, insults, threats, forced abortions, and refusal to provide financial support. She states that the abuse and mistreatment increased over time and she lives in constant fear for her safety. She is now financially and emotionally dependent on her parents and seeks a court order for maintenance and protection from her abusive husband and in-laws.
Deconstructing west bengal thika tenancyChenoy Ceil
The document summarizes the history of Thika Tenancy laws in West Bengal, beginning with the Calcutta Thika Tenancy Act of 1949. It discusses how the laws were amended over time, including the Calcutta Thika Tenancy (Acquisition and Regulation) Act of 1981. Key points of judicial interpretation are provided, such as the definition of "any structure" referring only to temporary structures. The document concludes with an overview of the current West Bengal Thika Tenancy (Acquisition and Regulation) Act of 2001 and remaining uncertainties around its implementation.
Deconstructing the right to education act, 2009 and child labour in indiaChenoy Ceil
The document discusses India's Right to Education Act 2009 and issues around child labor. It provides background on education provisions in the Indian constitution and analyzes key aspects of the RTE Act, including its definition of elementary education and duties of governments, schools and parents. It notes ongoing issues like millions of children still not receiving education or being forced into labor. Recent court rulings found the RTE Act prohibits all child labor for those under 14 and suggested universalizing free education for all children. However, enforcement challenges remain regarding protecting the rights of children up to age 18.
Civil suit for damages and vicarious liabilityChenoy Ceil
The plaintiff, an employer, has filed a civil suit against the defendants seeking damages for injuries suffered by its employee in a traffic accident. [The plaintiff's employee was injured when he was hit by a vehicle owned by the first defendant and driven by the second defendant. As the employee's employer, the plaintiff has had to pay the employee's salary and medical costs. The plaintiff alleges the accident was solely due to the negligent driving of the second defendant and seeks reimbursement from the first defendant, as the second defendant's employer, for payments made to its injured employee.] The plaintiff seeks a decree for damages, interim interest, injunctions, receivership, attachment of property, costs, and any other relief.
Application scheme for amalgamation under section 391(2) and 394 companies ac...Chenoy Ceil
This document is a petition filed with the Honorable Court seeking sanction of a proposed Scheme of Arrangement between two companies, Company A and Company B, and their shareholders. The key details are:
1) Company A is engaged in various businesses including operating a facility, while Company B has been identified to carry out certain activities.
2) It is proposed to reorganize and reconstruct Company A by transferring its proposed new facility/project assets and liabilities to Company B on a going concern basis.
3) Meetings of shareholders of both companies were held where the Scheme of Arrangement was approved unanimously by shareholders without modification.
4) The petition seeks the Court's sanction of the Scheme of Arrange
Analyzing shareholder protection and stockmarket development: an empirical te...Chenoy Ceil
The researchers wanted to empirically test the "legal origins hypothesis" proposed by La Porta et al. that common law countries have stronger shareholder protections leading to better stock market development. They analyzed changes in shareholder protection laws and stock markets in 20 countries from 1995-2005 using quantitative methods. The researchers concluded that legal origins did influence the development of shareholder protections, with common law systems initially stronger, but civil law systems were catching up. However, they found no link between increased shareholder protections and stock market growth in any system. This challenges La Porta et al.'s claims and contributes new empirical evidence to the literature on how laws and markets develop over time.
Analyzing chris willett’s the functions of transparency in regulating contrac...Chenoy Ceil
The author undertakes a comparative legal analysis of the approaches to transparency in regulating unfair contract terms in the UK and Australia. Specifically, the author examines how transparency is used to legitimize potentially unfair terms in consumer contracts in both jurisdictions. The author finds that while the law has developed differently in the UK and Australia over time, both countries currently have some uncertainty around whether transparency alone can legitimize substantively unfair terms. The author takes a prescriptive approach, arguing legislators should provide clearer guidance on the issue based on approaches in other jurisdictions like the EU. The overall goal of the research is to assess the role of transparency and argue for improvements to unfair terms laws in the UK and Australia.
1) The document is a legal notice from a law firm to a company regarding an outstanding loan amount plus interest that is due to their client.
2) The client had provided a loan of [amount] to the company which had terms of repayment after [time period] days at an interest rate of [percentage].
3) The company has failed to repay the full amount owed and is being given 21 days to pay the outstanding dues of [amount] plus ongoing interest, otherwise legal action under relevant sections of the Companies Act will be initiated.
Dimensions of online arbitration in India - Chenoy CeilChenoy Ceil
This document discusses online arbitration in India. It notes that online arbitration combines traditional arbitration with technology and allows proceedings to occur virtually. While offering benefits like speed and access, online arbitration also faces challenges in India like lack of digital infrastructure and acceptance. For online arbitration to succeed in India, efforts are needed to improve technology, provide training, and build trust in the online dispute resolution process. Overall, the document argues that online arbitration could help reduce India's backlog of court cases if the country advances its digital capabilities and online arbitration framework.
Dubai stock market development and its effect on economic growthChenoy Ceil
The document discusses the development of the Dubai Stock Market and its impact on Dubai's economic growth. It outlines that stock markets help companies raise capital and provide information about profitability and economic activity. The Dubai Stock Market was established in 2000 and experienced significant growth until the 2008 financial crisis, which impacted Dubai due to its large debt and real estate bubble. However, the market and economy have since recovered. Empirical evidence suggests stock markets can positively impact economic growth by mobilizing savings, allocating capital efficiently, and exerting corporate governance. The Dubai Stock Market has contributed to Dubai's economic growth in sectors like real estate, trade and financial services.
The document discusses the science behind how planes fly. It explains that four main aerodynamic forces - lift, gravity, thrust, and drag - work together to enable flight. Lift is generated by the wings and counteracts gravity. Thrust from the engines overcomes drag. While Bernoulli's principle and Newton's laws both play a role in generating lift, modern research indicates lift requires power to divert air downward which creates an equal reaction upward. The angle of attack and design of the wings are also important for maintaining proper lift. Pilots control various surfaces like the ailerons, elevators, rudder, and flaps to maneuver the plane during flight.
