Development Agreement

Arati Gawde (Querist) 21 February 2010 This query is : Resolved
What point must be require in any kind of Development Agreement?

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Guest (Expert) 21 February 2010
Since vast areas are needed to be covered, it is better to refer to a 'conveyancing book'. Basically the interests of both the parties, ie., Land Owner and Builder/Developer is to be looked into. According to the requirements (Owner or Developer), penal provisions are to be included. It is prudent to include Arbitration Clause also.

Raj Kumar Makkad (Expert) 22 February 2010
I do agree with siva.

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