Whether Registration Of Development Agreement Is Compulsory

Whether Registration Of Development Agreement Is Compulsory

In the case of third-party buyers, the shares for the sale of shares of undivided land and the corresponding construction contracts would be registered in their favour. Although agreements with the developer were previously called the construction agreement, after the introduction of TN RERA rules, it is advisable to adopt the term construction agreement. You can see that if certain conditions do not match this agreement, you can change them. The elaboration of the goal and objectives will consolidate the reasons why a development agreement is needed and help facilitate a process in which expectations are clearly articulated for both parties. This step should also serve as a review process to determine whether the purpose of the development agreement is consistent with an overall plan or other policies established by the administration. .

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