Discuss the similarities and differences between china and uk tv industriesChenoy Ceil
The document discusses similarities and differences between the television industries in China and the UK. It provides background on the history and development of TV in each country. While TV started earlier in the UK in the 1930s, China's TV industry experienced more government control and was used initially for political propaganda. Both countries now have large TV industries, but China's broadcasting is still largely controlled by the government, unlike in the UK which enjoys more freedom. The document examines differences in the broadcasting systems and media philosophies between the two countries.
Panic anxieties and panic disorders have become very common in this world today. There are almost 30 to 40 percent of the world populations who face panic disorder with or without agoraphobia PD/PDA. This paper tries to analyze the various factors and symptoms of PDA along with the possible treatments to such problems. The main purpose of this paper is to reconcile the differences between the varied treatments available for PDA and conclude that combination of psychotherapy along with pharmacological treatment is the best solution to this problem.
Rams Garden Bahcelievler - Istanbul - ListingTurkeyListing Turkey
Implemented by Rams Global in Bahcelievler, the Rams Garden Bahcelievler Apartments includes 796 residences of different types from 2+1 to 5+1.
Next to the project, which will have 33 thousand square meters of green area, there will be 42 thousand 300 square meters of woodland. There will also be a 210-meter-long pond in the landscape of the project. There are 94.5 square meters of green space per flat.
Rams Garden Bahcelievler Apartments, which has 8 times more green space than the average of Istanbul with its 33 thousand square meters of green area located within a total of 75 thousand square meters, offers various housing options from 2+1 to 5+1.RAMS Garden has brought a lifeline to the construction industry.
Rams Global, which has signed projects in many places from Dubai to Phuket and delivered more than 20 thousand residences, is now starting new projects in Istanbul.
Rams Garden Bahcelievler is located 9 minutes from Metroport AVM, 5 minutes from Marmara Forum AVM, 12 minutes from Kazlıçeşme beach, 9 minutes from Yıldız Technical University, 7 minutes from Istinye University, 9 minutes from Ramada Hotel and Medicana Hospital.
https://listingturkey.com/property/rams-garden-bahcelievler-apartments/
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
Rixos Tersane Istanbul Residences Brochure_May2024_ENG.pdfListing Turkey
Tersane Suites Residences is a luxurious real estate project located in the heart of Istanbul, next to the beautiful Golden Horn. This unique development offers hotel concept residences with Rixos management, making it the perfect choice for both homeowners and investors.
The Tersane Suites Residences offers a wide range of options, from studio apartments to spacious four-bedroom units, all designed to the highest standard. The suites are finished with high-quality materials and feature modern, open-plan living spaces, fully-equipped kitchens, and large balconies with stunning views of the city and sea.
One of the standout features of Tersane Suites Residences is the Rixos management, which provides a truly exclusive and upscale living experience. Residents will have access to a range of luxury amenities, including a fitness center, spa, and indoor and outdoor swimming pools. Plus, the on-site restaurants and cafes provide a taste of the local and international cuisine.
The Tersane Suites Residences also offers a great opportunity for investors, as it provides a rental guarantee program. This means that investors can enjoy a steady income stream, with the peace of mind that their property is being managed by a reputable and experienced team.
The location of Tersane Suites Residences is also unbeatable, with easy access to the city’s main transportation links and within close proximity to the historic center, making it the perfect base for exploring all that Istanbul has to offer.
At Geomatrix, we Pride Ourselves on our Commitment to Superior Craftsmanship and client satisfaction. Our team Consists of Highly Qualified specialists including Architects, Engineers, project Managers, and skilled labourers who work seamlessly together to achieve ourclients' Objectives. Geomatrix is recognized as the Best Construction Company in Haldwani, Dedicated to bringing visions to life with unparalleled Expertise and Professionalism.
For more information visit:
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Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing TurkeyListing Turkey
Looking for a new home in Istanbul? Look no further than Avrupa Konutlari Esentepe! Our beautifully designed homes provide the perfect blend of luxury and comfort, making them the perfect choice for anyone looking for a high-quality home in the city.
With a wide range of apartment types available, from 1+1 to 4+1, we have something to suit every need and budget. Each apartment is designed with attention to detail and features spacious and bright living areas, making them the perfect place to relax and unwind after a long day.
One of the things that sets Avrupa Konutlari Esentepe apart from other developments is our focus on creating a community that is both comfortable and convenient. Our homes are surrounded by lush green spaces, perfect for enjoying a peaceful stroll or having a picnic with friends and family. Additionally, our complex includes a variety of social and recreational amenities, such as swimming pools, sports fields, and playgrounds, making it easy for residents to stay active and socialize with their neighbors.
https://listingturkey.com/property/avrupa-konutlari-esentepe/
Keep Your Home Naturally Cool and Warm Out Change in Seasons
Vinra Construction is a private limited company registered under the ROC. The management has an experience of over 15 years of understanding the needs and delivering apt solutions to the end users We are providing turnkey solutions in construction fields. like Construction, Interior Designing Facility Management, Plantation Management, etc..
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Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus o...Joseph Lewis Aguirre
Presentation to Windust Meadows HOA Board of Directors June 4, 2024: Focus on Public Safety as Job #1, Engagement, Wealth of HOA, Branding, Communication, Culture, Civic Responsibility
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
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1. DEVELOPMENT AGREEMENT
THIS AGREEMENT is made on ______day of ______, 2013, BETWEEN
(1) SRI _____________, S/o late ______________, by religion Hindu, by occupation
Business, residing at ____________________________, (2) SRI ______________, S/o
late _____________________, by religion Hindu, by occupation Business, residing at
___________________________, (3) SRI ________________, S/o late ____________, by
religion Hindu, by occupation Business, residing at ____________________, (4)
_____________, S/o late ___________, by religion Hindu, by occupation Business,
residing at _______________________, (5) MRS. ___________, w/o _______________,
by religion Hindu, by occupation Housewife, residing at _____________________, (6)
MRS. _____________________, w/o ____________________, by religion Hindu, by
occupation Housewife, residing at ________________ (7) MRS.
