Keyword/Phrase

Pay a sum
Raise the super structure
physical possession
obtain all necessary permissions and sanctions
Executed attorney by separate documents
Utilise the full FAR
Stamp duty and registration charge
All the original documents
Sorts of encumbrances
 Explanation
Developer have agreed to pay a sum
Developer has agreed to raise the super structure
Developer have physical possession over the property for development
Developer need to obtain all necessary permissions and sanctions from the concern authority
Owner has executed attorney by separate documents in favour of developer
Developer shall utilise full FAR available in respect of the property
stamp duty and registration charges shall be arranged to be paid by the Developer
Owner shall handover all the original documents to the developer
property is free from all sorts of encumbrances like mortgage etc.
 Keyword/Phrase
Default in payment
Entitled to terminate the agreement
Interfere or obstruct in any manner
Consequence arising out of the structural defects
keep indemnified the owner
 Explanation
If the Developer will make default in payment of any instalment of the balance amount then owner can terminate the agreem
Owner shall be entitled to terminate this agreement
Owner shall not interfere or obstruct in any manner
Developer shall be fully responsible for all consequence and not be entitled to any compensation from the first party for any d
prevent the owner against the losses
 Keyword/Phrase
Agreement shall not be deemed to constitute a partnership
party undertake not to contravene
 Explanation
There is no partnership between owner and developer
party undertake not to contravene any of the terms of the agreement