Greetings,
I am going for agreement of my flat in near future. I was going through sample agreement I got from the builder and saw the following clause in it.
"Further the Purchaser agrees, admits and confirms that the Developers have apprised them of the fact that, during the completion period as aforesaid, if the market scenario or prevailing circumstances necessitates a change in the user from Residential to Commercial or vice-versa then in such an event the Developers shall be entitled to make such changes save and except the building/s in which the said flat is situate and the Purchaser/s hereby undertakes not to raise any objection and/or dispute in respect thereof"
Can someone please explain me this clause and its impact on the purchaser. I am specifically worried about this line in the clause ".....change in the user from Residential to Commercial....."
Thanks in advance for the response
Rangan.