______________________, w/o ___________, by religion Hindu, by occupation
Housewife, residing at _______________, hereinafter jointly called and referred to
as the OWNERS/VENDORS (which expression shall unless excluded by or
repugnant to the context be deemed to mean and include her heirs, executors,
administrators, representatives, nominees and assigns) of the FIRST PART;
AND
M/S. , a Company incorporated under the Companies Act, 1956
having its office at ______________, represented by its Director Sri
________________, by faith Hindu, Indian by Nationality, by occupation Business
hereinafter called and referred to as the DEVELOPER (which expression shall
unless excluded by or repugnant to the context be deemed to mean and include
its successor-in-office and assigns) of the SECOND PART ;
NOW THIS AGREEMENT WITNESSES, RECORDS, GOVERNS AND BINDS THE
PARTIES AS FOLLOWS:-
ARTICLE I: SUBJECT MATTER OF THE AGREEMENT
1. The Owners are absolutely seized and possessed of the piece and parcel of
land measuring __________ cottas be the same a little more or less lying
and situate at Premises _______________, under ward no. _____________,
2. 2
Mouza – _________________, Khatian No. ________, CS Dag No.
______________, in the District of _______________ more fully and
particularly described in Schedule “A” hereunder written and hereinafter
referred to as the “said Premises”.
2. The object of the present agreement is the development and commercial
exploitation of the said premises.
AND WHEREAS the Owners herein above being desirous of developing
and exploiting commercially the properties specifically mentioned in the schedule
“A” and the owners herein above having agreed have approached the Developer
herein to do so to which the Developer have agreed for mutual benefit and
consideration and relying on the aforesaid representation and assurances of the
owners and believing the same to be true and correct and acting on good faith
therewith on the following terms and conditions hereunder contained.
ARTICLE II: OWNER’S REPRESENATION
The Owners has represented to the Developer as follows:
A) That in the manner stated hereinabove the Owners are the absolute
Owners of the said premises, being Premises ___________________,
in the District of ______________ admeasuring ______________ cottas
more fully and particularly described in Schedule “A” hereunder
written and is in possession of the Premises and the Owners
has a marketable title thereto and have not entered into any
agreement creating any right in the Premises with whomsoever.
B) The said premises is subject to occupation of several
owners/trespassers/occupants.
C) The owners have negotiated with several
trespassers/occupants/tenants who have consented to vacate
the occupied portion for monetary consideration and that the
total estimated cost for obtaining possession shall not exceed
Rs _____ lakhs.
D) The possession of the areas within the said premises, as and
when obtained from the respective occupants shall be handed
over to developer.
E) Within a period not exceeding one year from the date of
execution of this present, the owner(s) shall obtain the vacant
possession of the entire premises.
F) That the said Premises is duly mutated in the ___________ Municipal
Corporation records in the name of the Owners.
3. 3
G) That the said Premises is free from acquisition and/or requisition in
nay nature whatsoever.
H) That the said Premises are not affected by any Road Alignment.
I) The said premises are not affected by provisions of the Urban Land
(Ceiling & Regulations) Act, 1976 or any other statute and there is
no legal bar for development and construction of a new multi-
storied building on the said premises.
J) The Owners have not entered into any Agreement with any other
Developer or Promoter or has created any charge in respect of the
said piece of land.
K) That there has been no notice of attachment, requisition,
acquisition received from any Competent Authority in respect of the
said premises.
L) The Owners herein has requested the Developer, who has been
carrying on business of construction and development of real
estate and has infrastructure and expertise in the same, for
development and commercial exploitation of the said Premises, more
fully and particularly described in the Schedule “A” hereunder
written and the Developer relying on the said representations of
the Owners, has offered and agreed to undertake the work of
development and commercial exploitation of the said Premises on
the terms and conditions set out in this agreement
M) That the Owners shall comply with all requisitions made by the
Developer’s Lawyer for the purpose of development of the said
premises.
ARTICLE III: DEFINITIONS
The definitions of the various terms referred to in this agreement are as specified
hereunder and the same shall always form part of this Agreement:
A) ‘THE OWNERS’ shall means the owners herein of first part and his/her
respective legal heirs, legal representatives, executors, administrators, assigns,
transferees/nominees.
B) ‘THE DEVELOPER’ shall mean the Developer herein of second part and its
successors in office, legal representatives, executors, administrators, assigns,
transferees/nominees.
4. 4
C) ‘THE PREMISES’ shall means All That piece and parcel of land
admeasuring _______________ cottas together with easement right lying
and situated at Premises No. _______________________, in the District of
___________________ within the territorial limits of _______________, more
fully and particularly described in the Schedule “A” herein under written.
D) ‘THE PROPOSED BUILDING’ shall mean residential building or
buildings proposed to be constructed on the said premises in conformity
to the building plan to be approved by the competent authority i.e.
____________ Municipal Corporation and shall include the car parking and
other spaces intended for the enjoyment of the building by its occupants.
E) ‘BUILDING PLAN’ shall mean such building plan or plans to be
sanctioned and/or revised by the Kolkata Municipal Corporation other
appropriate authorities for construction of a building on the said premises
and shall include any amendments thereto and/or modification thereof.
F) ‘FLOOR AREA RATIO’ shall mean the floor area ratio available for
construction on the Premises according to prevalent municipal law.
G) ‘SPECIFICATIONS’ shall mean first class and good standard materials
for construction and completion of the building more fully described in the
Schedule ‘B’ hereunder written
H) ‘COMMON FACILITIES / PORTIONS / AMENITIES’ shall include
roof stair ways landing, stairways passage, corridors, pump room,
overhead water tank, electric meter room/place and other spaces and
facilities whatsoever required for the egress, ingress, of the building as
shall be determined by the Developer as referred to in schedule “C”
herein under written.
I) ‘THE SALABLE AREA’ shall means the space in the proposed
building available for independent use and occupation including
common portion and/ or common facilities and services. i.e. the super
built up area.
J) ‘OWNER’S ALLOCATION’ shall mean 37% (thirty seven) of Total
Sanction Area, with the undivided impartibly proportionate share in the
land with all the common rights.
