According to Indian Law, a development agreement is a contract between the landowner and the developer, in which the landowner agrees to provide their land to a developer who will develop the land with their own investment
. The agreement should specify the terms and conditions of the development, including the time frame for completion, the cost of construction, and the transfer of possession.
If your development agreement specifies that you are entitled to possession of your residence after completion of development, then you can take legal action against the builder for not fulfilling their contractual obligations. You can file a complaint with the Real Estate Regulatory Authority (RERA) in your state. RERA is responsible for regulating and promoting the real estate sector and protecting the interests of homebuyers . You can also consult with a legal expert who can guide you through the process of filing a complaint and ensure that all legal requirements are met.
It is important to note that if you have not registered your development agreement, then it may not be enforceable in court. Therefore, it is advisable to consult with a legal expert who can guide you through the process of registering your agreement and ensure that all legal requirements are met.
Need help with property registration and document verification? Contact NoBroker Legal experts to get end to end assistance hereYour Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
We have given half portion of our plot for development to a builder. Builder has completed development. Now we want possession deed of our residence. But the builder is not doing that and harassing us. What to do?
Ranjana Deshpande
180 Views
1
2 Year
2023-08-12T08:34:14+00:00 2023-08-14T10:56:14+00:00Comment
Share