By buying a property in mira Road. The building at O.C bt is not registered in the development contract. The building is 2 years old and is fully equipped. Please ask yourself if it is safe to buy an apartment in this building. 12. This contract is executed in two copies, the original is kept by the owner and duplicated by the owners. I need question immediately I get a 6% of I develop, how do I save the 6% owner to develop builder please beat me 12. That the building in all respects inside ………… Must be ready and ready and the share of the first part in the property will be to them inside ………… Months from the date of sanction of plans/remission of vacant land ownership for development, expect for reasons that are caused outside the control of the second part such as strikes, war, disturbances and natural disasters and due to unforeseen circumstances such as radical changes in laws and obstacles caused by the worried authorities (M.C.D./D.D.A.).
Without prejudice to its rights, the owner may, at his choice, tolerate such a delay in payment by the developer and extend the payment period if the developer pays interest of ………% per year on the late rate, provided that the owner makes a written request for payment of the sum attached to the developer before terminating this agreement, as announced above. If the developer pays the amount that is the owner with interest inside………. Days after receiving this claim, the owner has no right to terminate the contract under this clause. 4. The owner pays the builders a sum of Rs…………. whose owner pays each week to the owners the amount that can be sufficient to cover the costs incurred by the owners for the materials used in the works, verified and certified by the architect, Rs…… on the architect`s certificate that the work is completed up to the first floor, the additional sum of Rs ………… on the architect`s certification that the work is completed and that the balance must be paid on the architect`s certificate, that the above works have been completed in all respects in accordance with the agreement and that the owners have, at their own expense, removed all scaffolding, fencing, materials and unused waste from the premises and managed the bungalow for immediate use and use and management. However, an amount equal to 5% of the total amount of the contract payable by the owner under this contract is withheld by the owner as a deduction allowance which, after a period of 12 months from the date of delivery of that bungalow, is fully due and is due for occupancy. The owners agree and undertake to remedy any defects that can be found or found during the 12-month period.
If the owners do not correct the defects found or refuse to correct the defects found by the owner within a fortnight of the date of notification to the owners, the owner has the right to have these defects corrected by other agencies that he deems appropriate for all the costs and risk of the owners and to use the deduction allowance; To the extent that, in the event of insufficient deduction pay in question, the costs, costs and expenses incurred by the owner to remedy the construction defects are not sufficient, the owners must correct the defect within 7 days of the owner`s written request, otherwise the owners are required to pay the same amount as the interest of 15% per year. It has been very useful for the owners and as well as the landowners , change some changes to the above format if anyone interested in giving volpment in the telangana state (warangal and hyderabad) is the classes of arbitrators are needed in the Country Development Agreement. Please give me a template to indicate which documents the owner who sells his soil after establishing the agreement with the owner.