K) ‘DEVELOPER’S ALLOCATION’ shall mean save and except the Owners
Allocation, the remaining 63% (sixty three) of Total Sanction Area of the
said proposed building to be constructed in the said premises with all the
car parking spaces with the undivided importable proportionate share in
the land with all the common rights.
L) ‘COVERED AREA’ shall mean the built up area including walls and
staircase passage and other common facilities.
5. 5
M) ‘COST OF COMMON FACILITIES/MAINTENACE’ shall mean and
include the cost of operating and maintaining as and when required, the
common facilities after completion of the building and shall include taxes,
charges, salaries, premium and other expenses payable in respect thereof
or incidental thereto to be shared proportionately by the flat/unit owners
of the building.
N) ‘ARCHITECT’ shall mean a qualified person or persons having
experience in Civil constructions and duly registered with the _________
Municipal Corporation and all other statutory authorities required under
the prevailing laws to be appointed by the Developer.
O) ‘ADVOCATE’ shall mean Mr. _______________, Advocate of
____________________ and shall draw all papers, documents and drafts
required for and/or in connection with the purposes relating to the
said building, formation of the Association / Society and such
documents for sale / transfer in respect of the constructed space
at the said premises.
P) ‘TRANSFER’ within its grammatical variations shall include transfer of
possession by sale or any other means adopted for effecting what is
understood as a transfer of flat/space in the building to intending
purchaser thereof although the same may not amount to a transfer in law.
Q) ‘TRANSFEREE’ shall mean a person, firm, limited company,
Association of person to whom, any flat/space in the building has been
transferred/sold.
ARTICLE – IV – OWNER’S OBLIGATIONS
1. Simultaneously with the execution of these presents, the owners
shall hand the possession of areas within their possession to the
developer and also put the developer into symbolic possession of the
entire premises subject to verification of area to the developer.
2. On obtaining the vacant possession from the respective occupants,
the owners shall handover the possession of the same to the
developers.
3. The owners shall within a period not exceeding one year from the
date of execution of this present shall cause the
tenants/occupiers/trespassers to be vacated from the said premises.
4. The owners shall make out a marketable title in respect of the said
property free from all encumbrances charges lines impendent attachments
trust whatsoever or howsoever and shall answer all questions as may be
required by the Developer. All the papers and documents in original and
6. 6
/or copies thereof duly certificated to be true copy shall be handed over to
the Developer and the Owners further undertake to obtain all necessary
permission in order to avoid any legal discrepancy which may arise in
future.
5. That the Owners do hereby grant excessive license and permission or
authorities to the developer to plan, construct, erect, built and complete
on the said plot the multi-storied building in accordance with the building
permit granted by __________ Municipal Corporation within a period of 36
months from the date of receiving the sanctioned building plan from the
sanctioning authority or such extended time as may be mutually agreed.
6. The Owners shall simultaneously with these presents, execute a
irrevocable general Power of Attorney in favour of the Developer or its
nominee for construction of the multi-storied building at the said plot and
sale of the developer’s allocated portion in the said proposed multi storied
building and other ancillary acts. Upon execution of Power of Attorney,
the developers shall pay a sum of Rs ___________________ (Rupees
___________) to the developer which shall be refunded by owners along
with interest charges @24% per annum.
7. Notwithstanding grant of the aforesaid General Power of Attorney , the
Owners hereby undertakes that they will execute as and when
necessary, all papers , documents , plans etc. for the purpose of
development of the premises.
8. The Owners also undertakes that in case any discrepancy arises in future
as to the marketable title of the said premises and/or it is found that the
land is not free from all encumbrances, in event thereof, the Owners shall
be bound to return entire sums invested by the Developer (i.e. searching of
title deeds, payment of stamp duty if any, development the land, BLR
mutation, mutation/assessment in ____, making boundary walls, payment
of rates and taxes and/or other expenses if any) along with interest @ 24%
per annum to the Developer and the Developer shall also reserve its right
to sue against the owners for damages. Till such time, the money is
realized by the Developer, the money so invested shall be in the nature of
charge and/or lien over the said premises.
9. The Owners hereby agrees and covenants with the Developer not to act or
to cause any interference or hindrance in the construction of the said
building at the said land by the Developer as per terms of this
agreement.
10. The Owners agree and covenant with the developer not to do any act
or thing whereby the Developer may be prevented from selling assign
and/ or disposing of any of the Developer's allocated portion in the
building.
7. 7
11. The Owners hereby undertake to register and execute the Agreement
of Sale/Memorandum of Understanding/ Deed of Conveyance or a
Deed of Transfer of any other nature in respect of any part of portion
of the Developer's Allocation in favour of its nominees/transferees/
assigns as and when called by the Developer to do so.
ARTICLE – V – OWNER’S RIGHT
1. The Owners is absolutely seized and possessed of and/or otherwise well
and sufficiently entitled to the said premises, being Premises ____________,
more fully and particularly described in Schedule “A” hereunder written
and in exercise of its rights have appointed the Developer mentioned
herein for the development of the property.
2. The Owners shall be entitled to transfer or otherwise deal with the
Owner’s Allocation along with proportionate share of the land and
common facilities in such manner as they deems fit and proper.
ARTICLE VI: DEVELOPER’S RIGHT AND OBLIGATIONS
1. The Owners has appointed ___________________ as the Developer of the
said Premises for the purpose of constructing building or buildings at the
said Premises for commercial exploitation on the terms and conditions
herein contained.
2. The developer shall pay an aggregate amount not exceeding Rs
_____________/- (Rupees _____________ lakhs) in several tranches as and
when demanded by the owners for obtaining possession from the
tenants/occupants/trespassers. On obtaining possession from the
occupants, the owners hand over the possession of the same to the
developer.
3. The amount as advanced by the developer towards obtaining
possession from the occupants shall be in form of security and/or
charge of the developer over the said premises. The said amount shall
be refunded by the owners to the developer along with interest
charges @ 24% from the sale proceeds of the owners allocation.
4. Simultaneously with the execution of this present, the owners hand
over the possession of the areas within the said premises which are
under their occupation. The developer shall pay the owners an
aggregate amount of Rs 20,000/- per month for 12 months for the
purposes of their temporary accommodation. Such amount along
with appropriate interest charges @ 24% per annum shall be refunded
by the owners to the developer from the sale proceeds of the owner’s
allocation.
