Development agreement for redevelopment
K S MURTHY
(Querist) 07 March 2016
This query is : Resolved
Sirs, i am staying in Andheri, Mumbai. Our Society wanted to go in for Redevelopment and we have only signed the Development Agreement (DA) during August 2013. The DA is only signed by society and Redeveloper, but the DA is NOT YET REGISTERED, as the DA was to undergo certain changes.
In such a case, are the Members of society legally bound by the DA ? Can the Members sell their flats without any hurdle? And above all, is our society bound legally by DA? Please reply.. K S Murthy
Rajendra K Goyal
(Expert) 08 March 2016
The contents of the document need to be referred, consult local lawyer.
If the terms of agreement were not implemented in the agreed time frame, send registered notice to withdraw your consent to the agreement after discussing with your lawyer.
