With the coming of the RERA, how business is relayed in the real estate sector has changed. RERA mandates a list of bylaws to follow. Under the rules, it is mandatory to file an Agreement of Sale/Conveyance deed along with a registration grant of the project for carrying out transactions. And also, projects that categorize under joint development require that the landowners and the promoters fulfill their obligations by the provisions of the Act.
Due care has to be taken while drafting the above-mentioned agreements/documents to capture the necessary points to meet the requirements of the Act and Rules.
At RERA Consultants LLP, the experienced legal counsels are regularly updated with the various requirements under RERA and can assist in drafting Joint Development Agreements and all other associated legal documents as may be required by the promoters.