8. 8
5. All the costs towards regularizing title, payment of tax dues, other
preparatory work, etc prior to the obtaining sanction plan shall be
incurred by the developer by and on behalf of the owners. Such cost
incurred by the developer shall be recoverable from the owners along
with other sums advanced upon completion of building.
6. M/s _________________ at its own cost have taken steps or shall take steps:
a) For obtaining clearances and no-objection certificate from the
statutory and municipal authorities.
b) To devise a scheme of amalgamation of the said premises for its
best commercial utilization (if required) and compliance of all the
statutory procedural laws for giving effect to the same.
c) To prepare plans for construction of the New Building or Buildings
on the said Premises according to the Building Rules of the
_________ Municipal Corporation, and to get the said plans
approved and thereafter construct new building or buildings in
accordance with the sanctioned plan.
d) To submit and resubmit all further plan(s) with modification and/or
file applications and other documents or papers and to do all
further acts deeds matters and things as may be required by the
Developer to obtain permission in respect of the construction of
building, clearance of building plans or otherwise relevant for the
purpose from the appropriate government department and/or
authorities concerned.
e) To do all such other acts deeds and things as may be necessary for
construction of the said Premises and for such purpose to appoint
necessary Architects and Professionals.
f) To make its best efforts to commence and complete construction of
the Buildings on the said Premises within a period of 36 months
from the date of obtaining sanction plan from ____________unless
prevented by reason beyond its control including force majeure.
g) To appoint contractors/sub-contractors for the construction of the
building.
h) To construct the Buildings in accordance with the sanctioned plans
and to take all precaution, safety, insurance and follow the norms
prescribed by ___________, other authorities and under the National
Building Code and to comply with and/or take necessary
permission as required under any law for the time being force.
i) The Developer shall be authorized in the name of the Owners
to apply for and obtain temporary connection of water,
electricity , drainage and sewerage.
9. 9
j) To act diligently and efficiently in the matter of construction of the
Buildings and hereby agrees to indemnify and/or to keep the
Owners indemnified from and against all claims or compensation
and actions arising out of any act or omission of the Developer or
any action in or relating to the construction of the Buildings on the
said Premises.
7. All applications plans and other papers and documents referred to in
clauses (2) hereinabove shall be submitted by or in the name of the
owners but otherwise at the costs and expenses of the Developer and the
Developer shall pay and bear all charges and expenses required to be paid
or deposited for sanction of the building plan for the construction of
building thereon, PROVIDED HOWEVER THAT THE DEVELOPER shall be
exclusively entitled to all refund of payments and/or deposits made by
the Developer.
8. The Developer shall be entitled to deal with the Developer’s allocation in
its absolute discretion without any hindrance/objection from the Owners
and shall be entitled to receive payments in this regard. The Developer
shall be entitled to receive the Booking money as well as full
consideration money in respect of their allotted Flat/Allocation from
the intending Purchaser or Purchasers and same shall be enjoyed by
the Developer.
9. The Developer shall allot and give possession of the Owner’s Allocation
in the new building as and when the same is ready for possession. The
Developer hereby agree and covenants with the Owners not to do any
act deed or thing whereby the Owners are prevented from enjoying/
selling/ assigning and / or disposing of any of the Owner’s Allocation
in the said proposed building at the said premises.
10. The Developers shall pay Municipal rates and taxes and other
statutory demands and dues in respect of the said premises / property
till the date of commencement of construction and the said amount
will be recovered from the owners allocation.
ARTICLE VII: CONSIDERATION AND SPACE ALLOCATION
1. The Owners having granted and/or agreed to grant exclusive right to
Developer to commercially exploit the said Premises by construction of
building on the said Premises at its own costs and in consideration of
Developer undertaking to pay and bear the cost of clearing all hindrances
and obstacles, and the cost of obtaining permission and consent required
for construction, the Owners shall be entitled to Owner’s Allocation as
defined above and again reproduced below herein:
10. 10
OWNER’S ALLOCATION : Owners allocation shall mean 37% (thirty
seven) of Total Sanction Area together with the undivided impartibly
proportionate share in the land with all the common rights.
2. The Developer shall on completion of the new building put the Owners in
undisputed vacant possession of the 37% (thirty seven) of Total Sanction
Area in the said new building as Owner’s allocation together with all rights
in common to the common portions within the stipulated period of 36
months from the date of sanction of building plan.
3. After setting apart the Owners’ Allocation, the Developer shall be entitled
to the remaining space in said building i.e. Developer’s allocation as
defined above and again reproduced herein:
‘DEVELOPER’S ALLOCATION’ shall mean save and except the Owners
Allocation the remaining flats/space/portion of the said residential
building proposed to be constructed in the said premises along with car
parking spaces with the undivided impartibly proportionate share in the
land with all the common rights.
4. The Owners shall be entitled to transfer or dispose off the Owners’
Allocation in the Building constructed without in any way disturbing the
common facilities situated thereon with the exclusive right to deal with,
enter into agreements for sale and transfer the same or any portion
thereof without any right, claim demand interest whatsoever or howsoever
of Developer and Developer or any person or persons lawfully claiming
through Developer and Developer shall not in any way interfere with or
disturb the quiet and peaceful possession of the Owners Allocation.
5. Developer shall be entitled to transfer or dispose off the Developer's
Allocation in the building constructed without in any way disturbing the
common facilities situated thereon with the exclusive right to deal and
enter into agreements for sale and transfer of the same or any portion
thereof without any right claim demand interest whatsoever or howsoever
of the Owners or any person or persons lawfully claiming through the
Owners and the Owners shall not in any way interfere with or disturb the
quiet and peaceful possession of the Developer's Allocation.
ARTICLE – VIII – BUILDING
1. The Developer shall at his own cost and expenses get the building plan
sanctioned from Kolkata Municipal Corporation and on receipt of said
11. 11
Plan the Developer shall keep the same in the custody and produce it on
requirement and provide a copy of the said sanctioned Plan to the Owners.
2. The Developer shall at their own cost and expenses construct, erect and
complete a multi-storied building on the said plot of land within the
specified time mentioned hereinabove in accordance with the Building
plan with good and standard materials as may be specified by the
architect from time to time.
3. Subject as aforesaid the decision of the Developer regarding the quality of
the materials shall be final.
4. The Developer shall install and erect in the said residential building at his
own cost and expenses all sanitary and plumbing installations, water
storage tank, overhead reservoir, electrification, and other facilities as are
required to be provided in the multi-storied building having self contained
apartments and constructed for sale of flats. The Developer may also
arrange permanent Electric Meter for each flat from __________ at the cost
of the respective purchaser of the Units; Owners shall arrange to bring
their own electric meter.
5. The Developer shall be authorized in the name of the Owners in so far as
it necessary to apply for such services, utilities materials for the
construction of the building and to similarly apply for and obtain
temporary and permanent connection of water, electrical power, drainage,
sewerage to the said building and other inputs and facilities required for
the construction or enjoyment of the building for which purpose the
Owners shall execute and register in favour of the Developer or its
nominee a General Power of Attorney in such form as shall be required by
the Developer.
6. The Developer shall at their own cost and expenses and without creating
any financial or other liability on the Owners, construct and complete the
said building including the Owners’ Allocation in accordance with the
building plan and/or revised building plan.
7. All costs, charges and expenses including municipal fees and Architect’s
fees shall be discharged by the Developer and the Owners shall bear no
responsibility in this context.
ARTICLE IX – COMMON FACILITIES
1. The Developer and/or its nominee/nominees shall pay and bear all rates
and taxes and other dues and outgoings in respect of the said premises
from the date of sanction of Building Plan.
12. 12
2. As soon as the building is completed, the Developer shall give written
notice to the Owners for taking possession of the Owner’s allocation in the
building and their being no dispute regarding the construction of the
building in terms of this agreement and according to the specifications
and plan thereof and after 15 days from the date of service of such notice
and at all times thereafter the Owners shall exclusively be responsible for
payment of Municipal and property taxes, rates, dues duties and other
public outgoing and impositions including maintenance charges,
whatsoever (hereinafter for the sake of brevity referred to as ‘the said
rates’) payable in respect of the Owners’ allocation and the Developer
and/or the allot tees/purchasers of the flats of the Developer’s. Allocation
shall be responsible to pay the balance of the said rates. It being expressly
agreed and understood that in case the parties have not sold and/or
unable to sell their respective allocation, they shall be still liable to their
respective share of maintenance charges, deposits taxes etc. It being
expressly agreed and understood that Owners/Developer and/or their
nominees shall not be entitled to raise any dispute on the ground that
completion certificate/lift/paramount sewerage connection/water
connection or electricity connection has not been provided so long the
building could be used and/or enlisted with the above referred utilities be
likely to be temporary in nature.
3. The Owners and the Developer shall punctually and regularly pay for the
respective allocation of the said rates to the concerned authorities or
otherwise as may be mutually agreed upon between Owners and the
Developer and both the parties shall keep each other indemnified against
all claims actions demands costs charges and expenses and proceeding
whatsoever directly or indirectly instituted against or suffered by or paid
by either of them as the case may be consequent upon a default by the
Owners or the Developer in this behalf.
4. Notwithstanding anything contained hereinbefore it is agreed that until
individual assessment of the respective flat is being made by the authority
concerned the said rates will be borne by the individual flat Owners
proportionately.
5. Should any of the parties or persons responsible for payment of any
amount in respect of the said rates or service charges for the common
facilities fail to pay any such amount within fifteen days of demand in this
behalf such parties or persons responsible shall be liable to pay interest
on the amount outstanding at the rate as charged to all residents per
annum for the amount from the last date of payment up to the date of
actual payment.
6. As and from the date of notice of physical possession to the Owners, the
Owners shall be responsible to pay and bear and shall forthwith pay on
13. 13
demand to the Developer service charges for the common facilities in the
building in respect of the Owner’s Allocation.
7. The Owners shall not do any act deed or thing whereby the Developer
shall be prevented from constructions and/or completion of the said
building
ARTICLE: X: COMMON RESTRICTIONS
1. The Owners’ allocation and Developer’s allocation in the building shall be
subject to the same restrictions on transfer and use as are applicable to the
Developer’s Allocation in the building intended for the common benefit of all
occupiers in the building as may be decided by the Developer in their
absolute discretion.
2. No Transferee / Occupant of the apartment / spaces in the New Building
(Units) shall use or permit to be used their Units or any portion thereof for
any obnoxious, illegal and immoral trade or activity or for any purpose which
may cause any nuisance or hazard to the other occupiers of the New
Building.
3. No Transferee / occupant of the New building shall demolish or permit
demolition of any wall or other structure in their respective Units or any
portions, major or minor, which will change the nature and character of the
building. However, internal modification within the Unit without creating any
effect on the structure of the New Building or the common portions can be
made by the respective Transferee /Occupant subject to the compliance of all
existing Rules including the Building Rules of the concerned authority. No
Transferee / Occupant of the new Building shall alter the outer elevation of
any Unit.
4. All the transferee/ occupants of the new building shall abide by all laws, bye
laws, rules and regulation of the government and local bodies and shall
attend to, answer and be responsible for any deviation, violation and/or
breach of any of the said laws, bye laws rules and regulations.
5. All the transferee/ occupants of the New building shall keep their interior
walls, sewers drains, pipes and other fittings and fixtures and appurtenances
and floor and ceiling etc. in each of their respective Units in good working
condition and repair and in particular so as not to cause any damage to the
New Building or any other space or accommodation therein and shall keep
the other occupiers of the New Building indemnified from and against the
consequences of any breach.
6. No occupant/transferee of the premises shall leave or keep any goods or other
items for display or otherwise in the corridors or at other places of common
use and enjoyment in the New Building and no hindrance shall be caused in
14. 14
any manner in the free movement and use of the corridors and other places
for common use and enjoyment in the new building.
7. No occupant/transferee of the premises shall throw or accumulate any dirt,
rubbish, waste or refuse or permit the same to be throw or accumulated in or
around the New Building or in the compound, corridors or any other portions
of the New Building.
ARTICLE: XI: TITLE DEEDS
1. The photo copies of original documents in respect of the said
property shall be kept with the Developer who shall hold such
documents during the subsistence of this agreement and the
Owners shall be entitled to allow inspection to the customers of
the Developer and/ or may allow them to take extracts of the
title deeds and produce the same of true copies thereof when
documents are needed by the Developer for legal revenue or
other such causes.
2. After the completion of the said building and sale of all the Flats
original title deeds exclusively relating to the said property and
the certified copies of the documents (court cases) shall be made
over to the registered Flat Owners society or Association or to
the Owners herein named as the case may be.
ARTICLE – XII – MISCELLANEOUS
1. In the event the owners fail to obtain vacant possession within one
year from the date of execution of this present or within such
extended time (in the event time is extended by mutual consent of
the parties), the owners shall refund double the amount so incurred
and/or advanced by the developer along with interest charges @ 24
per anuum. Till such time, the sums are not refunded, the developer
shall be in continuous charge/possession of the said premises.
2. The Owners and the Developer have entered into this Agreement purely for
construction and nothing contained herein shall be deemed to construe as
partnership between the Developer and the Owners but purely as joint
venture.
3. The Owners may instruct the Developer in writing to add or alter the
specification of the Owner’s share at their own cost. The Developer may at
its absolute discretion add or alter the specification as desired by the
Owners.
4. The Owners hereby further agree and covenant with the Developer as
follows:
15. 15
i. That Developer shall be entitled to use materials articles and things of
such specifications in the said building as shall be thought fit and proper
by the Developer’s Architect.
ii. That during the course of construction of the said building the owners
shall not in any manner, way whatsoever or howsoever interfere or cause
any hindrance or impediment in construction or completion of the said
building.
iii. Not to mortgage, charge or deal with or enter in to any agreement in
respect of the said premises or any portion thereof with any person or
persons in any manner whatsoever or howsoever.
iv. To extend all such cooperation as may be required by the Developer.
5. Upon the completion of the building the parties shall have their respective
areas insured for such perils as may be deem necessary including fire,
riot, earthquake, flood and such other perils, including as provided for in
any statute and the cost of such insurance shall be borne by the
respective parties in their proportionate area for such a period as may be
prescribed in any law in force at the relevant period and if Developer does,
the owners have to pay.
6. It is agreed that the Developer shall have absolute right to name the
building and the Owners shall not object to the same.
7. It is agreed between the parties that the Stamp Duty, Registration Fees
and other misc. expenses including lawyer’s fee for Registration of this
Agreement and/or for Power of Attorney as contemplated under this
Agreement shall be paid by the Developer.
8. It is understood that from time to time to facilitate the construction of the
building by the Developer various deeds, matters and things not herein
specified may be required to be done by the Developer and for which the
Developer may need the authority of the Owners and various applications
and other documents may be required to be signed or made by the Owners
relating to which specific provisions may not have been mentioned herein
the Owners hereby undertake to do all such acts, deeds, matters and
things and the Owners shall execute additional Power of Attorney and/or
authorization as may be required by the Developer for the purpose and the
Owners also undertake to sign and execute all such acts, deeds, matters
and things if, the same do not in any way infringe and/or affect the rights
of the Owners in respect of the said plot and/or go against the spirit of
this Agreement.
9. Any notice required to be given by the Developer shall be deemed to have
been served on the Owners, if delivered by hand and duly acknowledge or
16. 16
send by prepaid registered post with acknowledgement due and on the
Developer, if delivered by hand or send by prepaid registered post with
acknowledgement due to the known address which appears in this
Agreement.
10. The Developer shall be entitled to frame scheme for the management
and/or administrations of the said building and/or common parts and
facilities thereof.
11. The Owners and the Developers hereby agree to abide by all the rules and
regulations of such management/society/association/ organization and
hereby give their consent to abide by the same.
12. This agreement has been entered in to between the parties hereto with the
understanding that the authorities concerned will sanction building plan
for construction of residential building but in the event if plan is not
sanctioned as aforesaid the Developer in their sole and absolute
discretion will be at liberty to revoke the agreement hereof and/or to agree
to such modified terms as may be mutually agreed between the parties
herein.
13. In the event of the revocation as aforesaid the sums so incurred by
the developer, will be returned/ refunded by the Owners herein to the
Developer forthwith. The Developer shall notify the amount to the
Owners along with interest calculations. If the owners fails to refund
the said amount to the Developer within 30 days of demand being made,
the owners shall be liable to pay further interest at the rate of 24%
per annum on said amount until entire amount of deposit with
interest is satisfied. Besides as aforesaid the amount in case of
revocation until returned, the Developer shall have exclusive charge
or lien over the said premises.
14. The Developer hereby agree and covenant to pay and clear all rates
and taxes and/or other impositions and statutory dues in respect of
the said premises till and until the handing over of the possession
of the said building to the owner/owners in terms hereof and
thereafter shall be payable by the Owners/co-owners.
15. In course of execution of the arrangement herein contained, in case the
parties find any difficulty, inconvenience or limitation in carrying out the
terms herein, the parties shall discuss and resolve the same and will be at
liberty to suitably modify or alter the arrangement subject to the condition
that no such modification or alteration shall be binding unless the same is
in writing and is signed by both the parties.
17. 17
ARTICLE XIII: OWNER’S INDEMNITY
1. That the Owners hereby undertake that the Developer shall be
entitled to the said consideration and shall enjoy their allotted
space without any interference or disturbances provided the
Developer perform fulfill all the terms and conditions herein
contained and / or on their parts to be observed and performed.
2. The Owners hereby undertake to keep the Developer indemnified
against all actions, suits, costs, proceeding and claims that may
arise due to any defect in title of the Owners of the said property
and/ or any manner concerning the area title etc. in relation to the
said property.
ARTICLE: XIV: DEVELOPER’S INDEMNITY
1. The Developer hereby undertake to keep the Owners indemnified
against all third party claims and actions arising out of any sort of
act omission of commission of the Developer in or relating to the
construction of the said building.
2. The Developer hereby undertake to keep the Owners indemnified
against all actions, suits, costs, proceedings and claims that may
arise out of the Developer actions with regard to the matter of
construction of the said building and/ or for any defect therein.
ARTICLE – XV – FORCE MAJEURE
1. The Parties hereto shall not to be considered to be liable for any obligation
hereunder to the extent that the performance of the relative obligations
prevented by the existence of the force majeure and shall be suspended
from the obligations during the tenure of the force majeure.
2. Force majeure shall mean flood, earthquake, riot, war, storm, tempest,
civil commotion, strike, lockout and/or any other act or commissions
beyond the control of the parties hereto.
ARTICLE-XVI-ARBITRATION
In case of any dispute difference or question arising between the parties
with regard to interpretation meaning or scope of this Agreement or any
rights and liabilities of the parties under the Agreement or out of the
18. 18
Agreement or in any manner whatsoever concerning this Agreement the
same shall be decided by and referred for arbitration to the Arbitration of
Mr. ______________, Advocate of __________________ or any person
nominated/appointed by the Developer under the provisions of the
Arbitration and Conciliation At, 1996 or any amendment thereto,
whose decision will be final and binding upon the parties.
ARTICLE – XVII – JURISDICTION
1. The Courts of Calcutta alone shall have the jurisdiction to entertain and
try all actions suits and proceedings arising out of this agreement.
THE SCHEDULE ‘A’ REFERRED TO ABOVE (“THE SAID PREMISES”)
ALL THAT the piece and parcel of land measuring ____________ cottas be the
same a little more or less lying and situate at Premises No. ______________,
under Ward No. _________, Mouza ___________, Khatian No. _________, CS Dag
No. _______________, in the District of __________, which is butted and
bounded in the manner as follows:
ON THE SOUTH : By
ON THE NORTH : By
ON THE EAST : By
ON THE WEST : By
THE SCHEDULE ‘B’ REFERRED TO ABOVE:(SPECIFICATION)
1. Main Structure : R.C.C. framed structure.
2. Brick Work : All external walls will be 8” thick with 1 : 6
cement mortars except where it is not
necessary.5” brick work will be with 1 : 5
cement mortars.
All 3” thick brick work will be with 1 : 4
cement mortar with wire reinforcement in
every 3rd brick layer.
3. Plaster : All walls shall be plastered with 1 : 6
cement mortars except ceiling with 1 : 4
cement mortars.
19. 19
4. Flooring : (1) Room & Drawing cum Dining : Vitrified
tiles.
(2) Toilet & Kitchen : Flooring 1’1’ Anti-skit
tiles with glazed titles 6’ height in toilets and
2’ height in kitchen counter and cooking
counter complete with black granite.
5. Doors : (1) Frame : Sal Wood or equivalent.
(3” 3”, 4” 2½”).
(2) Door Shutter : Flush door 32 mm. thick
with PVC door in toilet.
6. Windows : Aluminum channel frame with glass panel
with grill covered.
7. Paints : (1) Walls : Plaster of Paris.
(2) External Wall : The entire building shall
be painted with snowcem.
(3) Doors and Windows : with one coat
primer and two coat enamels paints.
8. Fittings : (1) Door : The entrance door shall have one
steel sliding door bolt. One night latch
(Godrej) and the bedroom doors shall have
in addition to other required fittings.
(2) Windows : Handle in addition to other
required fittings. Concealed wiring (Copper
wire).
9. Electrical : (1) Wire : Concealed wiring (Copper wire).
(2) Bed Rooms : Two light points, one fan
point, one 5 Amps plug point, one 15 Amps
point, night lamp above skirting.
(3) Drawing Room : Two light points, two fan
points, one 5 Amps plug point and one bell
point.
(4) Kitchen and Toilet : One light point. and
one 5 Amps Plug point and one 15 Amps
Plug point.
(5) Balcony : One light point.
10. Sanitary and plumbing fittings :(1) Kitchen : One sink with tap and one bib-
cock at ground.
(2) Toilet : Commode with low down cistern,
Two bib-cocks, One shower one basin etc.
complete.
20. 20
THE SCHEDULE ‘C’ REFERRED TO ABOVE
(Common Portions)
I. Areas :
a) Entrance and exits to the Premises and the New Building.
b) Boundary walls and main gate of the Premises.
c) Staircase, stair head room and lobbies on all the floor of the
New Building.
d) Entrance lobby, electric/utility room, water pump room,
generator room (if any).
e) Common installations on the roof.
f) Roof above the top floor of the New Building.
g) Common lavatory.
II. Water, Plumbing and Drainage :
a) Drainage and sewage lines and other installation for the
same (except only those as are installed within the exclusive
area of any Unit and/or exclusively for its use).
b) Water supply system.
c) Water pump, underground and overhead water reservoir
together with all common plumbing installations for carriage
of water (save only those as are within the exclusive area of
any Unit/or exclusively for its use).
III. Electric Installation :
a) Electrical wiring and other fittings (excluding only those as
are installed within the exclusive any Unit and/or exclusively
for its use).
b) Lighting of the Common Portions.
c) Electrical installations relating to receiving of electricity from
suppliers and meters for recording the supply.
IV. Others :
a) Such other parts, areas, equipments, installations, fittings,
fixtures and spaces in or about the premises and the new
building as are necessary for passage to and/or user of the
Units in common by the Co-Owners.
IN WITNESS WHEREOF the parties hereto have set and subscribed their
respective hands and seals on the day month and year first above written
21. 21
SIGNED, SEALED AND DELIVERED by
the OWNERS at _________ in the
presence of:
1.
2.
______________________________
SIGNATURE OF OWNERS
SIGNED, SEALED AND DELIVERED by the
DEVELOPER at __________ in the presence
of:
1.
2.
______________________________
SIGNATURE OF DEVELOPER
****************************************
DATED THIS DAY OF
2013
****************************************
22. 22
DEVELOPMENT AGREEMENT
B E T W E E N
SRI ______________ & OTHERS.
....OWNERS
A N D
M/S ___________________________
….DEVELOPER